> I'm sure they'll be able to raise the money needed to pay off this lawsuit.
1) The relevant statute actually remits statutory damages for libraries.[1] Though this exception went untested because...
2) The parties negotiated a damages settlement between themselves before the trial court heard evidence and arguments on damages, but they agreed to let the summary judgment appeal go forth to establish firmer precedent.
[1] It's a qualified exception, but the IA was in a much better position in this regard than on the merits. And undoubtedly this limitation on damages figured into their original decision to test the waters.
Does "remits" mean reduces here, along the lines of https://en.wikipedia.org/wiki/Remittitur? It was an unfamiliar term to me and I'm not sure I've found the right meaning.
It means to refrain from exacting, which is one of the Merriam-Webster dictionary definitions. Here's the usage in context:
> [...] The court shall remit statutory damages in any case where an infringer believed and had reasonable grounds for believing that his or her use of the copyrighted work was a fair use under section 107, if the infringer was: (i) an employee or agent of a nonprofit educational institution, library, or archives acting within the scope of his or her employment who, or such institution, library, or archives itself, which infringed by reproducing the work in copies or phonorecords
1) The relevant statute actually remits statutory damages for libraries.[1] Though this exception went untested because...
2) The parties negotiated a damages settlement between themselves before the trial court heard evidence and arguments on damages, but they agreed to let the summary judgment appeal go forth to establish firmer precedent.
[1] It's a qualified exception, but the IA was in a much better position in this regard than on the merits. And undoubtedly this limitation on damages figured into their original decision to test the waters.