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Viper1 said:
NoirSon said:
What is so hard to get about this?

1st party development: Games developed, distributed and published by internal development studios such as Nintendo, Sony or Microsoft.

2nd party: Games developed by a external studio that is outright or partially owned or under contract with a 1st party studio, usually with IPs owned by the 1st party with the first party handling publishing and distribution duties.

3rd party: Games developed and published by a external studio or publisher. Distribution may be handled by a first party in some cases especially localization efforts but the IP is still owned by the 3rd party.


The Last Story, Pandora's Tower, Wonderful 101 and several other games are 2nd party developed games but like Eternal Darkness, Pokemon and many games before it Nintendo owns the IPs. They can sell it like they did with the Rare brands but it is still Nintendo's brand and IP until they do.

This is correct. 

 

Nintendo owns the IP rights to The Last Story.

I am just curious. I know little on the legal importance of copyright

How to read this document on Nintendo and third party copyright.

https://www.nintendo.co.uk/Legal/Copyright/Nintendo-and-Third-party-Copyrights-655030.html

It looks to me as a layman like copyright of The Last Story is shared or does it mean something else?

The Last Story

©2011-2012 Nintendo/MISTWALKER

Do you know enough about copyright law to give an answer that a layman can understand?