An Exclusive License Music agreement is essential when a rights holder wishes to grant sole authority to another party to use and commercialize musical works. This document, governed by Singapore law, establishes the exclusive relationship between the licensor and licensee, detailing specific rights granted, territories covered, and compensation terms. It's particularly crucial in the modern digital music landscape, where clear ownership and usage rights are essential for commercialization. The agreement includes comprehensive provisions for both traditional and digital exploitation of music, ensuring compliance with Singapore's Copyright Act 2021 and international copyright conventions.
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Key Requirements PROMPT example:
Exclusive License Music
"I need an Exclusive License Music agreement for a Singapore-based record label to license my original music compositions for distribution across Southeast Asia, with a 5-year term starting January 2025 and quarterly royalty payments of 15% of net revenue."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and ownership confirmation of the musical work
3. Definitions: Key terms used throughout the agreement including musical works, territory, and rights granted
4. Grant of Rights: Specific rights being licensed exclusively including performance, reproduction, and distribution rights
5. Territory: Geographical scope of the license and any territorial restrictions
6. Term: Duration of the license agreement including commencement and expiry dates
7. Royalties and Payments: Financial terms, payment schedule, reporting requirements and audit rights
8. Warranties and Representations: Legal assurances from both parties regarding ownership and authority to license
9. Termination: Conditions for ending the agreement and post-termination obligations
1. Sub-licensing Rights: Terms and conditions under which the licensee may sub-license the musical works to third parties
2. Quality Control: Standards for music usage, reproduction and distribution quality requirements
3. Marketing and Promotion: Terms regarding promotion, advertising and credit requirements
4. Digital Rights Management: Provisions for digital distribution, protection measures and platform-specific requirements
1. Schedule 1: Musical Works: Detailed list of licensed musical works including titles, composers, and registration numbers
2. Schedule 2: Territory Details: Specific geographical regions and any territory-specific terms or restrictions
3. Schedule 3: Royalty Calculations: Detailed breakdown of royalty rates, calculation methods and payment terms
4. Appendix A: Technical Specifications: Technical requirements for music reproduction, distribution and quality standards
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