Every contract for the payment of royalties between a proprietor and a performing rights society executed, issued or renewed in this state shall be:
(1) In writing;
(2) Signed by the parties; and
(3) Written to include, at a minimum, the following information:
(a) The proprietor’s name and business address and the name and location of each place of business to which the contract applies;
(b) The name of the performing rights society;
(c) The duration of the contract; and
(d) The schedule of rates and terms of the royalties to be collected under the contract, including any sliding scale or schedule for any increase or decrease of the rates for the duration of the contract. [1997 c.236 §3]
Note: See note under 647.700.
Section: Previous 647.130 647.135 647.140 647.145 647.150 647.155 647.700 647.705 647.710 647.715 647.720 647.725 647.730 647.990 647.991 NextLast modified: August 7, 2008