RA 02h 14m / DEC +12°
Perpetual
A grant whose horizon is set at infinity. Indefinite term, defined scope, with restitution clauses encoded in the agreement's sidereal time.
i. licenses
01
Licenses
Permissions plotted by their bounds — territory, term, transferability. Pick a star; read its declination.
RA 06h 02m / DEC +44°
Term
Bounded by sunrise and sunset of a calendar window. Auto-renewal flags ride alongside as small companion stars.
RA 10h 41m / DEC -08°
Royalty-bearing
Each use is metered. Rates and minima are coordinates within the license body; payment is the gravitational pull keeping holders in orbit.
RA 14h 18m / DEC +21°
Sublicensable
Light may be passed on. Sublicense paths are short trailing curves, each annotated with the original star's identifier.
RA 18h 56m / DEC -33°
Exclusive
A solitary star. No parallel grants in the same field; the territory is dark to all but the named holder.
ii. rights
02
Rights
The underlying figures whose light the licenses borrow. Catalogued, dated, and tied to the holder's ledger.
RA 21h 12m / DEC +56°
Authorship
The originating mark. A bright, fixed star whose attribution does not move with assignment of the work.
RA 23h 47m / DEC +08°
Reproduction
The right to fix copies in any chosen medium. Subdivides into facsimile, extract, and adaptation, each its own minor light.
RA 03h 22m / DEC -19°
Performance
The right to render the work in time. Public, broadcast, and live-stream variants are charted along an arc.
RA 07h 03m / DEC +31°
Adaptation
Permission to refigure, translate, or transpose. The original star remains; this is the corona that surrounds it.
RA 11h 38m / DEC -05°
Distribution
The carrying of copies into commerce. A long, low arc from inner system to the distant rim.
RA 16h 09m / DEC +49°
Moral
Inalienable attendant lights. Integrity and attribution remain in the author's field even when the economic rights drift.
iii. exchange
03
Exchange
The motions by which a right enters or leaves a holder's catalogue. Logged in sidereal order, sealed against the back-dating of stars.
EVT 0001 / OBS-04
Offer
The holder posts the chart of a single right with its lower bound for transfer. Visible to peers within the observatory.
EVT 0002 / OBS-04
Acceptance
A counterpart marks a reciprocal coordinate. Two stars approach the same elevation and brightness on the same night.
EVT 0003 / OBS-04
Settlement
Custody passes; consideration is logged. The arc between buyer and seller closes and is sealed with a meridian stamp.
EVT 0004 / OBS-04
Recordation
The new holder is inscribed into the registry. The right's ephemeris is amended; its old coordinates remain, struck through but readable.
EVT 0005 / OBS-04
Reversion
A right may return at the close of its term, like a comet on a slow ellipse. The original holder finds it back in their sky.
iv. ephemeris
04
Ephemeris
Recent transits across the observatory's field of view.
- 2026-04-30 22:14 ☉ Right of Reproduction sublicensed under perpetual terms; observed at meridian. EX-9F31
- 2026-04-29 03:42 ☀ Composite license Distribution + Adaptation assigned for a 24-month term. EX-9E08
- 2026-04-27 19:08 ☽ Reversion logged on a previously exclusive grant; right returned to original holder. EX-9D77
- 2026-04-25 11:53 ✶ New Performance right catalogued; live-broadcast variant flagged. EX-9C44
- 2026-04-23 06:21 ✿ Royalty-bearing license activated, minimum quarterly settlement set at 0.0042. EX-9B12