A contract for the payment of royalties between a performing rights society and a proprietor executed in this state shall meet all of the following requirements:
1. Be in writing.
Terms Used In Iowa Code 549.4
- Contract: A legal written agreement that becomes binding when signed.
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Performing rights society: means an association or corporation, including an agent or employee of the association or corporation, that licenses the public performance of a nondramatic musical work on behalf of a copyright owner, including the American society of composers, authors and publishers (ASCAP), broadcast music, inc. See Iowa Code 549.2
- Proprietor: means the owner of a retail establishment, restaurant, inn, bar, tavern, or any other similar place of business located in this state in which the public may assemble and in which nondramatic musical works may be performed, broadcast, or otherwise transmitted. See Iowa Code 549.2
- royalties: means the license fee or fees payable by a proprietor to a performing rights society for the public performance of a nondramatic musical work. See Iowa Code 549.2
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
2. Be signed by the parties.
3. 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.
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 rates for the duration of the contract.