Royalties Meaning In Agreement

Record companies are responsible for paying royalties to artists who have performed to record based on the sale of CDs by retailers. CCC describes its own volume on its website as follows: «Copyright Clearance Center manages the rights of more than 1.75 million works and represents more than 9,600 publishers and hundreds of thousands of authors and other creators. If you are thinking about licensing your intellectual property or becoming a licensee, you should be familiar with licensing agreements. A company`s licensing agreement is a central element of any licensing operation and ensures that both parties are compensated fairly for their contributions. In this article, we explain what a license agreement is and give you an example when it could be used.