WEBVTT 1 00:00:03.574 --> 00:00:09.855 WEBTOON Basics Copyright and Contracts for Webtoon Artists 2 00:00:09.855 --> 00:00:12.414 GCC Academy 3 00:00:24.480 --> 00:00:26.080 Webtoon artists 4 00:00:26.080 --> 00:00:29.360 and aspiring webtoon artists 5 00:00:29.360 --> 00:00:30.400 Hello 6 00:00:30.400 --> 00:00:33.480 I'm here today to explain 7 00:00:33.480 --> 00:00:37.400 the basics of copyright contracts related to webtoons 8 00:00:37.400 --> 00:00:39.000 I am attorney Kim Seong-joo 9 00:00:39.000 --> 00:00:40.560 Hello everyone 10 00:00:40.560 --> 00:00:42.160 Everyone 11 00:00:42.160 --> 00:00:46.320 Please take a look at the photo I'm showing you now 12 00:00:46.320 --> 00:00:49.759 This is a picture of the warm-up exercises we must do 13 00:00:49.759 --> 00:00:51.959 before swimming 14 00:00:51.959 --> 00:00:55.000 Skipping warm-ups 15 00:00:55.000 --> 00:00:58.880 won't get you banned from the pool 16 00:00:58.880 --> 00:01:02.919 But entering the water without warming up 17 00:01:02.919 --> 00:01:05.480 can cause muscle cramps 18 00:01:05.480 --> 00:01:08.239 Hypothermia 19 00:01:08.239 --> 00:01:12.680 Or even serious conditions like cardiac arrest 20 00:01:12.680 --> 00:01:16.239 That's why swimming instructors always emphasize 21 00:01:16.239 --> 00:01:19.599 before getting into the water 22 00:01:19.599 --> 00:01:23.839 The content of today’s lecture 23 00:01:23.839 --> 00:01:26.559 can be seen as a warm-up exercise 24 00:01:26.559 --> 00:01:31.000 similar to the stretches you do before jumping into a swimming pool 25 00:01:31.000 --> 00:01:33.950 As you pursue a career 26 00:01:33.950 --> 00:01:36.360 as a webtoon artist 27 00:01:36.360 --> 00:01:39.000 You can still work 28 00:01:39.000 --> 00:01:41.760 without knowing these details 29 00:01:41.760 --> 00:01:44.839 However, to prevent potential issues that may arise 30 00:01:44.839 --> 00:01:47.400 Understanding at least 31 00:01:47.400 --> 00:01:49.959 the basic rights 32 00:01:49.959 --> 00:01:53.800 related to your creations is essential 33 00:01:53.800 --> 00:01:57.720 In June of this year, the Ministry of Culture, Sports, and Tourism 34 00:01:57.720 --> 00:02:02.400 revised and published the standard contract for the comics and webtoon industry 35 00:02:02.400 --> 00:02:04.879 To make these revisions 36 00:02:04.879 --> 00:02:08.329 Creators, business operators, and legal professionals 37 00:02:08.329 --> 00:02:10.033 in the field came together 38 00:02:10.033 --> 00:02:13.000 Putting their heads together and working hard 39 00:02:13.000 --> 00:02:16.479 Since this contract was carefully crafted with great effort 40 00:02:16.479 --> 00:02:19.479 I’ll explain its key terms 41 00:02:19.479 --> 00:02:21.639 and essential articles 42 00:02:21.639 --> 00:02:24.800 in today’s lecture 43 00:02:24.800 --> 00:02:26.600 The revised standard contracts 44 00:02:26.600 --> 00:02:29.479 are divided into eight main types 45 00:02:29.479 --> 00:02:33.639 These include: Publishing Rights Agreement 46 00:02:33.639 --> 00:02:36.199 E-Book Publishing Agreement 47 00:02:36.199 --> 00:02:38.240 Webtoon Serialization Agreement 48 00:02:38.240 --> 00:02:41.399 Comic Copyright Agency Agreement 49 00:02:41.399 --> 00:02:43.960 Co-Author Agreement 50 00:02:43.960 --> 00:02:46.199 Project-Based Comic Agreement 51 00:02:46.199 --> 00:02:50.080 Secondary Work License Agreement 52 00:02:50.080 --> 00:02:52.559 Secondary Work Transfer Agreement 53 00:02:52.559 --> 00:02:54.600 There are these eight contracts 54 00:02:54.600 --> 00:02:58.800 I’d like to discuss each of these contracts in detail 55 00:02:58.800 --> 00:03:02.279 Unfortunately, the time for this lecture 56 00:03:02.279 --> 00:03:05.240 is a bit too limited for that 57 00:03:05.240 --> 00:03:09.600 Instead, I’ll focus on 58 00:03:09.600 --> 00:03:13.000 the common and essential articles 59 00:03:13.000 --> 00:03:16.559 you need to be aware of 60 00:03:16.559 --> 00:03:18.600 after debuting as a webtoon artist 61 00:03:18.600 --> 00:03:20.720 Let’s get started 62 00:03:21.503 --> 00:03:25.305 Author and Copyright Holder 63 00:03:25.720 --> 00:03:27.559 Everyone, first 64 00:03:27.559 --> 00:03:30.880 One key legal term runs through all the revised standard contracts 65 00:03:30.880 --> 00:03:33.559 we mentioned earlier 66 00:03:33.559 --> 00:03:36.080 It’s a term that every webtoon artist 67 00:03:36.080 --> 00:03:38.600 must understand 68 00:03:38.600 --> 00:03:41.320 Copyright 69 00:03:41.320 --> 00:03:44.199 The contracts we’ll discuss today are 70 00:03:44.199 --> 00:03:48.960 defining how copyright is used, licensed 71 00:03:48.960 --> 00:03:50.960 transferred, or shared 72 00:03:50.960 --> 00:03:54.240 These are contracts that determine these things 73 00:03:54.240 --> 00:03:57.199 Now, we need to understand the basic concept 74 00:03:57.199 --> 00:04:01.000 related to copyright 75 00:04:01.000 --> 00:04:05.600 First, there is the concept of a Work 76 00:04:05.600 --> 00:04:09.520 In Korea, we have the Copyright Act 77 00:04:09.520 --> 00:04:13.279 which defines what constitutes a work 78 00:04:13.320 --> 00:04:15.520 This law defines a work as 79 00:04:15.520 --> 00:04:20.679 A creative production that expresses human thoughts and emotions 80 00:04:20.679 --> 00:04:22.440 It's written like this 81 00:04:22.440 --> 00:04:27.480 First, humans are the creators of works 82 00:04:27.480 --> 00:04:31.320 Second, the work must be related to thoughts conceived by the mind 83 00:04:31.320 --> 00:04:36.160 and emotions felt by the heart 84 00:04:36.160 --> 00:04:38.480 Third, and most importantly 85 00:04:38.480 --> 00:04:43.640 These thoughts and emotions must be expressed 86 00:04:43.640 --> 00:04:45.559 Now, if you keep your thoughts and feelings to yourself 87 00:04:45.559 --> 00:04:48.239 without expressing them 88 00:04:48.239 --> 00:04:50.640 Can they be considered work? 89 00:04:50.640 --> 00:04:53.519 The answer is no 90 00:04:53.519 --> 00:04:56.239 Therefore, when and how you 91 00:04:56.239 --> 00:04:59.200 express your thoughts and emotions 92 00:04:59.200 --> 00:05:01.799 becomes a key factor in determining 93 00:05:01.799 --> 00:05:04.600 whether something qualifies as a work 94 00:05:04.600 --> 00:05:08.399 So, what is an Author? 