Common Contracts
1 similar Music Licensing Agreement contracts
ContinueMusic Licensing Agreement • March 20th, 2021
Many potential business owners are confused between the concepts of a franchise and license (a.k.a. business opportunity). A key difference lies in the area of law by which each business type is governed. This legal difference forms the basis for what information needs to be included in each type of agreement. Franchising is based on securities law while licensing falls under the purview of contract law. In layman’s terms, this means that if a business wishes to expand through franchising, it must register in the appropriate jurisdictions and also incorporate certain information into its franchise agreement. A license agreement is simply a business contract between two parties. A franchise agreement is a usually lengthy document and covers such area as the cost of the franchise, royalty payments, rights and obligations of franchisor and franchisee, territory rights, training and support, as well as disclosure of financial documents. A license agreement is typically of shorter length an
