If the US Supreme Court has it their way, we might all be kissing eBay, Craigslist, Pandora and other used stuff exchange sites good bye soon. Hidden within the Kirtsaeng v. John Wiley & Sons case, to be disputed this fall, is a clause that might dispute the first sale law which allows you and I to buy and sell used stuff like bicycles, cars and smartphones.
Under the doctrine, which the Supreme Court has recognized since 1908, you can resell your stuff without worry because the copyright holder only had control over the first sale. Under this new law though, it would become illegal to resell your stuff as used items and it would apply to anything made abroad, including China, Japan or Europe.
Another likely result is that it would hit you financially because the copyright holder would now want a piece of that sale. That would obviously mean that any company that has their items manufactured in China (i.e. Apple) could request a percentage of your used iPhone’s sale fee and legally be entitled to it.