Recording - GMSLA Provision
2010 Global Master Securities Lending Agreement
Clause 25 in a Nutshell™
Use at your own risk, campers!
Full text of Clause 25
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Another one from the venerable tradition of things not needing saying that still routinely get said — contracts are the business of setting out:
- (i) what you must do but otherwise need not;
- (ii) what you must not do but otherwise could;
- (iii) what you may do, but otherwise could not.
Recording your own phone conversations meets none of those categories, though what with the current fashion for paternalistic privacy legislation, recording someone else’s speech does at least import some regulatory obligations for the collection and processing of that information, and come to think of it, you might be in breach of copyright otherwise — though none more so than if you took notes — and you would have a job articulating your damages in a statement of claim.