The $1 Oscar: Can Contract and IP Quietly Create Illusory Ownership?
The Oscar statuette may look like a personal trophy, but legally, it is something far more controlled. Through a contractual regime supported by intellectual property considerations, the Academy has ensured that an Oscar cannot become an ordinary tradable asset. Soundarya Lakshmi K examines how the Academy’s famous “$1 rule” blurs the boundaries between contract, property, and IP law, while also questioning whether Indian courts would uphold similar restrictions on ownership and transfer. Soundarya Lakshmi is a PhD Research Scholar at […]
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