(815 ILCS 637/15)
Sec. 15.
Royalty contract requirements.
Every contract for the payment of royalties between a proprietor and a
performing rights society executed in this State
shall be:
(1) In writing;
(2) Signed by the parties;
(3) Written to include, at a minimum, 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;
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(B) The name of the performing rights society;
(C) The duration of the contract; and
(D) The schedule of rates and terms of the royalties
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| to be collected under the contract, including any sliding scale or schedule for any increase or decrease of rates for the duration of the contract.
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(Source: P.A. 89-114, eff. 1-1-96.)
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