Announcement – Minimum Amount

Based on the Article IX., paragraph 1, 2 of the Contract on Collective Compliance, we announce that the Minimum Amount to the day 31.12. 2019 is set at 1 000,- CZK (excl. VAT).

Provided that in the calendar year 2019 the Customer pays Remuneration to the Supplier based on the Contract on Collective Compliance which does not exceed the set Minimum Amount, in the next coming calendar year 2020, the Customer is not obliged to pay Remuneration deposits and the Remuneration is payable only once a year after the delivery of the Statement for the last calendar quarter of the calendar year 2020.

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