A receiving agent is a designated representative appointed by the Librarian of Congress. This agent is responsible for collecting royalty payments from licensees and distributing these payments to designated agents. The role of the receiving agent is crucial in ensuring that copyright royalties are managed effectively and transparently.
The term "receiving agent" is primarily used in copyright law, particularly in the context of royalty payments for the use of copyrighted works. This role is essential in the music and broadcasting industries, where licenses are often issued for the use of copyrighted material. Users can manage their royalty payments and related documentation using legal forms available through resources like US Legal Forms.
Here are a couple of examples of abatement:
For instance, a music streaming service may designate a receiving agent to handle the collection of royalties from its subscribers. This agent would then distribute the collected royalties to the various music publishers and artists involved. (Hypothetical example)
Relevant laws include 37 CFR 261, which outlines the regulations for copyright arbitration and the collection of royalties. This regulation defines the roles and responsibilities of receiving agents and their relationship with licensees and designated agents.
| Term | Definition | Difference |
|---|---|---|
| Designated Agent | An agent appointed to receive royalties on behalf of copyright owners. | A receiving agent collects and distributes royalties, while a designated agent primarily represents the copyright owner. |
| Licensee | A party that has obtained permission to use copyrighted material. | A licensee pays royalties to the receiving agent, whereas the receiving agent acts as an intermediary. |
If you are involved in licensing copyrighted works, ensure that you understand the role of the receiving agent in your agreements. For managing royalty payments, consider using legal forms from US Legal Forms to help streamline the process. If your situation is complex, consulting a legal professional may be necessary.
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| Attribute | Details |
|---|---|
| Jurisdiction | Federal copyright law |
| Typical Fees | Varies based on agreements |
| Possible Penalties | Failure to comply may result in legal action |
A receiving agent collects and distributes royalty payments from licensees to designated agents.