When entering an agreement with someone or a company, what does (“Licensee” and the “Parties”) mean?
Question by unknown: When entering an agreement with someone or a company, what does (“Licensee” and the “Parties”) mean?
This is an unlimited license instrumental agreement between a music production company and an artist. Mainly I want to know the Parties part..Who falls under parties? Is it “anyone whom the artist allows to use the beat while in the artists possession?
Best answer:
Answer by Sage
Unless otherwise defined in the agreement, the term “Parties” refers to the persons or entities that execute the agreement. Nobody else. However, you should check the definition. Many agreements have definitions of terms — particularly terms that are capitalized in the agreement. The same with the term “Licensee.” In a license agreement, the term “Licensee” is always defined. You will find the definition when you read the agreement.
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