Common use of Ownership and Licensing Clause in Contracts

Ownership and Licensing. The ownership of the master recordings and all copyright rights in the recording shall be retained by the orchestra institution, and shall not be sold or transferred to any third party. Licensing arrangements are permissible but the specifics of the license must be disclosed in advance in accordance with Paragraph E (Artistic and Financial Consultation) below. The duration of any license will be limited to no more than five (5) years (or no more than ten (10) years with the permission of the Orchestra Committee) or until the deletion of the recording from the licensee’s catalog, whichever comes first. A license may be renewed but no renewal shall exceed five (5) years. Tier payments and revenue sharing as described below continue through new license periods.

Ownership and Licensing. 1. The ownership of the master recordings and all copyright rights in the recording shall be retained by the orchestra institution, and shall not be sold or transferred to any third party. 2. Licensing arrangements are permissible but the specifics of the license must be disclosed in advance in accordance with Paragraph E (Artistic and Financial Consultation) below. The duration of any license will be limited to no more than five (5) years (or no more than ten (10) years with the permission of the Orchestra Committee) or until the deletion of the recording from the licensee’s catalog, whichever comes first. A license may be renewed but no renewal shall exceed five (5) years. Tier payments and revenue sharing as described below continue through new license periods.