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Code · New Jersey · Title 56 — Guaranty, Suretyship and Indemnity · Chapter 3A

56:3A-5. Contract between performing rights society and proprietor

77 words·~1 min read·/nj/title-56/chapter-3a/56-3a-5

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5. A contract between a performing rights society and a proprietor for the payment of royalties shall be offered for a term of one year, but the parties may agree to contract for a term other than one year. The provisions of this section shall not apply to a contract for a term negotiated between a performing rights society and a bona fide national trade association representing a substantial percentage of proprietors of the same type.
L.1996,c.122,s.5.
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