Right of Resale Under the Nigerian Copyright Act 2022: A Lifeline for Creatives
Caleb Oluwatosin ADEBAYO
Litigation | Sports Law | Data Privacy | Compliance | Entertainment Law | IP Law
Hello, dear readers. Trust you learnt from my last article? If you haven’t read it, this is the link UNDERSTANDING THE DICOTOMY: ATTRIBUTION AND AUTHORIZATION IN COPYRIGHT
?Today, I want to talk about something that affects creatives in the creative community—the right of resale under the Nigerian Copyright Act 2022. This provision is a significant step forward for artists, musicians, writers, and all creators in Nigeria. It offers a way to ensure that they continue to benefit from their works long after they have been sold. Come with me let’s explore how this right support creatives and why it matters so much.
Understanding the Right of Resale
The right of resale, often referred to as "droit de suite," allows creators to receive a percentage of the selling price each time their work is resold. This means that if your artwork or music gains value over time, you can still earn from it. Imagine selling a painting for ?100,000. Years later, it is resold for ?5, 000,000. Under the Nigerian Copyright Act, the artist is entitled to a percentage of that resale price. This can be a game-changer for many creatives.
Why does this right matters?
I am sure you will agree with me that many creatives in Nigeria struggle to make a living from their art. The right of resale provides a new way to generate income, helping them achieve financial stability. This is crucial, especially in Nigeria, where the creative economy is just starting to thrive but is often underappreciated. Creatives in Nigeria deserve recognition and support for their work, and this provision helps ensure that.
How the Right of Resale Works
Under Section 17 of the Nigerian Copyright Act 2022, artists can receive a percentage of the resale price whenever their work is sold again. Here are a few key points to keep in mind:
The Role of Collectors and Galleries
Collectors and galleries are crucial in this equation. Their cooperation ensures that artists receive their proper share. Open communication and transparent agreements can foster a healthy relationship that benefits everyone involved. As creatives, it’s essential to advocate for your rights and engage in these discussions actively.
The Impact on the Creative Community
The right of resale has the potential to transform lives, especially when the country is going through challenges in its economy. Let’s examine the potential impact this right can have on the creative community.
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CONCLUSION
While the right of resale is a significant advancement, challenges remain. Many artists may not know about their rights or how to enforce them. The art market in Nigeria is still developing, and there may be resistance from those unaccustomed to sharing proceeds with creators. To overcome this challenge, we need to raise awareness. Workshops and educational resources like this article can empower creatives to understand and assert their rights. Knowledge is power, and the more you know, the better you can protect your interests.
This is my quota to help creatives thrive in the market. I am dedicated to helping them with my voice until the world appreciate the works our Nigerian and African creatives are doing.
If you found this information helpful, I invite you to sign up for my newsletter. Together, we can build a stronger creative community in Nigeria, where every artist's contributions are celebrated. Join me on this journey, and let’s ensure that your voice is heard and valued. Thank you for reading, and let’s continue to support one another in our creative endeavours!
[1] Guide to the Copyright and related rights treaties administered by WIPO and glossary of Copyright and related rights terms pg 300
[2] Section 17 (1) Nigerian Copyright Act, 2022.
Law| Corporate Practice| ADR| Health Law
3 个月Very insightful ?? Thank you for this great piece?? We will continue to spread the word until creatives come to light of this development.
3D Artist || Metal Sculptor || 3D ANIMATION
3 个月Very informative