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ROYALTY AGREEMENT
IN CONSIDERATION of the sum of One Dollar in hand paid to _________________________ hereinafter referred to as the "Composer," by _________________________ hereinafter referred to as the "Publisher," the receipt of which is hereby acknowledged, and the mutual covenants herein contained, the COMPOSER hereby sells, assigns, transfers and sets over unto the PUBLISHER for its own use and benefit, the certain song or musical composition, including the title, words and music thereof, at present entitled: _________________________ (which title may at any time be changed at the option of the PUBLISHER) together with all his right, title and interest, both legal and equitable, in and to the same, it being understood and agreed that the said song or musical composition and the copyright thereof and each and every right therein whether now known or hereafter to become known, are and shall be the sole and exclusive property of the PUBLISHER, its to have and to hold absolutely and forever.
In further consideration for, and in full payment of the afore said sale, the PUBLISHER agrees, in the event of the publication by it of the said song or musical composition, to pay to the COMPOSER a royalty of... |