Category: Buyers & Sellers
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How are voluntary qualifying resales enforced?
A “Voluntary Qualifying Resale” means that all parties to the resale agree in writing that the resale is a qualifying resale for purposes of the Act; and what % of the resale value they agree will be payable to the artist as a resale royalty; and who will provide the relevant information to the Collection Agency. […]
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Who calculates resale value in a “voluntary qualifying resale”?
Section 9(3) of the Act states that in order for a resale to be a “voluntary qualifying resale” all the parties to the resale agree in writing that the resale is a voluntary qualifying resale, and what percentage of the resale value will be payable as the ARR, which in effect means both the buyer […]