436.157. Contract for payment of royalties must be in writing, content. - Missouri Statutes

Contract for payment of royalties must be in writing, content.

436.157. Every contract for the payment of royalties executed in thisstate shall:

(1) Be in writing;

(2) Be signed by the parties;

(3) Not require a term exceeding one year unless agreed by theproprietor 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 andlocation of each place of business to which the contract applies;

(b) The name and address of the performing rights society authorizedto act on behalf of copyright owners being paid royalties under thecontract;

(c) The duration of the contract; and

(d) The schedule of rates and terms of the royalties to be collectedunder the contract, including any sliding scale or schedule for anyincrease or decrease of those rates for the duration of that contract.

(L. 1995 S.B. 355 § 1 subsec. 4)