A collection of cover versions is called a tribute, and a musician or band performing cover versions are referred to as a cover performer and a cover band respectively.
If a cover band specializes in performing the tracs of one certain performer(s), they are referred to as a tribute band.
A cover version is one of the types of remake (any new version of a musical composition).
All the aforesaid allows to conclude that a person who makes a music version, music adaptation, remix, or a cover version of already existing track, creates a new track based on another, already existing one. It goes without saying that in order to create a new version of already existing track the author(s) should make their creative contribution. A person who has created a version of a track becomes the holder of a copyright for this version. But it bacomes legal and valid only with the consent of the author (or copyright holder) of the original track.
In accordance with current legislation only the author (copyright holder) has an exclusive right for the use of a musical composition. The use of a musical composition implies both creating a version (adaptation, remix, cover version), and performing it in public. There are some exceptions, for example, by law, one may perform a musical composition by another author only at home before relatives and friends. This condition is valid until the expiry of protection by copyright or receiving the right to use the musical composition with the consent of the author (copyright holder).
It is believed that in order not to violate a copyright one should just name the musical composition and its original author before the performance, and it will suffice. This is not true. As it has already been mentioned, any use of a musical composition is possible only with the consent of the author (copyright holder) or after the expiry of copyright protection.
Imagine having to create a version of a musical composition and/or perform a cover version of a track by other authors with your band.
In this case you will need:
– to make a list of musical compositions you are planning to remake;
– to find out about the Author's legal representatives;
– to discuss all the conditions of making a version (adaptation, remix) and/or a cover version with the legal representative of the Author (copyright holder) and to sign a License Agreement.