95 00:05:08.399 --> 00:05:09.839 An author refers to 96 00:05:09.839 --> 00:05:14.720 the person who creates a work 97 00:05:14.720 --> 00:05:18.359 Since a human must create a work 98 00:05:18.359 --> 00:05:24.519 The author is naturally the human who created the work 99 00:05:24.519 --> 00:05:25.212 Now 100 00:05:25.212 --> 00:05:30.119 These days, creative work using artificial intelligence is rising 101 00:05:30.119 --> 00:05:33.640 Let me ask you a question 102 00:05:33.640 --> 00:05:37.640 You know, AI, artificial intelligence is so famous 103 00:05:37.640 --> 00:05:39.799 Can an artwork created by AI 104 00:05:39.799 --> 00:05:42.619 be considered a work under copyright law? 105 00:05:44.509 --> 00:05:46.720 As I mentioned earlier 106 00:05:46.720 --> 00:05:49.200 humans must make creative works 107 00:05:49.200 --> 00:05:51.799 to be considered a work 108 00:05:51.799 --> 00:05:55.640 Therefore, even if an AI-generated piece shows creativity 109 00:05:55.640 --> 00:06:00.519 It is difficult to recognize it as a work under current copyright law 110 00:06:00.519 --> 00:06:05.799 So, what is Copyright? 111 00:06:05.799 --> 00:06:09.079 Copyright refers to 112 00:06:09.079 --> 00:06:13.679 the exclusive personal and property right of an author to use their work 113 00:06:13.679 --> 00:06:16.285 Or to authorize, license 114 00:06:16.285 --> 00:06:20.389 or transfer its use to others 115 00:06:20.389 --> 00:06:23.959 This is what we call as copyright 116 00:06:23.959 --> 00:06:26.519 In Korea 117 00:06:26.519 --> 00:06:30.760 The Copyright Act protects these rights 118 00:06:30.760 --> 00:06:33.760 The comics and webtoons you create 119 00:06:33.760 --> 00:06:39.200 express your thoughts and emotions through text and illustrations 120 00:06:39.200 --> 00:06:43.320 Therefore, comics and webtoons are considered works 121 00:06:43.320 --> 00:06:46.679 These works are protected and utilized 122 00:06:46.679 --> 00:06:48.600 through the rights granted by the copyright 123 00:06:48.600 --> 00:06:51.760 You can understand it this way 124 00:06:51.760 --> 00:06:54.519 Let’s dive deeper 125 00:06:54.519 --> 00:06:57.079 Let's look at the Webtoon Serialization Agreement 126 00:06:57.079 --> 00:07:00.399 from the standard contracts 127 00:07:00.399 --> 00:07:02.920 One important term 128 00:07:02.920 --> 00:07:06.839 that appears in this agreement is Exclusive Publication Right 129 00:07:06.839 --> 00:07:10.279 First, let’s break down the meaning of "exclusive" 130 00:07:10.279 --> 00:07:14.359 This means that no one can use copyrighted work 131 00:07:14.359 --> 00:07:17.399 without permission 132 00:07:17.399 --> 00:07:21.320 from the rights holder 133 00:07:21.320 --> 00:07:24.799 The Publishing Agreement in the standard contract 134 00:07:24.799 --> 00:07:28.399 explains what exclusive rights mean 135 00:07:28.399 --> 00:07:32.480 According to the standard contract, when a copyright holder 136 00:07:32.480 --> 00:07:36.160 grants publication rights to a publisher 137 00:07:36.160 --> 00:07:39.660 Even the copyright holders 138 00:07:39.660 --> 00:07:41.441 cannot publish 139 00:07:41.441 --> 00:07:44.279 the same or a similar work 140 00:07:44.279 --> 00:07:47.600 independently 141 00:07:47.600 --> 00:07:50.760 or through a third party 142 00:07:50.760 --> 00:07:54.399 This is because the publisher has already granted 143 00:07:54.399 --> 00:07:57.959 exclusive publication rights 144 00:07:57.959 --> 00:08:01.799 Once exclusive rights are granted 145 00:08:01.799 --> 00:08:04.279 even the copyright holder cannot freely use the work 146 00:08:04.279 --> 00:08:07.320 making it a fairly strong legal right 147 00:08:07.320 --> 00:08:10.000 Therefore, from the copyright holder’s perspective 148 00:08:10.000 --> 00:08:13.467 It's crucial to carefully evaluate 149 00:08:13.467 --> 00:08:16.567 whether the publisher is 150 00:08:16.567 --> 00:08:19.440 trustworthy and reliable 151 00:08:19.440 --> 00:08:23.000 before signing such an agreement 152 00:08:23.000 --> 00:08:27.519 On the other hand, the publisher must fully understand the meaning of this right 153 00:08:27.519 --> 00:08:32.520 and ensure that the copyright holder doesn’t grant the same rights to a third party 154 00:08:32.520 --> 00:08:37.080 which could lead to legal disputes 155 00:08:37.080 --> 00:08:40.760 So, what is an Exclusive Publication Right? 