Understanding The Scope Of Reversionary Interest In Copyright

UNDERSTANDING THE SCOPE OF REVERSIONARY INTEREST IN COPYRIGHT¹

1. Introduction

The concept of reversionary interest in the field of law generally operates at the expiration of the duration of a term, where an interest initially transferred to a temporary holder for a period of time subsequently reverts to the original interest holder. Reversionary interest is a popular term in real estate transactions that emerges from the ownership and possession of tangible or intangible property. For example, in a lease agreement, reversionary interest is originally deposited in the lessor who grants the lease of a property to the lessee for a certain period and upon expiration of that period, the ownership and possession of the leased property reverts from the control of the lessee to the ownership and possession of the lessor.