This tends to disprove the economic value of future terms of copyright. Statutory terminations of transfers. The right to terminate a transfer does not apply to works made for hire. A work created by joint authorship may be terminated by a majority action of the interest holders. Effect of date of publication.
Termination relates to constitutional prohibition against perpetual copyrights.
Movement to relax formal requirements of renewal. Author's successors may have opportunity to create new license agreements with producers of subsequent derivative works. This may create second term bargaining problems. But note that automatic renewal does not affect license for derivative worked granted by the author in the initial term. The legislative intent of s304 is to protect creative talents.