October 23, 2000

Abandoned intellectual property should be up for grabs

Author: JT Smith

"Most states have laws governing what is to be done with property that has been abandoned. In one state the amount of time before something is considered abandoned ranges from a mere 2 years up to 15 years. After that maximum -- depending on the type of property -- the property can be put up for auction, absorbed by the holder of the property, or possibly revert to the state, again depending on the property in question. The laws vary between states, but the principle is there. Property that is not claimed after a reasonable amount of time ceases to belong to the owner. Think of how this might apply to intellectual property." -Kelly McNeill
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