Common use of BASIC RIGHTS AND OBLIGATIONS OF THE PARTIES Clause in Contracts

BASIC RIGHTS AND OBLIGATIONS OF THE PARTIES. 1. The PRO undertakes to effectively operate the System of Collective Management for the Member and for other persons for whom it secures the collective fulfilment of reserved obligations by means of the System of Collective Management operated by the PRO on the basis of a contract on the fulfilment of reserved obligations concluded with the PRO (hereinafter as the “members”).