Upon receipt of a fully completed application, we will issue a Licence Agreement to you setting forth the royalty and performance materials fees. When you receive the Licence Agreement, check the information carefully, fill out all sections on the Production Terms Order Form, sign it, and return it to TRW along with payment of all fees. It is only upon receipt by TRW of the executed Production Terms Order Form along with payment that your performance rights are secured. The Licence Agreement is only valid for three months from the date of issue. Should you decide not to present the musical, you are under no obligation to proceed.