Contract between record label and artist

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Reference no: EM133854502

Question

This is an excerpt from a contract between a record label and an artist: "During the term of this contract you will not perform for the purpose of making phonograph records for any person, firm, or corporation other than us. During a period of five years after the expiration of this contract, you will not perform any selection recorded hereunder for any other person, firm, or corporation in the world or throughout the universe, for the purpose of making phonograph records." Which party is benefiting from this clause? Artist Label.

Reference no: EM133854502

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