Music Business

Independent Label Recording Agreement (4)

The Music Telegraph | Text 2019/08/07 [15:17]
Music Business

Independent Label Recording Agreement (4)

The Music Telegraph| 입력 : 2019/08/07 [15:17]

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Independent Label Recording Agreement (4)

 

 

Flat Fee

Company shall 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.

 

 

Promotional Recordings and Cutouts

No royalties will be due on Records furnished on a promotional basis. Nor shall any royalty be due for Records sold by Company as cutouts or for scrap or otherwise upon deletion from Company's catalogue.

 

 

Statements; Audit

Company shall pay Artist the Artist's Royalties within _____ days after the end of each quarter. Company shall also furnish an accurate statement of sales of Records during that month. If late in any payment, Company shall pay interest from the due date until paid. The acceptance by Artist of any statement or payment does not prevent Artist later questioning its accuracy. Company shall keep accuracy books of account covering all transactions relating to this Agreement. Artist or its representatives shall have the right upon reasonable written notice to audit Company's books relating to the Records. If the audit indicates an underpayment greater than $500 for any six month period, Company shall pay for the audit.

 

 

Video (Check and fill in blanks if applicable)

[     ] If company determines during the term of this Agreement to produce a recording combining the audio performance of Artist with a visual image (the "Video"), Company and Artist shall mutually agree upon the budget and production costs (the "Production Budget") for such Video or Videos. All sums paid by Company as part of the Production Budget shall be considered as an Advance against royalties. Company shall have the right to use and allow others to use each Video, including the worldwide copyrights. Company shall have the right to use and allow others to use each Video for advertising and promotional purposes with no payment in Artist. "Advertising and promotional purposes" mean all uses for which Company receives no money in excess of incidental fees such as tape stock and duplication and shipping. Artist shall be entitled to a royalty as established in the Royalty Section for all revenue derived from commercial exploitation of the Videos. Artist shall issue a worldwide synchronization license for any Controlled Composition embodied on a Video. For a period of _____ years from the date of release of any video, Company shall have the right to allow others to use the Videos for commercial purposes. If Company licenses or commercially exploits the Videos, Company shall pay, after deducting all costs advanced for production, a Royalty of: _____% of the net revenues from any license or sale of such Video. Artist grants to Company the right to synchronize the Master Recordings with visual images to create Videos.

 

 

Commercial Release of Records (Select one and fill in blanks)

[     ] Company shall release the Records within _____ months of delivery of the Master Recordings (the "Guaranteed Release Date"). Artist shall provide written notice if Company fails to release the recording by the Guaranteed Release Date, and if, after 30 days from notification, the Company has not released the recording, Artist may terminate this agreement and all rights in the Master Recordings shall revert to Artist and Company shall have no further rights to the recording.

[     ] Company shall release the Records within _____ months of delivery of the Master Recordings (the "Guaranteed Release Date"). Artist shall provide written notice if Company fails to release the recording by the Guaranteed Release Date, and if, after 30 days from notification, the Company has not released the recording, Artist may terminate this agreement. In the event of such termination Artist may acquire the unreleased Master Recording and all related rights by paying to company the sum of any advance for such Master Recording.

 

 

 

 

 

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