LEGAL ASPECTS MIDTERM Question with complete solution 2023

LEGAL ASPECTS MIDTERM Question with complete solution 2023A beginning band could decrease their chance of losing money on their tour by researching their estimated costs for transportation, gas, tolls, food, etc. TRUE If you do have a publishing company set up, it is likely that a record label's affiliated publishing company will take _________ percent of the publisher's share 50 Any business that operates as a partnership should put together a detailed internal agreement. TRUE In the absence of an internal band agreement, band disputes will be decided in court under ______________________. state partnership law Name the exclusive right that the license to use a sample from an existing sound recording comes from. derivative work Courts usually presume that all songwriters contributed equally to the creation of a song. TRUE While on tour, % of the cost of your meals are deductible. 50 Why should a band create and maintain a detailed inventory of individual and group property? to document and list the value of their equipment work is not protected by copyright law public domain owner permanently gives up copyright ownership assignment owner grants permission for use of the work to a third party but maintains copyright ownership license used when you want to record a cover song compulsory mechanical license used when two or more people write together to decide percentages and rights collaboration agreement used to decide percentages and rights when a band jointly writes songs partnership agreement What is the number one rule to prevent stolen equipment from your band's van while on tour? never leave van unattended A ---- license will be needed to use your song as the title song for a TV series. sync