OK, so I lied.
I have something to say here.

I decided to do some checking.
I think most will agree that Harvard University is a reliable source, if not, 
delete now.

Here is a section from their Office of General Council concerning the Fair Use 
of copyrighted material.  (in my opinion, this would cover personal use since 
it does not impact the copyright holder)

Fair Use of Copyrighted Material

What is "fair use"?

Fair use is the right to use a copyrighted work under certain conditions 
without permission of the copyright owner.  The doctrine helps prevent a rigid 
application of copyright law that would stifle the very creativity the law is 
designed to foster.  It allows one to use and build upon prior works in a 
manner that does not unfairly deprive prior copyright owners of the right to 
control and benefit from their works.  Together with other features of 
copyright law like the idea/expression dichotomy discussed above, fair use 
reconciles the copyright statute with the First Amendment.

What is the test for fair use?

The fair use defense is now codified in Section 107 of the Copyright Act.  The 
statutory formulation is intended to carry forward the fair use doctrine long 
recognized by the courts.  The statute provides that fair use of a work "for 
purposes such as criticism, comment, news reporting, teaching (including 
multiple copies for classroom use, scholarship, or research)" is not an 
infringement of copyright.  To determine whether a given use is fair use, the 
statute directs, one must consider the following four factors:

  *   the purpose and character of the use, including whether the use is of a 
commercial nature or is for nonprofit educational purposes;

  *   the nature of the copyrighted work;

  *   the amount and substantiality of the portion used in relation to the 
copyrighted work as a whole; and

  *   the effect of the use upon the potential market for or value of the 
copyrighted work.

These factors are not exclusive, but are the primary-and in many cases the 
only-factors courts examine.  The following questions consider each of these 
four factors in turn.

What considerations are relevant in applying the first fair use factor-the 
purpose and character of the use?

One important consideration is whether the use in question advances a socially 
beneficial activity like those listed in the statute: criticism, comment, news 
reporting, teaching, scholarship, or research.  Other important considerations 
are whether the use is commercial or noncommercial and whether the use is 
"transformative."

Noncommercial use is more likely to be deemed fair use than commercial use, and 
the statute expressly contrasts nonprofit educational purposes with commercial 
ones.  However, uses made at or by a nonprofit educational institution may be 
deemed commercial if they are profit-making.

In recent years, the courts have focused increasingly on whether the use in 
question is "transformative."  A work is transformative if, in the words of the 
Supreme Court, it "adds something new, with a further purpose or different 
character, altering the first with new expression, meaning or message."  Use of 
a quotation from an earlier work in a critical essay to illustrate the 
essayist's argument is a classic example of transformative use.  A use that 
supplants or substitutes for the original work is less likely to be deemed fair 
use than one that makes a new contribution and thus furthers the goal of 
copyright, to promote science and the arts.  To quote the Supreme Court again, 
transformative works "lie at the heart of the fair use doctrine's guarantee of 
breathing space within the confines of copyright."[1] 
<https://ogc.harvard.edu/#footnote1>

Courts have also recognized, however, that non-transformative uses may be 
socially beneficial, and that a use does not have to be transformative to 
support a finding of fair use.  The Supreme Court has cited reproduction of 
multiple copies for classroom distribution as the most obvious example of a 
non-transformative use that may be permitted as fair use in appropriate 
circumstances.  The Court's emphasis on whether a use is transformative, 
however, makes it difficult to know how to weigh uses that are for non-profit 
educational purposes but are also non-transformative.  In addition, it could be 
argued in some circumstances that verbatim copying of a work for classroom use 
is "transformative," in that (to quote from the Court's definition) the 
instructor is adding "something new, with a further purpose or different 
character, altering the first with new expression, meaning or message" in the 
course of presenting the material.

Other factors that sometimes weigh in the analysis of the first fair use factor 
include whether the use in question is a reasonable and customary practice and 
whether the putative fair user has acted in bad faith or denied credit to the 
author of the copyrighted work.

What considerations are relevant in applying the second fair use factor-the 
nature of the copyrighted work?

The two main considerations are whether the work is published or unpublished 
and how creative the work is.  Unpublished works are accorded more protection 
than published ones, as the author has a strong right to determine whether and 
when his or her work will be made public.  The fact that a previously published 
work is out of print may tend to favor fair use, since the work is not 
otherwise available.

Works that are factual and less creative are more susceptible of fair use than 
imaginative and highly creative works.  This is in keeping with the general 
principle that copyright protects expression rather than ideas or facts.

However, the second factor is typically the least important of the fair use 
factors.

What considerations are relevant in applying the third fair use factor-the 
amount and substantiality of the portion used in relation to the copyrighted 
work as a whole?

Courts have taken both a quantitative and a qualitative approach in assessing 
the impact on the fair use analysis of the amount and substantiality of the 
portion used.  What percentage of the original work has been used?  There are 
no bright lines, but the higher the percentage, the more likely this factor is 
to weigh against fair use.

