I'm preparing to publish an open source library.
In order to research local law, I wanted to know if there is an equivalent term for the USA "fair use" in European law?
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The United Kingdom and common-law countries generally use the concept of fair dealing.
The EU doesn't really have a doctrine analogous to fair use. Instead, it has a list of explicitly permitted uses (Article 5 of the Information Society Directive), and its courts are generally very resistant to the adoption of fair-use analyses.