Recapture or turnaround provision Definition | Legal Glossary | LexisNexis
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GLOSSARY

Recapture or turnaround provision definition

What does Recapture or turnaround provision mean?

‘Recapture’ specifies that a licence will expire and all rights automatically revert to the author/owner after a specified period if the producer has not by the end of that period carried out certain actions. ‘Turnaround’ gives the author/owner the right within a specified period to give notice to the producer requiring the producer to reassign certain rights in the project in return for the payment of certain sums of money.

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