1
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-: Let's talk about writing contracts for business.

2
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Write me a two-paragraph contract agreement

3
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licensing a composition to a buyer.

4
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The buyer does not get the intellectual property

5
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of the composition, only the right to use it in a project.

6
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They can only use it in the movie Maslow and nothing else.

7
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Amazing, here you go.

8
00:00:21,330 --> 00:00:24,120
And we have an agreement, we can iterate on it,

9
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we can add to it.

10
00:00:25,530 --> 00:00:28,320
I highly recommend, of course, always checking

11
00:00:28,320 --> 00:00:31,410
with a professional before you make any contractual,

12
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financial or legal agreements.

13
00:00:33,390 --> 00:00:36,060
But this gives you a huge headstart.

14
00:00:36,060 --> 00:00:38,970
So please write me a contract for hiring a bass player

15
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to perform live with my band for five concerts.

16
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The bass player will get $500 per show.

17
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This is great.

18
00:00:45,803 --> 00:00:48,720
Let's say you just wanted to add some modifications.

19
00:00:48,720 --> 00:00:51,600
Please add that the agreement can only be modified

20
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by written consent by both parties.

21
00:00:53,520 --> 00:00:56,430
Great, so you can see it added the modification

22
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that we wanted.

23
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It even apologized so we can say no need to apologize.

24
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I appreciate you always doing such a great job,

25
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'cause why not be kind?

26
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Again, this isn't legal advice,

27
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but I wanna show you how quickly you can draw up contracts.

