What is a master use license agreement, and what are its legal requirements?
A master use license agreement is a legal document used to govern the usage of a copyrighted work. This type of agreement is commonly used in the music, television, and film industries in New York. A master use license agreement grants the licensee permission to reproduce, distribute, or otherwise exploit the work, typically in exchange for a royalty fee. This agreement protects both the artist and the licensee from copyright infringement and other infringement claims, as well as from any unauthorized uses of the work. When drafting a master use license agreement, the artist must consider the scope of rights granted, the type of compensation to be paid to them, and any restrictions or limitations on the licensee’s use of the work. The artist should also consider the right to review the licensee’s use of the work, as well as any indemnification clause. In order to be enforceable, a master use license agreement must comply with all applicable laws and regulations. It must also be in writing, signed by both parties, and refer to the terms of the agreement. Finally, the agreement must include the name of the artist, the title of the copyrighted work, the scope of the rights granted, and the compensation to be paid.
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