§ 40-13-305 — 40-13-302. Information required to be provided regarding royalty contracts; contract requirements

(a) No performing rights society shall enter into, or
offer to enter into, a contract for the payment of royalties by
a proprietor unless at the time of the offer, or any time
thereafter, but no later than seventy-two (72) hours prior to
the execution of that contract, it provides to the proprietor,
in writing the following:
(i) A schedule of the rates and terms of royalties
under the contract;
(ii) Upon request of the proprietor, the opportunity
to review the most current available list of the members or
affiliates represented by the society;
(iii) Notice that it will make available, upon
written request of any proprietor or bona fide trade association
representing groups of proprietors, at the sole expense of the
proprietor or bona fide trade association representing groups of
proprietors, by electronic means or otherwise, the most current
available listing of the copyrighted musical works in such
performing rights society's repertory. The notice shall specify
the means by which the information can be secured;
(iv) Notice that the performing rights society has a
toll free telephone number which can be used to answer inquiries
of a proprietor regarding specific musical works and the
copyright owners represented by that performing rights society;
and
(v) Notice that it complies with federal law and
orders of courts having appropriate jurisdiction regarding the
rates and terms of royalties and the circumstances under which
licenses for rights for public performances are offered to any
proprietor.
(b) Every contract between a performing rights society and
proprietor for the payment of royalties executed, issued or
renewed in this state on or after July 1, 1996 shall:
(i) Be in writing;
(ii) Be signed by the parties; and
(iii) 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;
(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.