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Having a look to an exclusive Music library agreement, I got to this clause:
“Upon cessation of the activity (i.e. liquidation / closure of the business) of the xxxxx
Music Library, all rights of the xxxx (Music Library) entrusted by the composer remain with XXXXX (individual owner of the ;library) This also and in particular applies to the distribution of royalties through
the Authors’ Association or another relevant collective rights management
organisation. ”
Is this a standard clause in exclusive agreements?“Upon cessation of the activity (i.e. liquidation / closure of the business) of the xxxxx
Music Library, all rights of the xxxx (Music Library) entrusted by the composer remain with XXXXX (individual owner of the ;library) This also and in particular applies to the distribution of royalties through
the Authors’ Association or another relevant collective rights management
organisation. ”I believe what the contract is trying to say is to protect the rights and royalties of any placements the library made while a composer’s music is under contract to them. That would be fairly standard. Check with the library, or a lawyer (preferably), for clarification.
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