Missouri Laws 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;
Terms Used In Missouri Laws 436.157
- Contract: A legal written agreement that becomes binding when signed.
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
(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.