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Simple English definitions for legal terms

statutory rate

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A quick definition of statutory rate:

Statutory rate: The amount of money a songwriter gets paid every time their song is reproduced on a recording. This payment is called a mechanical royalty and is set by law. If an artist is willing to pay the statutory rate, they don't need the songwriter's permission to record the song. However, artists and songwriters can negotiate lower royalty rates if they choose to.

A more thorough explanation:

A statutory rate is a fixed rate that is set by law and must be paid for a specific service or product. In the music industry, the statutory rate is the payment that a songwriter receives each time their song is reproduced on a phonorecord.

For example, if a musician wants to record a cover of a popular song, they must pay the statutory rate to the songwriter for each copy of the recording that is sold. The statutory rate is set by law and is payable per song or per minute, whichever is higher.

It is important to note that if an artist is willing to pay the statutory rate, they do not need the songwriter's permission before making a recording. However, artists and songwriters can negotiate lower royalty rates if they choose to.

Overall, the statutory rate ensures that songwriters are fairly compensated for the use of their work and provides a standard rate for the music industry to follow.

statutory presumption | statutory receiver

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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