Even if the percentage is fairly small, however, if the material used is 
qualitatively very important, this factor may weigh against fair use.  Thus, 
for example, in a case in which The Nation magazine published excerpts, 
totaling only 300-400 words of verbatim quotes, from Gerald Ford's forthcoming 
book-length memoir, the Supreme Court held that the third factor weighed 
against fair use, because the excerpts included Ford's discussion of his pardon 
of Nixon and other central passages that the court found to be the "heart" of 
the work.[2]<https://ogc.harvard.edu/#Footnote2>

Also important in applying the third factor is the nexus between the purpose of 
the fair use and the portion of the copyrighted work taken.  The extent of 
permissible copying varies with the purpose and character of the use.  Taking 
more of the copyrighted work than is necessary to accomplish the fair user's 
salutary purpose will weigh against fair use.  In some cases, the fact that the 
entire work-for example, an image-was needed to accomplish the fair use purpose 
has led the court to hold that the third factor was neutral, favoring neither 
the copyright holder nor the putative fair user.

What considerations are relevant in applying the fourth fair use factor-the 
effect upon the potential market for or value of the copyrighted work?

Use that adversely affects the market for the copyrighted work is less likely 
to be a fair use.  This ties back to the first factor, and the question whether 
the putative fair use supplants or substitutes for the copyrighted work.  The 
fact that a use results in lost sales to the copyright owner will weigh against 
fair use.  Moreover, courts have instructed that one must look at the likely 
impact on the market should the use in question become widespread; the fourth 
factor may weigh against fair use even if little market harm has yet occurred.

This inquiry is not confined to the market for the original, but also takes 
into account derivative markets.  For example, if a novel were made into a 
movie, the movie might not harm sales of the book-indeed, it might help 
them-but the harm to the derivative market for movie rights would count against 
fair use.  This principle works in a straightforward way in the case of 
well-established markets, like the market for movie rights for a novel.  But it 
becomes much more difficult to apply if there is not an established market.  
Consistent with the statutory language, courts have also looked at whether 
there is harm to a "potential market" for the copyrighted work.  However, if 
there were deemed to be a "potential market" for every use asserted to be a 
fair use, then the fourth factor would always favor the copyright owner, since 
the copyright owner would be harmed by loss of the licensing fee for that use.  
One way courts have tried to avoid this circularity is by asking whether a 
market, if not already established, is "reasonable" or likely to be developed 
by copyright owners.  In keeping with this approach, courts have concluded that 
there is no protectible market for criticism or parody, but have considered 
evidence of harm to markets under development or viewed as attractive 
opportunities for copyright owners, such as the market for downloads of songs.  
In some cases, courts have indicated that the absence of a workable market will 
tend to favor the fair user on the fourth factor because there is no efficient 
means to buy permission for the use in question.

This is a difficult and evolving area of the law.  We can nevertheless venture 
a few generalizations:  Uses that substitute for the copyrighted work in its 
original market or an established derivative market generally cause market harm 
that is cognizable under the fourth factor.  Where there is no established 
market, harm is less likely to be found, but still may be found depending on 
the facts, especially if the fair use case under the other factors is weak and 
the "market" in question is under development by copyright owners or obviously 
attractive commercially.  In any case, the Supreme Court has said, market harm 
is a matter of degree, and the importance of the fourth factor will vary, not 
only with the amount of harm, but also with the relative strength of the 
showing on the other factors.

How should one weigh the various factors in arriving at a determination whether 
there is fair use?

The fair use test requires an assessment of all the factors together.  The 
courts have repeatedly emphasized that there are no bright line rules, and that 
each case must be decided on its own facts.  The factors often interact in the 
analysis.  For example, the Supreme Court has stated that the more 
transformative the new work, the less will be the significance of other 
factors, like commercialism, that may weigh against a finding of fair use.  The 
more transformative the secondary use, the less likely it is that the secondary 
use will substitute for the original and cause direct market harm.  In reaching 
a fair use determination, all of the factors should be explored, and the 
results weighed together, in light of the goal of copyright law to "promote the 
progress of science and useful arts" (U.S. Const., art. I, ยง 8, cl. 
8).[3]<https://ogc.harvard.edu/#footnote3>

To understand better how courts have applied the fair use test in different 
situations, you may find useful the summaries of selected fair use cases at 
http://fairuse.stanford.edu/Copyright_and_Fair_Use_Overview/chapter9/9-c.html.  
In addition, the U.S. Copyright Office maintains a Fair Use Index, which offers 
a searchable database of selected judicial decisions involving fair use, 
together with brief summaries: http://copyright.gov/fair-use/.



  *   Richard again here, if someone buys a book and and converts it for 
personal use to a more usable format, who the hell is going to give a Flying 
Fairy's Fart.  It doesn't impact the copyright holder in any way, shape, or 
form.


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