Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 203-5 - 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.1980, Feb. 29, P.L. 40, No. 14, § 5, effective in 60 days.