156 00:08:40.760 --> 00:08:44.520 Simply put, it's the right for a business to 157 00:08:44.520 --> 00:08:47.000 serialize a webtoon on its platform 158 00:08:47.000 --> 00:08:51.200 While preventing the same webtoon from being serialized on other platforms 159 00:08:51.200 --> 00:08:53.806 You can understand it this way 160 00:08:53.806 --> 00:08:56.406 From the business's perspective, this can be considered 161 00:08:56.406 --> 00:08:59.159 a necessary contractual right 162 00:08:59.159 --> 00:09:03.400 However, granting exclusive publication rights 163 00:09:03.400 --> 00:09:06.440 isn't always required 164 00:09:06.440 --> 00:09:10.919 Let's consider non-exclusive serialization 165 00:09:10.919 --> 00:09:15.200 This allows a webtoon to be serialized 166 00:09:15.200 --> 00:09:19.707 on multiple platforms simultaneously 167 00:09:19.707 --> 00:09:21.307 In such cases 168 00:09:21.307 --> 00:09:25.000 Granting exclusive publication rights would be inappropriate 169 00:09:25.000 --> 00:09:26.500 Instead, the appropriate right to grant would be 170 00:09:26.500 --> 00:09:30.559 the Non-Exclusive Reproduction and Transmission Right 171 00:09:30.559 --> 00:09:33.320 One of the revised standard contracts 172 00:09:33.320 --> 00:09:37.400 is the Co-Author Agreement 173 00:09:37.400 --> 00:09:39.520 This contract is used 174 00:09:39.520 --> 00:09:42.760 when multiple creators 175 00:09:42.760 --> 00:09:46.599 collaborate to produce a comic or webtoon 176 00:09:46.599 --> 00:09:49.520 In the past, a single creator 177 00:09:49.520 --> 00:09:54.320 often handled both writing and illustrating 178 00:09:54.320 --> 00:09:56.937 However, the webtoon production process 179 00:09:56.937 --> 00:10:01.280 has become increasingly specialized 180 00:10:01.280 --> 00:10:06.280 So, the roles of writers and illustrators are divided 181 00:10:06.280 --> 00:10:12.239 In some cases, handling storyboarding, backgrounds, and coloring 182 00:10:12.239 --> 00:10:15.559 The process becomes even more specialized 183 00:10:15.559 --> 00:10:19.520 when making a work 184 00:10:19.520 --> 00:10:21.440 The Co-Author Agreement 185 00:10:21.440 --> 00:10:25.239 is intended for creators 186 00:10:25.239 --> 00:10:29.119 working in this collaborative webtoon production system 187 00:10:29.119 --> 00:10:33.119 Interestingly, the Co-Author Agreement 188 00:10:33.119 --> 00:10:36.119 is unique in that it uses the term Author 189 00:10:36.119 --> 00:10:39.882 unlike other standard contracts 190 00:10:39.882 --> 00:10:43.080 It’s the same term we explained earlier 191 00:10:43.080 --> 00:10:46.479 when explaining the concept of copyright 192 00:10:46.479 --> 00:10:50.039 Interestingly, standard contracts 193 00:10:50.039 --> 00:10:54.679 such as the Webtoon Serialization Agreement, Copyright Agency Agreement 194 00:10:54.679 --> 00:10:58.400 and Publishing Rights Agreement 195 00:10:58.400 --> 00:11:02.239 all use the term Copyright Holder 196 00:11:02.239 --> 00:11:05.543 In contrast, the Co-Author Agreement 197 00:11:05.543 --> 00:11:09.159 explicitly uses the term Author 198 00:11:09.159 --> 00:11:12.200 Why is that? 199 00:11:12.200 --> 00:11:16.239 As explained earlier, an Author 200 00:11:16.239 --> 00:11:19.320 refers to the person who creates the work 201 00:11:19.320 --> 00:11:22.280 For example, someone who draws a comic by hand 202 00:11:22.280 --> 00:11:26.119 In this context, many of you listening to this lecture 203 00:11:26.119 --> 00:11:30.359 would be considered authors of your works 204 00:11:30.359 --> 00:11:35.479 In contrast, a Copyright Holder is the person who owns the copyright 205 00:11:35.479 --> 00:11:40.559 Copyright refers to the personal and property rights 206 00:11:40.559 --> 00:11:42.520 that allow the author 207 00:11:42.520 --> 00:11:44.799 to use their work 208 00:11:44.799 --> 00:11:47.080 or authorize others to use it exclusively 209 00:11:47.080 --> 00:11:49.760 I mentioned it earlier 210 00:11:49.760 --> 00:11:52.119 Those who hold these rights 211 00:11:52.119 --> 00:11:55.520 are called copyright holders 212 00:11:55.520 --> 00:12:01.200 Copyright is divided into Moral Rights and Economic Rights 213 00:12:01.200 --> 00:12:04.159 According to the Copyright Act 214 00:12:04.159 --> 00:12:07.359 Economic Rights can be transferred 215 00:12:07.359 --> 00:12:09.080 in whole or part 216 00:12:09.080 --> 00:12:15.559 This means that economic rights are not exclusively reserved for the author 217 00:12:15.559 --> 00:12:20.000 If these rights are transferred 218 00:12:20.000 --> 00:12:24.350 the recipient becomes the work's 219 00:12:24.350 --> 00:12:26.320 Copyright Holder 220 00:12:26.320 --> 00:12:28.119 Some of you 221 00:12:28.119 --> 00:12:31.880 may serialize your creations on a platform 222 00:12:31.880 --> 00:12:35.320 as independent webtoon artists 223 00:12:35.320 --> 00:12:38.520 Others may prefer working at a studio or company 224 00:12:38.520 --> 00:12:42.719 creating webtoons as a team 225 00:12:42.719 --> 00:12:45.559 There’s no definitive answer as to 226 00:12:45.559 --> 00:12:47.559 which is better or more advantageous 227 00:12:47.559 --> 00:12:50.080 As various creative environments have emerged in the webtoon industry 228 00:12:50.080 --> 00:12:53.760 Not only the model where a single creator handles both writing and illustrating 229 00:12:53.760 --> 00:12:56.640 for platform serialization 230 00:12:56.640 --> 00:13:01.280 But also a division of labor across different stages of webtoon creation 231 00:13:01.280 --> 00:13:05.359 and employment at studios that plan and produce webtoons 232 00:13:05.359 --> 00:13:10.080 while providing creators with a salary 233 00:13:10.080 --> 00:13:12.159 The Copyright Act defines 234 00:13:12.159 --> 00:13:15.379 the concept of Work Made for Hire 235 00:13:15.379 --> 00:13:18.840 to determine who holds the rights 236 00:13:18.840 --> 00:13:22.200 to work created within a company 237 00:13:22.200 --> 00:13:24.599 Let’s take a quick look at the Copyright Act 238 00:13:24.599 --> 00:13:28.520 According to Article 2, Section 31 of the Copyright Act 239 00:13:28.520 --> 00:13:33.880 A work made for hire refers to a work created by an individual engaged 240 00:13:33.880 --> 00:13:36.280 in the business of a corporation, organization, or other employer 241 00:13:36.280 --> 