They’d not be giving the trademark away for nothing.
IST Leisure beforehand said that that they had given THE BOYZ‘s full rights to make use of the trademark to the group’s identify freed from cost. This got here after One Hundred‘s claims that they had been in a trademark dispute with the group’s soon-to-be former firm.
IST Leisure Exposes THE BOYZ New Company’s Alleged Lies Over Trademark Rights
Quickly after, 10Asia reported that that they had obtained the unique copy of IST Leisure’s requests in the direction of One Hundred. 10Asia claimed that these requests would make IST Leisure the benefactor of income even after THE BOYZ leaves the corporate. IST Leisure allegedly agreed to permitting THE BOYZ to make use of all 56 emblems associated to the group without spending a dime in the event that they signed a contract that had three clauses to it. This contract would solely be legitimate if all eleven members of THE BOYZ agreed to work collectively as THE BOYZ, and it will be prolonged mechanically yearly in the event that they caught to the clauses. The contract could be void at any time in the event that they did not maintenance the clauses.
The clauses are:
1. Earnings from earlier albums and contents
Even when THE BOYZ leaves the corporate, there might be income generated from previous contents launched. As income of previous content material are more and more downwards-sloping, most leisure firms pay out the group for 2 years flat, moderately than persevering with to present a pay out. IST Leisure prompt that the boys be paid a 12 months as a substitute, since this space was not included of their earlier unique contract. Any income after the 12 months would solely belong to IST Leisure.
2. Ban on remasters and remakes
IST requested to completely ban any act of monetizing and promoting THE BOYZ sound sources and contents as owned in grasp rights by IST Leisure. Although some members are credited for the songwriting or lyrics writing of a few of their songs, IST Leisure owns the masters. Subsequently, the brand new company and the members can’t revenue from the tune except they remake or remaster the tune.
3. Promoting of inventory
IST Leisure requested for permission to promote their stock of THE BOYZ’ merchandise. Often, merchandise are disposed of when the artists terminate the contract. This may have an effect on One Hundred and THE BOYZ as IST Leisure promoting previous stock, probably at a reduced worth, might find yourself competing with One Hundred’s merchandise. IST Leisure allegedly possesses round just a few ten okay in stock.
One Hundred has but to answer the alleged calls for.