The entertainment industy is full of glamour and risks. The world salutes one, who is on the top. There are occurrences and odd situation, when there is usage of the music or a trademark without the permission of the owner of the original.
Copyright is referred to as the exclusive rights granted by the law to the owner of the original work, which includes right to copy, modify or distribute the original piece of work.
To avoid any kind of disputes regarding the illegal copy of the original work, copyrights are done. The features of the copyright law basics of the entertainment industry are as follows:
- The main contact details of the owner and the second party to whom the copyrights are being transferred.
- Mode of payment and amount payable.
- Warranties, if any.
- Non royalty sharing prerequisites.
- Date and location.
- Signature of both the parties involved.
Copyright can be done on any kind of work; can be a musical piece (soundtrack), trademark and logos of the album, paintings, photographs, drawings, dramatic works or other intellectual property.
If there is any break of the copyright contract by either of the parties, they are liable to pay heavy penalties.