If an asset owner doesn’t set a policy in a territory they have ownership, what policy gets applied?

When an asset owner doesn't explicitly set a policy for a territory where they have ownership, YouTube's system defaults to applying "No policy." This means that YouTube will not enforce any specific action (like blocking, tracking, or monetizing) on the content in that particular territory. The content will be treated as if no ownership claim exists for that region, allowing it to be viewable without any restrictions imposed by the asset owner. "Block," "Track," and "Monetize" are all specific policy actions that must be actively chosen and applied by the asset owner; they are not default settings.