Part
Ten
By Harlington L. Hanna
Jr.
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Contractual Pearls
1. Remember there is a reversion of copyright
ownership after 35 years should the copyright
transferor decide to exercise the right.
2. Acquirers should attempt to negotiate a net profits
royalty provision.
3. Producers and I.P. owners should attempt to
negotiate a gross profits royalty provision.
4. Read the definitions clauses carefully.
5. Net profit based royalty agreements require intense
scrutiny of the deductions from gross revenue.
6. The amount of up front money or advance may not be
the most important aspect of the agreement for the
artist or producer.
7. I.P. acquirers should try to prevent accepting a
fragmented rights if possible.
8. I.P. holders will want to fragment the rights.
9. It is important to obtain language and ownership in
the highest form of the I.P., i.e. The Patent,
copyright, trademark.
10. Remember a license to use the I.P. or other
contractual provisions to allow use of the I.P. is not
the same as owning the I.P., If possible attempt to
gain ownership in the I.P.
Part
Nine
For Further details of the Hannaian
Business network and its associated business opportunities
visit the Business Opportunities Section of the Hannaian
Publishing Website at
http://www.hannaian.com/distribr.htm
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