Apart from the collection of a tax on the resale of certain artificial objects, there are few facets common to different national systems. Most systems prescribe a minimum amount that the artwork must receive before the artist can avail himself of the right of resale (usually the price or price of the hammer). Some countries write and others, such as Australia, do not write the maximum fee that can be received. Most of them impose the basis for calculating the levy. Some countries make the use of royalties mandatory. Some countries require a single monopoly collection agency, while others, such as the United Kingdom and France, allow several agencies. Some systems include different degrees of retroactive application, and other systems such as those in Australia are not retroactive at all. In some cases, for example in Germany.B, “copyrights” are used in an open tax-wise manner; Half of the money raised is redistributed to fund public programs. Book authors can sell their copyright to the publisher. Otherwise, they can receive a certain amount per pound sold in the form of royalties. In the United Kingdom, for example, it is common for authors to receive a 10% royalty for book sales. If you are considering granting your intellectual property or becoming a licensee, you must be familiar with licensing agreements. A company`s licensing agreement is a central element of any licensing agreement and ensures that both parties are properly compensated for their contributions.
In this article, we explain what a licensing agreement is and give you an example of when it could be used. At the end of this page, you can download a license agreement so you can see an example of what is included in a license agreement and how it is designed. The following graph shows the licensing sequences for performance and the pricing and distribution process in the UK.  Each song or recording has a unique identity with which it is authorized and prosecuted. Details of songs or recordings are communicated to THE PROs directly or via Catco, an electronic tracking system.