N.J.S.A. 56:3A-5 — Contract between performing rights society and proprietor

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

This is the verbatim text of N.J.S.A. 56:3A-5, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.