A method for making a resinous copolymer which comprises reacting, in the presence of a Lewis acid catalyst, a mixture containing at least one monomer unit from each of the groups of phenol compounds (I), olefinically unsaturated non-acidic terpene compounds (II) and aliphatic, non-terpenic polyunsaturated olefin compounds (III), wherein the monomer units of compound (III) comprise from about 1 to about 70% by weight of the total weight of the monomer units of compounds (II) and (III), and wherein monomer units of compounds (II) and (III) are at least about 50% by weight of the total weight of the monomer units of compounds (I), (II) and (III).