00:13:40.080 under its planning and direction 242 00:13:40.080 --> 00:13:42.119 In simpler terms 243 00:13:42.119 --> 00:13:46.280 If a creator employed by a company receives a salary 244 00:13:46.280 --> 00:13:48.640 and produces creative work 245 00:13:48.640 --> 00:13:52.320 that work is considered a Work Made for Hire 246 00:13:52.320 --> 00:13:55.270 So, who is considered the author 247 00:13:55.270 --> 00:13:57.119 of a Work Made for Hire? 248 00:13:57.119 --> 00:13:59.269 Article 9 of the Copyright Act 249 00:13:59.269 --> 00:14:01.520 provides the answer 250 00:14:01.520 --> 00:14:06.359 It states that if a work made for hire is published under the name of a corporation or organization 251 00:14:06.359 --> 00:14:10.679 The corporation or organization becomes the author 252 00:14:10.679 --> 00:14:14.719 unless otherwise specified by a contract or employment rules 253 00:14:14.719 --> 00:14:17.880 In other words, unless specified 254 00:14:17.880 --> 00:14:21.480 Te copyright for works created by creators 255 00:14:21.480 --> 00:14:23.440 employed by a company or studio 256 00:14:23.440 --> 00:14:27.119 belongs to the company or studio 257 00:14:27.119 --> 00:14:32.760 Does this necessarily disadvantage creators? 258 00:14:32.760 --> 00:14:35.400 Not necessarily 259 00:14:35.400 --> 00:14:37.760 According to artists' tendency 260 00:14:37.760 --> 00:14:42.679 Some may prefer working for a company, receiving a stable salary 261 00:14:42.679 --> 00:14:46.840 social insurance, paid leave 262 00:14:46.840 --> 00:14:49.359 and severance benefits 263 00:14:49.359 --> 00:14:51.479 On the other hand, some may 264 00:14:51.479 --> 00:14:56.000 choose to work independently, create works on their own 265 00:14:56.000 --> 00:14:58.800 and enter contracts with companies for serialization 266 00:14:58.800 --> 00:15:02.280 and revenue sharing 267 00:15:02.280 --> 00:15:03.780 The important point is that 268 00:15:03.780 --> 00:15:08.722 who holds the copyright 269 00:15:08.722 --> 00:15:12.840 depends on the type of contract 270 00:15:12.840 --> 00:15:17.880 It’s crucial for creators to understand this clearly 271 00:15:17.880 --> 00:15:20.719 So far, we’ve covered the difference between Author and Copyright Holder 272 00:15:20.719 --> 00:15:25.119 and who owns the copyright in the case of 273 00:15:25.119 --> 00:15:26.960 Work Made for Hire 274 00:15:26.960 --> 00:15:28.840 Now, let’s move on to 275 00:15:28.840 --> 00:15:33.280 the concept of Co-Authors 276 00:15:33.280 --> 00:15:36.359 and closely examine the relevant contract terms 277 00:15:36.359 --> 00:15:41.080 Let me ask you a question 278 00:15:41.080 --> 00:15:46.520 Suppose someone approaches you after seeing a comic character you created and says 279 00:15:46.520 --> 00:15:47.970 I'd like to use 280 00:15:47.970 --> 00:15:51.679 this character for my business 281 00:15:51.679 --> 00:15:53.919 I believe I can make a lot of money with it 282 00:15:53.919 --> 00:15:55.640 If I use this character 283 00:15:55.640 --> 00:15:59.200 it will benefit you, too 284 00:15:59.200 --> 00:16:02.719 However, to run this business 285 00:16:02.719 --> 00:16:06.634 I need to be recognized as 286 00:16:06.634 --> 00:16:10.400 a legitimate rights holder of the character 287 00:16:10.400 --> 00:16:13.960 This person then asks 288 00:16:13.960 --> 00:16:16.679 to be registered as a co-author 289 00:16:16.679 --> 00:16:19.679 of your comic character 290 00:16:19.679 --> 00:16:24.359 How would you respond to such a request? 291 00:16:24.359 --> 00:16:30.039 First, we previously discussed what an Author is 292 00:16:30.039 --> 00:16:32.640 According to the explanation I provided earlier 293 00:16:32.640 --> 00:16:36.840 An author creates the work 294 00:16:36.840 --> 00:16:42.479 In this case, the person in question intends to commercialize a created character 295 00:16:42.479 --> 00:16:46.479 but did not create the character themselves 296 00:16:46.479 --> 00:16:50.479 Therefore, since they are not the author 297 00:16:50.479 --> 00:16:54.960 Their request to be registered as a co-author 298 00:16:54.960 --> 00:16:57.400 would be considered unjustified 299 00:16:57.781 --> 00:17:01.726 Derivative Works, Transfer, and Licensing 300 00:17:02.280 --> 00:17:04.760 The revised standard contracts have 301 00:17:04.760 --> 00:17:08.479 The Derivative Work License Agreement 302 00:17:08.479 --> 00:17:13.359 and the Derivative Work Transfer Agreement 303 00:17:13.359 --> 00:17:17.719 The comics and webtoons you create 304 00:17:17.719 --> 00:17:22.400 are no longer limited to their original forms 305 00:17:22.400 --> 00:17:24.459 Those works are 306 00:17:24.459 --> 00:17:28.319 serialized globally and translated 307 00:17:28.319 --> 00:17:31.069 and adapted into films 308 00:17:31.069 --> 00:17:35.880 dramas, plays, and musicals 309 00:17:35.880 --> 00:17:38.930 Under the Copyright Act 310 00:17:38.930 --> 00:17:42.560 such adaptations are referred to as Derivative Works 311 00:17:42.560 --> 00:17:44.640 Let’s take a look at the Copyright Act 312 00:17:44.640 --> 00:17:49.079 According to Article 5, a Derivative Work is 313 00:17:49.079 --> 00:17:55.000 defined as a creative work produced by translating, arranging, transforming, adapting, or producing a film 314 00:17:55.000 --> 00:17:58.280 or through other methods based on an origin 315 00:17:58.280 --> 00:18:00.079 It's prescribed like this 316 00:18:00.079 --> 00:18:03.279 The law also states that derivative works 317 00:18:03.279 --> 00:18:07.119 are independently protected from the original work 318 00:18:07.119 --> 00:18:10.640 These days, many movies and dramas 319 00:18:10.640 --> 00:18:13.290 are based on 320 00:18:13.290 --> 00:18:16.439 webtoon originals 321 00:18:16.439 --> 00:18:20.520 Some examples that come to mind include 322 00:18:20.520 --> 00:18:23.570 The dramas 'Misaeng' 323 00:18:23.570 --> 00:18:27.040 and 'Itaewon Class' 324 00:18:27.040 --> 00:18:31.760 And the film 'Along with the Gods' 325 00:18:31.760 --> 00:18:35.610 More recently, there was 326 00:18:35.610 --> 00:18:38.800 the OTT drama 'Moving' 327 00:18:38.800 --> 00:18:42.082 Even games are included 328 00:18:42.082 --> 00:18:44.839 For instance, the famous game 'Lineage' 329 00:18:44.839 --> 00:18:47.339 This is 330 00:18:47.339 --> 00:18:50.719 originally based on a comic 331 00:18:50.719 --> 00:18:55.040 In this way, comics and webtoons go beyond their original formats 332 00:18:55.040 --> 00:18:58.640 transforming into new types of content 333 00:18:58.640 --> 00:19:01.940 that attract a broader audience 334 00:19:01.940 --> 00:19:06.139 Movies, games, and dramas based on webtoons 335 00:19:06.139 --> 00:19:10.317 are the core focus of this session's contracts 336 00:19:10.317 --> 00:19:12.733 Derivative Works 337 00:19:12.733 --> 00:19:17.277 The right to create derivative works is called 338 00:19:17.277 --> 00:19:22.109 the Right of Derivative Work Creation 339 00:19:22.109 --> 00:19:26.000 The two standard contracts related to derivative works 340 00:19:26.000 --> 00:19:28.000 may seem similar 341 00:19:28.000 --> 00:19:31.802 but are distinctly different 342 00:19:31.802 --> 00:19:36.673 One is the Derivative Work License Agreement 343 00:19:36.673 --> 00:19:41.634 and the other is the Derivative Work Transfer Agreement 344 00:19:41.634 --> 00:19:44.683 Both deal with derivative works 345 00:19:44.683 --> 00:19:48.980 But one involves licensing, while the other involves transferring rights 346 00:19:48.980 --> 00:19:53.841 What are the differences between these two? 347 00:19:53.841 --> 00:19:58.366 Understanding the difference between licensing and transferring is crucial 348 00:19:58.366 --> 00:20:04.406 The terms are quite self-explanatory 349 00:20:04.406 --> 00:20:08.000 Let’s start with Transfer 350 00:20:08.000 --> 00:20:11.881 Transfer means handing over 351 00:20:11.881 --> 00:20:15.297 The ownership of the rights 352 00:20:15.297 --> 00:20:18.228 completely shifts to the other party 353 00:20:18.228 --> 00:20:23.723 If you transfer your copyright, you are no longer the rights holder 354 00:20:23.723 --> 00:20:26.772 The recipient becomes the new copyright holder 355 00:20:26.772 --> 00:20:29.122 On the other hand, Licensing 356 00:20:29.122 --> 00:20:34.178 means granting permission 357 00:20:34.178 --> 00:20:38.188 The rights holder allows the other party 358 00:20:38.188 --> 00:20:42.970 to use the work under specific conditions while retaining ownership of the rights 359 00:20:42.970 --> 00:20:44.643 In this case 360 00:20:44.643 --> 00:20:48.822 The licensee is only authorized to use the work 361 00:20:48.822 --> 00:20:53.010 while the rights holder remains the original owner 362 00:20:53.010 --> 00:20:55.160 I often compare this 363 00:20:55.160 --> 00:20:58.228 to real estate contracts for easier understanding 364 00:20:58.228 --> 00:21:01.822 Transfer is like selling a property 365 00:21:01.822 --> 00:21:06.000 While Licensing is similar to renting or leasing a property 366 00:21:06.000 --> 00:21:08.550 This analogy might help you 367 00:21:08.550 --> 00:21:10.693 grasp the concept more quickly 368 00:21:10.693 --> 00:21:14.772 The distinction becomes clear when looking at the standard contracts 369 00:21:14.772 --> 00:21:19.148 The License Agreement is labeled 370 00:21:19.148 --> 00:21:21.000 "License for the Right to Create Derivative Works" 371 00:21:21.000 --> 00:21:24.700 The Transfer Agreement is labeled 372 00:21:24.700 --> 00:21:26.653 "Transfer of the Right to Create Derivative Works" 373 00:21:26.653 --> 00:21:30.000 Since the terms are differentiated 374 00:21:30.000 --> 00:21:32.300 When using standard contracts 375 00:21:32.300 --> 00:21:35.436 There's little room for misunderstanding 376 00:21:35.436 --> 00:21:38.986 As long as you understand the concepts of licensing and transfer 377 00:21:38.986 --> 00:21:41.465 that I just explained 378 00:21:41.465 --> 00:21:43.560 However, everyone 379 00:21:43.560 --> 00:21:48.000 using the standard contract is not mandatory 380 00:21:48.000 --> 00:21:50.600 So, if you enter into a contract 381 00:21:50.600 --> 00:21:53.703 with a company that doesn’t use it 382 00:21:53.703 --> 00:21:59.475 You might encounter agreements where terms like 383 00:21:59.475 --> 00:22:02.792 License or Transfer are not clearly specified 384 00:22:02.792 --> 00:22:05.500 In such cases 385 00:22:05.500 --> 00:22:09.148 How can you tell the difference between the two? 386 00:22:09.148 --> 00:22:12.000 From my experience reviewing various contracts 387 00:22:12.000 --> 00:22:14.990 When you look at contracts 388 00:22:15.228 --> 00:22:19.228 You'll often see terms like "Assignment of Rights" 389 00:22:19.228 --> 00:22:22.416 If you come across this phrase 390 00:22:22.416 --> 00:22:26.505 It typically indicates Transfer 391 00:22:26.505 --> 00:22:28.555 As "assignment" 392 00:22:28.555 --> 00:22:32.505 implies that the rights 393 00:22:32.505 --> 00:22:36.168 fully belong to someone else 394 00:22:36.168 --> 00:22:38.618 On the other hand 395 00:22:38.618 --> 00:22:43.020 terms like "Grant of Rights" are commonly used, too 396 00:22:43.020 --> 00:22:45.465 This phrase likely indicates 397 00:22:45.465 --> 00:22:49.683 Licensing 398 00:22:49.683 --> 00:22:55.436 As "granting" means allowing someone 399 00:22:55.436 --> 00:22:58.782 to use the rights 400 00:22:58.782 --> 00:23:03.336 So, what’s the best approach? 