Music Business

Independent Label Recording Agreement (3)

The Music Telegraph | Text 2019/07/31 [15:41]
Music Business

Independent Label Recording Agreement (3)

The Music Telegraph| 입력 : 2019/07/31 [15:41]

© Giphy

 



Independent Label Recording Agreement (3)

 

 

Advances and Recoupable Costs

All monies paid by Company to Artist other than royalties paid pursuant to this Agreement, shall be considered an advance against royalties ("Advances"). All Advances shall 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 _____.

 

 

Advance for Option Term (Check and fill in blank if applicable)

[     ] In connection with the Master Recording delivered under the Option Terms, Company will pay Artist an Advance of _____.

 

 

Royalties

Company shall pay Artist a percentage (the "Royalty") of the Company's slaes for all Records sold, less the following costs:

Actual container costs not to exceed _____% of SRLP, and excise, sales and similar taxes.

Company shall pay Artist _____% of (select one):

[     ] Suggested Retail List Price (SRLP) or

[     ] Wholesale price

 

 

Singles

In the event that Company releases singles, Company shall pay Artist _____% of (select one):

[     ] Suggested Retail List Price (SRLP) or

[     ] Wholesale price

 

 

Foreign Licenses

Company shall pay Artist _____% of the net receipts paid to Company under any foreign license.

 

 

Reserves (Check and fill in blanks if applicable)

[     ] In computing the Records sold, only Records for which Company has been paid or credited shall be considered sold. Company shall have the right to deduct returns and credits and to  make reasonable reserves, not to exceed _____% of sales in any one accounting period provided that such reserves shall be liquidated within _____ accounting period(s).

 

 

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 shall be pro rated. For example, if a composition from the Master Recording is included on a compilation containing nine selections from other artists, Artist shall be entitled to one-tenth (1/10th) of the royalty rate.

 

 

 

 

 

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