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<blockquote data-quote="Judge Bean" data-source="post: 11325" data-attributes="member: 42"><p><strong>Experience Based Advertising</strong></p><p></p><p>A foundation is a kind of hybrid between a business entity and a trust; it is used by nonprofit groups, and also as a way of bequeathing wealth to charity, but doesn't necessarily include that sort of philanthropy. It can be used to both collect money and distribute it, and also to "profit," if the acquired funds can be characterized as accrued to the good of the foundation and its purposes. </p><p></p><p>It is, basically, a framework for operations, and a kind of license, like incorporation, but must justify itself with a clear statement of purpose (not "to make money," but possibly "to make sure that orphans of timetravelers always have a home").</p><p></p><p>I don't have the Chart from the TEA Bible, but I'll wager it mentions the need to set up a trust, foundation, or other type of quasi-business organization in order to "develop the project."</p><p></p><p>I've forgotten to mention, also, that in the absence of federal copyright registration, the Titor story and the writings of Titor are not completely protected. If the claimed copyright is infringed, the foundation could file suit and register at that time, but this would require a public record of the right of the claimant to the copyright. That is, either the writer or someone empowered to represent his right would have to come forward. </p><p></p><p>This poses quite a problem, since "Titor" is a fake name. It is not possible to both continue to conceal true authorship and pursue your copyright claim, since anyone might claim to be the fictitious person. It is my guess that, in order to protect "their" copyright here, the foundation would have to reveal the true authors and hence the hoax, defeating their whole showbiz purpose.</p><p></p><p>Obviously something deleted from the TEA Bible? On the other hand, the foundation may have simply plucked the Titor material out of the open internet bin and decided to try to cash in on it, knowing that the story would have been debunked if anyone stepped forward to claim copyright.</p></blockquote><p></p>
[QUOTE="Judge Bean, post: 11325, member: 42"] [b]Experience Based Advertising[/b] A foundation is a kind of hybrid between a business entity and a trust; it is used by nonprofit groups, and also as a way of bequeathing wealth to charity, but doesn't necessarily include that sort of philanthropy. It can be used to both collect money and distribute it, and also to "profit," if the acquired funds can be characterized as accrued to the good of the foundation and its purposes. It is, basically, a framework for operations, and a kind of license, like incorporation, but must justify itself with a clear statement of purpose (not "to make money," but possibly "to make sure that orphans of timetravelers always have a home"). I don't have the Chart from the TEA Bible, but I'll wager it mentions the need to set up a trust, foundation, or other type of quasi-business organization in order to "develop the project." I've forgotten to mention, also, that in the absence of federal copyright registration, the Titor story and the writings of Titor are not completely protected. If the claimed copyright is infringed, the foundation could file suit and register at that time, but this would require a public record of the right of the claimant to the copyright. That is, either the writer or someone empowered to represent his right would have to come forward. This poses quite a problem, since "Titor" is a fake name. It is not possible to both continue to conceal true authorship and pursue your copyright claim, since anyone might claim to be the fictitious person. It is my guess that, in order to protect "their" copyright here, the foundation would have to reveal the true authors and hence the hoax, defeating their whole showbiz purpose. Obviously something deleted from the TEA Bible? On the other hand, the foundation may have simply plucked the Titor material out of the open internet bin and decided to try to cash in on it, knowing that the story would have been debunked if anyone stepped forward to claim copyright. [/QUOTE]
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