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.
N.J. Stat. Ann. § 56:3A-5
Contract between performing rights society and proprietor
Known as the Music Licensing Practices Act
The act spans §§ 56:3A-1 to 56:3A-9 (10 sections).
L.1996,c.122,s.5.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.