401 00:23:03.336 --> 00:23:06.327 Don’t struggle alone 402 00:23:06.327 --> 00:23:08.297 Just ask 403 00:23:08.297 --> 00:23:12.881 Directly ask the other party presenting the contract 404 00:23:12.881 --> 00:23:18.000 Is this a license agreement 405 00:23:18.000 --> 00:23:20.643 or a transfer agreement? 406 00:23:20.643 --> 00:23:22.376 Being straightforward 407 00:23:22.376 --> 00:23:26.445 and getting a clear answer is the simplest way 408 00:23:26.445 --> 00:23:30.000 Then, consult a professional 409 00:23:30.000 --> 00:23:34.000 By combining the other party’s response with a legal expert’s interpretation 410 00:23:34.000 --> 00:23:37.376 You'll hardly ever be confused about 411 00:23:37.376 --> 00:23:41.129 whether the contract involves 412 00:23:41.129 --> 00:23:44.000 licensing or transfer of copyright 413 00:23:44.314 --> 00:23:48.264 Contract Cancellation and Termination 414 00:23:49.000 --> 00:23:52.549 Let’s look at the provisions related to 415 00:23:52.549 --> 00:23:55.168 Contract Cancellation and Termination 416 00:23:55.168 --> 00:23:58.000 Conflicts can arise at any stage 417 00:23:58.000 --> 00:24:01.000 of the contract process 418 00:24:01.000 --> 00:24:04.750 Disagreements may occur if one party 419 00:24:04.750 --> 00:24:07.109 fails to fulfill the agreed terms 420 00:24:07.109 --> 00:24:09.809 or there are misunderstandings 421 00:24:09.809 --> 00:24:12.297 about mutual obligations 422 00:24:12.297 --> 00:24:17.574 Unfortunately, these conflicts can sometimes 423 00:24:17.574 --> 00:24:23.000 lead to the premature end of a contract 424 00:24:23.000 --> 00:24:27.238 While such situations should be avoided whenever possible 425 00:24:27.238 --> 00:24:30.911 They are not uncommon 426 00:24:30.911 --> 00:24:33.109 The provisions you see here 427 00:24:33.109 --> 00:24:38.000 outline the criteria and conditions for ending the contract 428 00:24:38.000 --> 00:24:41.555 when both parties must part ways before fulfilling their obligations 429 00:24:41.555 --> 00:24:46.792 This is the Contract Termination or Cancellation article 430 00:24:46.792 --> 00:24:49.336 Termination and Cancellation 431 00:24:49.336 --> 00:24:52.832 It's a subtle difference 432 00:24:52.832 --> 00:24:58.673 What is the difference between termination and cancellation? 433 00:24:58.673 --> 00:25:01.873 Comparing these concepts 434 00:25:01.873 --> 00:25:04.515 to a breakup is 435 00:25:04.515 --> 00:25:06.544 the most intuitive explanation 436 00:25:06.544 --> 00:25:09.871 Both involve ending a relationship 437 00:25:09.871 --> 00:25:12.861 But if we compare it to marriage 438 00:25:12.861 --> 00:25:16.161 Cancellation is like annulment 439 00:25:16.161 --> 00:25:20.317 You can see like that 440 00:25:20.317 --> 00:25:23.017 Meaning the marriage 441 00:25:23.017 --> 00:25:25.812 is considered invalid from the start 442 00:25:25.812 --> 00:25:29.337 It’s as if the relationship never existed 443 00:25:29.337 --> 00:25:33.178 so the parties have no ongoing obligations 444 00:25:33.178 --> 00:25:38.257 However, if something has already been exchanged 445 00:25:38.257 --> 00:25:42.851 both parties must restore things to their original state 446 00:25:42.851 --> 00:25:46.475 For example, if a Derivative Work Creation Agreement 447 00:25:46.475 --> 00:25:49.436 was canceled 448 00:25:49.436 --> 00:25:51.836 The creator must return 449 00:25:51.836 --> 00:25:54.624 any payments 450 00:25:54.624 --> 00:25:58.257 received from the company 451 00:25:58.257 --> 00:26:02.485 Similarly, the company must return the original manuscript or any related materials 452 00:26:02.485 --> 00:26:05.129 received from the creator 453 00:26:05.129 --> 00:26:09.198 If the company had business plans for the derivative work 454 00:26:09.198 --> 00:26:12.832 Those plans must also be withdrawn 455 00:26:12.832 --> 00:26:15.653 Then, what is termination? 456 00:26:15.653 --> 00:26:18.753 Termination is like a divorce 457 00:26:18.753 --> 00:26:20.153 in a marriage 458 00:26:20.153 --> 00:26:23.000 You can understand it this way 459 00:26:23.000 --> 00:26:25.700 The couple had already held a wedding 460 00:26:25.700 --> 00:26:28.000 Made promises 461 00:26:28.000 --> 00:26:30.750 Moved in together 462 00:26:30.750 --> 00:26:33.000 and maybe even had children 463 00:26:33.000 --> 00:26:35.050 However, they might decide to part ways 464 00:26:35.050 --> 00:26:38.000 if things don't work out 465 00:26:38.000 --> 00:26:41.000 But does divorce 466 00:26:41.000 --> 00:26:44.150 erase everything that happened 467 00:26:44.150 --> 00:26:46.000 during the marriage? 468 00:26:46.000 --> 00:26:48.000 No, it doesn't 469 00:26:48.000 --> 00:26:50.600 For example, if they bought a house together 470 00:26:50.600 --> 00:26:54.000 They need to decide how to split or manage it 471 00:26:54.000 --> 00:26:56.297 If they have children 472 00:26:56.297 --> 00:26:58.347 They must agree on custody 473 00:26:58.347 --> 00:27:01.554 and parenting arrangements moving forward 474 00:27:01.554 --> 00:27:04.208 Similarly, in a contract termination 475 00:27:04.208 --> 00:27:06.808 all rights and obligations 476 00:27:06.808 --> 00:27:09.822 up until the termination remain valid 477 00:27:09.822 --> 00:27:12.584 They are not treated as if they never existed 478 00:27:12.584 --> 00:27:16.911 However, from the point of termination onward both parties are no longer bound 479 00:27:16.911 --> 00:27:21.535 and have no further obligations to each other 480 00:27:21.535 --> 00:27:23.685 Now that we understand the conceptual difference 481 00:27:23.685 --> 00:27:27.455 Let's examine the Cancellation and Termination articles 482 00:27:27.455 --> 00:27:29.605 The recently revised standard contracts 483 00:27:29.605 --> 00:27:34.366 all include these articles 484 00:27:34.366 --> 00:27:36.966 Because they are considered essential provisions 485 00:27:36.966 --> 00:27:39.673 in any contract 486 00:27:39.673 --> 00:27:42.323 However, neither cancellation nor termination 487 00:27:42.323 --> 00:27:45.762 can be done at will 488 00:27:45.762 --> 00:27:50.089 Can you break off a contract just because you don’t like how things are going? 