Performers receive a 30% share of profits of the price increase by publicly performing The Law of Quality (provided that at least one transaction of the work of art takes place). This is an offer provided by The Law of Quality, which takes place if:

1)The performers notify the Law of Quality headquarters at least 14 days before a public performance.
An early notification is strongly recommended.
2)There is evidence of the public performance, e.g. by means of audio and/or video recording etc.


Beginning and duration of share of profits
Beginning with the day of the public performance, the performers receive a share of profits if they adhere to the aforementioned conditions.
The performers receive a share of profits until new performers perform The Law of Quality; then, the new performers receive the share of profits. The first performers receive an email from the Law of Quality headquarters informing them that they no longer have a share of profits. They can regain it anytime by a new performance.


Share of profits
The performers receive 30% of the price increase if the work of art The Law of Quality is bought by a quality founder on the day of the concert or later. Quality founder and performer are completely independent from each other: The Law of Quality can be bought after a concert or at any other time, completely independently from a concert. It is of course in the performers’ interest that the work of art The Law of Quality changes hands as often as possible, since each time, they receive a 30% share of profits of the price increase. An interpreter may also purchase the work of art The Law of Quality.

Example

• Quality founder 1 purchases The Law of Quality on April 10th 2011 for 1’000 US$.
• Performers 1 perform The Law of Quality on April 15th 2011.
• Quality founder 2 purchases The Law of Quality on April 16th 2011 for 1’300 US$.
• → Performers 1 receive 30% of the price increase (100% = 300 US$ / 30% = 90 US$).
• Performers 2 perform The Law of Quality on April 20th 2011.
• Quality founder 3 purchases The Law of Quality on April 20th 2011 for 1’700 US$.
• → Performers 2 receive 30% of the price increase (100% = 400 US$ / 30% = 120 US$).


Platform
The Law of Quality offers all performers the possibility to publish their audio and/or video recording of the musical work The Law of Quality on the website www.lawofquality.com. Of course this includes a short portrait of the musicians and a link to their homepage.

Further information

• If no transaction takes place during the performers’ share of profits, they will not yield any profit.
• If various performers’ announce a performance for the same date, those performers who first announced their performance via email will receive the share of profits.
The Law of Quality does not inform when a performance is scheduled.
The Law of Quality reserves the right to decide in case of dispute if a performance is to be considered “public”.