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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>67035</law_id><section_number>59.1-462</section_number><catch_line>Royalty contract requirements</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="59.1">Trade and Commerce</unit><unit label="chapter" level="2" order_by="1" identifier="38">Virginia Music Licensing Fees Act</unit></structure><text>
						<section><p>Every <span class="dictionary">contract</span> for the payment of <span class="dictionary">royalties</span> between a <span class="dictionary">proprietor</span> and a <span class="dictionary">performing rights society</span> executed, issued or renewed in the Commonwealth on or after July 1, 1995, shall be:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> In writing; <a id="paragraph-242958" class="section-permalink" href="https://vacode.org/59.1-462/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Signed by the parties; <a id="paragraph-242959" class="section-permalink" href="https://vacode.org/59.1-462/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> Written to include, at a minimum, the following information:
			a. The <span class="dictionary">proprietor</span>&#x2019;s name and business address and the name and location of each place of business to which the <span class="dictionary">contract</span> applies;
			b. The name of the <span class="dictionary">performing rights society</span>;
			c. The duration of the <span class="dictionary">contract</span>; and
			d. The schedule of rates and terms of the <span class="dictionary">royalties</span> to be collected under the <span class="dictionary">contract</span>, including any sliding scale or schedule for any increase or decrease of such rates for the duration of the <span class="dictionary">contract</span>. <a id="paragraph-242960" class="section-permalink" href="https://vacode.org/59.1-462/#3"><i class="fa fa-link"/></a></p></section></text><history>1995, c. 648.</history><metadata></metadata></law>