489 00:27:50.089 --> 00:27:51.455 No 490 00:27:51.455 --> 00:27:54.655 Promises can’t be overturned 491 00:27:54.655 --> 00:27:57.010 as easily as flipping a coin 492 00:27:57.010 --> 00:28:01.327 That’s why, if you review the cancellation and termination articles 493 00:28:01.327 --> 00:28:05.614 You'll see that when one party is found to be in breach of contract 494 00:28:05.614 --> 00:28:07.714 The other party must set a specific period 495 00:28:07.714 --> 00:28:11.604 and formally request compliance with the contract terms 496 00:28:11.604 --> 00:28:14.654 Cancellation or termination becomes legally permissible 497 00:28:14.654 --> 00:28:18.138 if the breaching party 498 00:28:18.138 --> 00:28:23.277 fails to comply even after this request 499 00:28:23.277 --> 00:28:26.455 According to the relevant provisions in the standard contract 500 00:28:26.455 --> 00:28:29.426 The party seeking cancellation or termination 501 00:28:29.426 --> 00:28:32.626 may do so before 502 00:28:32.626 --> 00:28:36.653 the contract is executed 503 00:28:36.653 --> 00:28:40.503 While only termination is allowed after 504 00:28:40.503 --> 00:28:42.000 the contract has commenced 505 00:28:42.000 --> 00:28:48.059 Why distinguish between before and after execution? 506 00:28:48.059 --> 00:28:53.535 This is due to the difference between cancellation and termination 507 00:28:53.535 --> 00:28:58.782 The contract can be terminated 508 00:28:58.782 --> 00:29:03.482 or canceled before execution since canceling it means voiding it 509 00:29:03.482 --> 00:29:07.000 as if it never existed 510 00:29:07.000 --> 00:29:11.812 However, after execution 511 00:29:11.812 --> 00:29:14.512 The contract has already taken effect 512 00:29:14.512 --> 00:29:18.089 And rights and obligations have been established 513 00:29:18.089 --> 00:29:23.148 Therefore, the contract structure is designed to prefer termination 514 00:29:23.148 --> 00:29:25.698 over cancellation 515 00:29:25.698 --> 00:29:28.445 after execution has begun 516 00:29:28.445 --> 00:29:32.178 Termination ends the contractual relationship moving forward 517 00:29:32.178 --> 00:29:36.406 even if rights and obligations have already been established 518 00:29:36.406 --> 00:29:40.306 Of course, cancellation is impossible after execution? 519 00:29:40.306 --> 00:29:42.148 No 520 00:29:42.148 --> 00:29:45.648 Under civil law and other relevant legal provisions 521 00:29:45.648 --> 00:29:48.663 cancellation can still be exercised 522 00:29:48.663 --> 00:29:51.863 Additionally, if both parties mutually agree 523 00:29:51.863 --> 00:29:56.940 the right of cancellation may be exercised even after the contract has commenced 524 00:29:56.940 --> 00:29:59.640 This shows that ending a contract 525 00:29:59.640 --> 00:30:01.931 is not something to be taken lightly 526 00:30:01.931 --> 00:30:05.980 The procedures and conditions involved can be quite complex 527 00:30:05.980 --> 00:30:08.871 The key takeaway is that 528 00:30:08.871 --> 00:30:11.471 Once a contract is signed, it is difficult to reverse 529 00:30:11.471 --> 00:30:15.000 or terminate halfway through 530 00:30:15.000 --> 00:30:16.366 Therefore 531 00:30:16.366 --> 00:30:19.525 It's essential to carefully review the standard contract terms 532 00:30:19.525 --> 00:30:25.307 and approach the contract process cautiously 533 00:30:25.307 --> 00:30:28.607 Confidentiality articles 534 00:30:28.607 --> 00:30:30.535 are commonly found in contracts 535 00:30:30.535 --> 00:30:34.535 Emphasizing the importance of keeping shared information 536 00:30:34.535 --> 00:30:38.772 private between the contracting parties 537 00:30:38.772 --> 00:30:42.574 Let's take a look at one thing 538 00:30:42.574 --> 00:30:45.614 The "Confidential" 539 00:30:45.614 --> 00:30:49.000 What exactly does "confidential" mean in this context? 540 00:30:49.000 --> 00:30:52.356 Is it as simple as saying 541 00:30:52.356 --> 00:30:56.356 "Shh, this is a secret"? 542 00:30:56.356 --> 00:30:58.634 No, it's not that straightforward 543 00:30:58.634 --> 00:31:02.634 According to the Supreme Court 544 00:31:02.634 --> 00:31:05.247 confidential information in a confidentiality article 545 00:31:05.247 --> 00:31:07.663 Refers to: 546 00:31:07.663 --> 00:31:11.113 Any information related to business activities that gains an advantage 547 00:31:11.113 --> 00:31:14.267 by not being disclosed to others 548 00:31:14.267 --> 00:31:17.247 The determination should be made carefully 549 00:31:17.247 --> 00:31:21.465 based on whether its disclosure 550 00:31:21.465 --> 00:31:24.317 would objectively hinder the fair conduct of business 551 00:31:24.317 --> 00:31:27.643 That's how the Supreme Court sees 552 00:31:27.643 --> 00:31:32.911 So, would contract terms that creators receive from companies 553 00:31:32.911 --> 00:31:37.368 Such as specific MG amounts 554 00:31:37.368 --> 00:31:39.541 or revenue-sharing ratios 555 00:31:39.541 --> 00:31:45.033 be considered confidential information? 