Virginia § 59.1-462 Royalty contract requirements

Virginia Statutes

§ 59.1-462 — Royalty contract requirements

Virginia § 59.1-462

Title 59.1TRADE AND COMMERCE

Ch. 38VIRGINIA MUSIC LICENSING FEES ACT

This text of Virginia § 59.1-462 (Royalty contract requirements) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 59.1-462 (2026).

Text

Every contract for the payment of royalties between a proprietor and a performing rights society executed, issued or renewed in the Commonwealth on or after July 1, 1995, shall be:

1.In writing;

2.Signed by the parties;

3.Written to 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; 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 such rates for the duration of the contract.

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Every contract for the payment of royalties between a proprietor and a performing rights society executed, issued or renewed in the Commonwealth on or after July 1, 1995, shall be:

1. In writing;

2. Signed by the parties;

3. Written to 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; 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 such rates for the duration of the contract.