Section 436.157

Title XXVIII CONTRACTS AND CONTRACTUAL RELATIONS

Chapter 436

Effective - 28 Aug 1995   

  436.157.  Contract for payment of royalties must be in writing, content. — Every contract for the payment of royalties executed in this state shall:

  (1)  Be in writing;

  (2)  Be signed by the parties;

  (3)  Not require a term exceeding one year unless agreed by the proprietor or if the contract is under the terms of a national agreement;

  (4)  Include at least 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 and address of the performing rights society authorized to act on behalf of copyright owners being paid royalties under the contract;

  (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 those rates for the duration of that contract.

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(L. 1995 S.B. 355 § 1 subsec. 4)