556 00:31:45.033 --> 00:31:48.792 I believe there’s a high possibility they would 557 00:31:48.792 --> 00:31:53.099 Suppose one artist's MG is 1 million KRW 558 00:31:53.099 --> 00:31:56.099 while another's MG is 1.5 million KRW 559 00:31:56.099 --> 00:31:58.000 Let’s say such contracts exist 560 00:31:58.000 --> 00:32:01.366 If such contract terms were disclosed 561 00:32:01.366 --> 00:32:06.525 The company would be disadvantaged during negotiations 562 00:32:06.525 --> 00:32:09.775 However, if the company discloses such information 563 00:32:09.775 --> 00:32:12.277 through media or public announcements 564 00:32:12.277 --> 00:32:15.940 It likely wouldn’t be considered confidential 565 00:32:15.940 --> 00:32:19.297 But if artists share undisclosed terms 566 00:32:19.297 --> 00:32:23.802 on platforms like social media 567 00:32:23.802 --> 00:32:27.832 This could constitute a breach of confidentiality 568 00:32:27.832 --> 00:32:30.158 So, you should be careful 569 00:32:30.158 --> 00:32:36.594 However, consulting legal professionals, organizations 570 00:32:36.594 --> 00:32:39.525 or associations for legal advice 571 00:32:39.525 --> 00:32:43.455 or providing relevant information to investigative authorities 572 00:32:43.455 --> 00:32:45.653 during legal proceedings 573 00:32:45.653 --> 00:32:50.376 would be considered exceptions to confidentiality obligations 574 00:32:50.376 --> 00:32:53.673 Therefore, such actions would not be regarded 575 00:32:53.673 --> 00:32:57.544 as a breach of confidentiality 576 00:32:57.544 --> 00:33:01.257 The revised standard contracts clearly specify 577 00:33:01.257 --> 00:33:05.406 exceptions to confidentiality obligations 578 00:33:05.406 --> 00:33:09.317 is a notable feature 579 00:33:09.317 --> 00:33:13.238 We’ve now reviewed some key aspects 580 00:33:13.238 --> 00:33:16.584 of standard contracts and copyrights 581 00:33:16.584 --> 00:33:19.257 As I mentioned 582 00:33:19.257 --> 00:33:23.139 Understanding contracts and copyrights 583 00:33:23.139 --> 00:33:28.000 is like learning warm-up exercises 584 00:33:28.000 --> 00:33:31.416 I want to emphasize that 585 00:33:31.416 --> 00:33:35.148 knowing the key terms of contracts and understanding copyright 586 00:33:35.148 --> 00:33:38.000 is really crucial 587 00:33:38.000 --> 00:33:41.515 Does a lack of understanding of contract terms 588 00:33:41.515 --> 00:33:45.000 or copyright concepts 589 00:33:45.000 --> 00:33:47.604 mean you can’t sign a contract? 590 00:33:47.604 --> 00:33:50.000 No, it doesn't 591 00:33:50.000 --> 00:33:52.604 As adults 592 00:33:52.604 --> 00:33:56.297 You can enter contracts independently 593 00:33:56.297 --> 00:33:58.455 according to the law 594 00:33:58.455 --> 00:34:01.861 However, if you sign a contract 595 00:34:01.861 --> 00:34:04.000 without understanding its key terms 596 00:34:04.000 --> 00:34:07.653 or knowing its rights 597 00:34:07.653 --> 00:34:10.000 and obligation 598 00:34:10.000 --> 00:34:12.000 the likelihood of disputes 599 00:34:12.000 --> 00:34:15.832 or legal issues 600 00:34:15.832 --> 00:34:18.535 arising later significantly increases 601 00:34:18.535 --> 00:34:20.802 The revised standard contracts 602 00:34:20.802 --> 00:34:24.257 provide clear and detailed guidance 603 00:34:24.257 --> 00:34:26.436 on the essential preparations 604 00:34:26.436 --> 00:34:30.138 before starting webtoon creation 605 00:34:30.138 --> 00:34:34.920 I hope this lecture has helped you better understand 606 00:34:34.920 --> 00:34:38.356 copyright, content creation 607 00:34:38.356 --> 00:34:41.752 and webtoon contracts 608 00:34:41.752 --> 00:34:44.000 Thank you for listening until the end 609 00:34:45.101 --> 00:34:46.004 Author and Copyright Holder Concepts of Work, Author, and Copyright Work: A creative output that expresses human thoughts and emotions 610 00:34:46.004 --> 00:34:46.996 Author: The person who creates the work Copyright: The moral and economic rights that allow the creator of a work to exclusively use it or permit others to use, license, or transfer it 611 00:34:46.996 --> 00:34:48.029 Exclusive Publication Right The right of a platform operator to publish a webtoon exclusively on their platform prevents it from being published on other platforms Not applicable for multi-platform serialization 612 00:34:48.029 --> 00:34:48.998 Author vs. Copyright Holder Author is creator of the work and copyright holder owns rights Economic right isn't exclusive to author, transferable 613 00:34:48.998 --> 00:34:50.044 Work Made for Hire A work created by an employee under a company’s direction Unless specified otherwise, the company holds the copyright 614 00:34:50.044 --> 00:34:51.732 Derivative Works, Transfer, Licensing Derivative Work A creative work made by transforming based on original work The right to create derivative works 615 00:34:51.732 --> 00:34:53.382 Transfer & Licensing Transfer: Ownership of rights shifts to another party Licensing: Owner allows another party to use the rights under specific term 616 00:34:53.382 --> 00:34:55.024 The standard contract clearly distinguishes between the two terms If the contract’s terms are unclear, consult both the other party and legal experts 617 00:34:55.024 --> 00:34:56.742 Contract Cancellation vs. Termination Cancellation Treated as if the contract never existed If exchanges occur, both parties must restore 618 00:34:56.742 --> 00:34:58.392 Termination Rights and obligations remain valid up to the termination point No obligations exist after termination 619 00:34:58.392 --> 00:35:00.079 A party seeking cancellation or termination may cancel or terminate the contract before its execution, but only termination is allowed after execution