Group 4

An entity, a music record label, licenses to a customer a 1975 recording of a classical symphony by a noted
orchestra. The customer, a consumer products company, has the right to use the recorded symphony in
all commercials, including television, radio and online advertisements for two years in Country A. In
exchange for providing the license, the entity receives fixed consideration of CU10,000 per month. The
contract does not include any other goods or services to be provided by the entity. The contract is non-
cancellable.