does ANYONE know what this mean in
SIMPLE WORDS?
please HEEEELP
#1
(a) If at any time during the initial 2-year term COMPOSER accrues $500 or more
in up-front single-track licensing revenue for a given COMPOSITION, the term for that COMPOSITION
will automatically convert to perpetual. For clarification, COMPOSER will be entitled to 50% of applicable
single-track licensing revenue and 100% of writers’ share of any public performance royalties
with respect to the COMPOSITIONS in perpetuity.
#2
Should COMPOSER choose to terminate
this agreement, NAME OF LIBRARY retains the right to collect all Publisher’s performance
royalties generated from the public broadcast of (“NAME OF LIBRARY TITLES”) in perpetuity.
#3
COMPOSER retains the right to sell COMPOSITIONS directly to consumers via on-line
retailers provided that such retailers or their affiliates are not in the business
of licensing music to media including but not limited to film, television, advertising,
and internet, or otherwise engaged in the Production Music Library industry.
(a) COMPOSER retains the right to post COMPOSITIONS on his/her personal website,
or on social media sites for demonstration purposes.
#4
NAME OF LIBRARY shall pay COMPOSER half (50%) of all revenue generated from single-track (non-blanket) or so called “drop” license fees associated with the COMPOSITIONS.
NAME OF LIBRARY shall not otherwise be required to pay monies or provide compensation to COMPOSER for the licensing, exploitation, and distribution of the COMPOSITIONS.
#5
COMPOSER grants NAME OF LIBRARY the right and authority to rename COMPOSITIONS (“NAME OF LIBRARY TITLES”) and register NAME OF LIBRARY TITLES
with applicable Performing Rights Organizations with COMPOSER as Writer and NAME OF LIBRARY as Publisher.
COMPOSER agrees that (“NAME OF LIBRARY TITLES”)are unique to NAME OF LIBRARY in perpetuity regardless of any termination of this Agreement.
