Music Business

The Terminology Generally Used in Agreement between Artist and Record Label (2)

The Music Telegraph | Text 2022/10/13 [15:16]
Music Business

The Terminology Generally Used in Agreement between Artist and Record Label (2)

The Music Telegraph| 입력 : 2022/10/13 [15:16]

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The Terminology Generally Used in Agreement between Artist and Record Label (2)

 

Production of Master Recordings: Artist will be responsible for payment of all expenses incurred in the production of the Master Recordings and will obtain the appropriate permission, clearance or release from any person or union who renders services in the production of the Master Recordings.

 

Subsequent Recording of Compositions: Artist represents and warrants that Artist will not record any composition contained on a Master Recording for a period of ___ years from the date of first release of a Company recording containing such composition.

 

Royalties: Company will pay Artist a percentage (the "Royalty") of the Company's sales for all Records sold, less the following costs - 

Actual container costs not to exceed ___% of SRLP (Suggested Retail List Price), and excise, sales and similar taxes.

Company will pay Artist ___% of (select one):

[   ] Suggested Retail List Price (SRLP) or

[   ] Wholesale price.

 

Foreign Licenses: Company will pay Artist ___% of the net receipts paid to Company under any foreign license.

 

Compilations: If a composition from the Master Recording is used on a compilation or recording in which other artists are included, the Artist's royalty will be pro rated. For example, if a composition from the Master Recording is included on a compilation containing nine selections from other artists, Artist will be entitled to one-tenth (1/10th) of the royalty rate. 

 

 

 

 

 

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