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Music Royalty Contract
I need a Music Royalty Contract for a Danish indie record label that will be distributing my band's music globally through digital platforms, with specific provisions for streaming revenue splits and quarterly payments starting March 2025.
1. Parties: Identification of all contracting parties including legal names, addresses, and registration numbers
2. Background: Context of the agreement and brief description of the musical work(s) involved
3. Definitions: Detailed definitions of key terms used throughout the agreement including 'Musical Work', 'Revenue', 'Territory', 'Royalty Rate', etc.
4. Grant of Rights: Specific rights being granted by the rights holder and the scope of exploitation permitted
5. Royalty Rates: Detailed breakdown of royalty percentages for different types of use (streaming, downloads, physical sales, sync licensing, etc.)
6. Payment Terms: Payment frequency, calculation methods, currency, and payment methods
7. Accounting and Reporting: Requirements for financial reporting, royalty statements, and audit rights
8. Warranties and Representations: Guarantees regarding ownership of rights, originality of work, and authority to enter agreement
9. Duration and Termination: Term of the agreement and circumstances under which it can be terminated
10. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes
1. Sub-Publishing Rights: Include when the agreement covers international territories requiring sub-publishers
2. Collective Management: Include when specific collecting societies are involved in rights management
3. Minimum Guarantee: Include when there's a guaranteed minimum payment requirement
4. Creative Control: Include when the creator maintains certain creative control rights over use of the work
5. Marketing and Promotion: Include when specific promotional obligations are required
6. Assignment and Sub-licensing: Include when transfer of rights or sub-licensing is permitted
7. Digital Platform Specific Terms: Include when specific digital platform arrangements need to be addressed
8. Currency Exchange: Include for international agreements with multiple currencies
1. Schedule A - Musical Works: Detailed list of all musical works covered by the agreement including titles, composers, and registration numbers
2. Schedule B - Royalty Rate Card: Detailed breakdown of royalty rates for different types of use and territories
3. Schedule C - Accounting Procedures: Specific requirements for royalty calculations, deductions, and reporting formats
4. Schedule D - Territories: List of territories covered by the agreement and any territory-specific terms
5. Schedule E - Collecting Society Registrations: Details of relevant collecting society registrations and split sheets
6. Appendix 1 - Bank Details: Payment information for royalty transfers
7. Appendix 2 - Authorized Uses: Specific approved uses and any pre-approved licensing arrangements
Authors
Music Industry
Entertainment
Digital Media
Publishing
Broadcasting
Film and Television
Gaming
Advertising
Live Events
Digital Technology
Legal
Royalty Administration
Copyright
Business Affairs
Finance
Digital Rights
Artist Relations
Publishing Administration
Licensing
Accounting
Music Rights Manager
Copyright Administrator
Legal Counsel
Royalty Manager
Music Publisher
Business Affairs Director
Artist Manager
Music Licensing Executive
Royalty Accountant
Contract Administrator
Music Business Affairs Manager
IP Rights Specialist
Music Industry Consultant
Digital Rights Manager
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