The theological properties of jellies of a binuclear copper(II)-tetracarboxylate complex in decalin have been investigated as a function of temperature The results are analyzed in the framework of living polymers. It is shown that the theory of living polymers can describe the system under certain conditions, that is below a given transition temperature T-trans. Above T-trans the theory of living polymers does not apply any longer. Below T-trans it is suggested that a low degree of physical gelation takes place. The system is better described as thermoreversible (physical) "living" gel, where physical junctions are Liable to play the role of entanglements. The reasons why the theory worked out for "living" polymers can be used below T-trans is discussed.