Music Business

The Terminology Generally Used in Agreement between Artist and Record Label (3)

The Music Telegraph | Text 2022/12/27 [14:03]
Music Business

The Terminology Generally Used in Agreement between Artist and Record Label (3)

The Music Telegraph| 입력 : 2022/12/27 [14:03]

 

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The Terminology Generally Used in Agreement between Artist and Record Label (3)

 

Grant of Rights (2 cases):

1) Beginning on the date when a Master Recording is delivered to Company, Company will be the exclusive owner of rights to all Master Recordings for the period of time of ________ (the "Ownership Period").

OR

2) Artist assigns to Company all rights to the Master Recording in perpetuity.

 

After the Ownership Period, all rights in the Master Recordings will revert to Artist. During Ownership Period, Artist grants to Company all rights, title and interest in the sound recording copyright to the Master Recordings including:

  • the exclusive right to manufacture copies of all or any portion of the Master Recordings;
  • the exclusive right to import, export, sell, transfer, release, license, publicly perform, rent, and otherwise exploit or dispose of the Master Recordings; and
  • the exlusive right to edit, adapt or conform the Master Recordings to technological or commercial requirements in various formats now known or later developed.

 

Side-Artist Recording (2 cases):

1) During the Term, Artist may perform as part of another artist's recording project (a "side-artist" performance) provided that: (a) the side-artist recording does not interfere with obligations under this Agreement; and (b) the following credit is included on the side-artist recording: "[Name of Artist] appears courtesy of [Company Name]".

OR

2) Artist may perform as part of another artist's recording project (a "side-artist" performance) provided that Company has furnished written consent for such performance. Such consent will not be unreasonably withheld. In the event of such performance, the following credit will be included on the side-artist recording: "[Name of Artist] appears courtesy of [Company Name]".

 

Advances and Recoupable Costs:

All monies paid by Company to Artist other than royalties paid pursuant to this Agreement, will be considered an advance against royalties. All advances will be set off against future royalties. In connection with the initial Master Recording delivered, Company will pay Artist an advance of ______ on the date of ______. 

 

Singles:

In the event that Company releases singles, Company will pay Artist ___% of:

(1) suggested retail list price (SRLP) 

OR

(2) wholesale price.

 

Flat Fee:

Company will pay Artist ___% of the net receipts paid to Company under any flat fee license of the Master Recordings or any portion of the Master Recordings.

 

 

 

 

 

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