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Fair market value

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U.S. copyright law Edit

Fair market value (FMV) is "the price that a willing buyer and a willing seller would agree to in an arm’s length transaction,"[1] provided that both have access to sufficient information.

References Edit

  1. United States v. Broadcast Music, Inc., 316 F.3d 189, 194 (2d Cir. 2003)(full-text).

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