Guarantees

Act 14 of 1980, § 5, under FEATURE MOTION PICTURE FAIR BUSINESS PRACTICES LAW.

Act 14 of 1980, § 5

Section 5. Guarantees.

(a) Minimum payment to distributor.--It shall be unlawful for any license agreement which provides for a fee or other payment to the distributor based in whole or in part on the attendance or the box office receipts at a theatre within the Commonwealth to contain or be conditioned upon a guarantee of a minimum payment to the distributor.

(b) Prohibited guarantees void.--Any provision, agreement or understanding which provides for such a guarantee shall be void and purported waiver of the prohibition in subsection (a) shall be void and unenforceable.