The exhaustion-of-rights doctrine states that once a good made or sold under license is in circulation, the licensor has no further right to control its distribution.

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The exhaustion-of-rights doctrine, also known as the first-sale doctrine, is a legal principle in copyright law that allows the purchaser of a lawful copy of a copyrighted work to sell, lend or otherwise dispose of that copy without the copyright owner's consent. Once a licensor has sold or transferred possession of a good made or sold under license, they lose the ability to control further distribution or resale of that item.

The Exhaustion-Of-Rights Doctrine States That Once a Good Made or Sold