To be fair to Cliffy, he's right that RAP is about more than vesting.  For example, if Adam Yauch conveyed his home to his heirs, "so long as it is used for a snowboarding park, and if not to Mike D's heirs" there is no problem about knowing who things are vesting to but there is still a RAP problem under common law…

To be fair to Cliffy, he's right that RAP is about more than vesting.  For example, if Adam Yauch conveyed his home to his heirs, "so long as it is used for a snowboarding park, and if not to Mike D's heirs" there is no problem about knowing who things are vesting to but there is still a RAP problem under common law…

Just place the property in a perpetual trust state like Delaware and avoid any of these issues.

Just place the property in a perpetual trust state like Delaware and avoid any of these issues.

That's not how R.A.P. works.  As long as the property (and I'm not sure I've ever heard of R.A.P. being applied to intellectual property or a personal image) vests (i.e. is owned by someone) within 21 years of a life in being that's fine.  The real property analogy would be to a restrictive covenant of some sort,…

That's not how R.A.P. works.  As long as the property (and I'm not sure I've ever heard of R.A.P. being applied to intellectual property or a personal image) vests (i.e. is owned by someone) within 21 years of a life in being that's fine.  The real property analogy would be to a restrictive covenant of some sort,…

I'm hoping that write-up also includes a three-eyed turtle reference (you don't know how long I've been waiting for my three-eyed turtle notification to finally pay off).

I'm hoping that write-up also includes a three-eyed turtle reference (you don't know how long I've been waiting for my three-eyed turtle notification to finally pay off).

Better than Man-E-Feces

Better than Man-E-Feces

Somebody has to be assigned the right initially.  For any negotiations to take place the fishermen would have to possess the initial property right.

Somebody has to be assigned the right initially.  For any negotiations to take place the fishermen would have to possess the initial property right.

I miss the Pleistocene when most people were naked.

With the still from that video this must easily be Brett Ratner's (and Justin Bieber's ) favorite newswire update.

With the still from that video this must easily be Brett Ratner's (and Justin Bieber's ) favorite newswire update.

There is no way to have a reasonable discussion about this.

There is no way to have a reasonable discussion about this.

I'll admit, it's a weird title, but a Paul Thomas Anderson Doctor Who movie?  Sign me up!

I'll admit, it's a weird title, but a Paul Thomas Anderson Doctor Who movie?  Sign me up!

How easy is it to be a movie company executive at this point?  You basically go through lists of old movies to remake and occasionally buy the rights to a young adult novel or comic book.