This Tariff replaces all previous versions and comes into force from 1st April 2007 and applies to all royalties falling due on or after that date.
"Non-Compliant Licensees who seek to regularize past infringements / violations / breach of Society’s rights and licenses (including non-compliance with agreements, usage without license, vexatious litigation, etc), a penalty of 30% over the existing tariff shall be applied at the discretion of Society, where as compliant licensees will be charged license fees at a rate discounted at 5% at the discretion of the Society".
On each anniversary of this Tariff there will be an upward revision by 10% for the next 3 years.
All Royalties are exclusive of all taxes / levies and are charged in advance for a period of 12 months, payable at the beginning of the period.
|