MURNAGHAN, Circuit Judge:
I
William L. Dawson possesses a valid copyright of an arrangement of the spiritual "Ezekiel Saw De Wheel." Dawson, over the years, has sold many copies of his arrangement. In 1980, Gilbert M. Martin composed an arrangement of the spiritual. That same year, Martin granted Hinshaw Music, Inc. ("Hinshaw"), the exclusive rights to publish, distribute, and sell his arrangement. Martin agreed to indemnify Hinshaw for any loss resulting...
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