The Master License Music agreement is essential when a party seeks to obtain broad rights to use and exploit musical works in Singapore and potentially other territories. This contract type is particularly relevant in today's digital age where music distribution spans multiple platforms and formats. It provides comprehensive coverage of rights, permissions, and obligations while ensuring compliance with Singapore's Copyright Act 2021 and related legislation. The agreement typically includes detailed provisions for royalty calculations, usage restrictions, and quality control measures.
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Key Requirements PROMPT example:
Master License Music
"I need a Master License Music agreement for my Singapore-based record label to license a catalog of 50 songs to a global streaming platform, with specific provisions for Asia-Pacific territories and revenue sharing based on stream counts."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and ownership status of the musical works
3. Definitions: Key terms used throughout the agreement including musical works, territory, and usage rights
4. Grant of Rights: Specific rights being licensed and their scope, including reproduction, distribution, and performance rights
5. Territory: Geographical scope of the license and any territorial restrictions
6. Term: Duration of the license agreement including commencement date and renewal terms
7. Fees and Payment Terms: Financial terms including royalties, payment schedules, and reporting requirements
8. Warranties and Representations: Legal guarantees by both parties regarding ownership, rights, and authority to enter agreement
1. Sub-licensing Rights: Terms and conditions for sub-licensing of musical works to third parties
2. Digital Rights Management: Technical protection measures and digital distribution requirements
3. Moral Rights: Provisions regarding the treatment and protection of author's moral rights
4. Quality Control: Standards for reproduction and distribution of the musical works
1. Schedule 1 - Licensed Works: Complete list of musical works covered by the license including titles, composers, and rights owned
2. Schedule 2 - Royalty Calculations: Detailed breakdown of payment terms, royalty rates, and calculation methodologies
3. Schedule 3 - Permitted Uses: Comprehensive list of authorized uses and any specific restrictions or requirements
4. Schedule 4 - Technical Delivery Requirements: Format specifications, quality standards, and delivery methods for musical works
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