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Music Royalty Agreement
"I need a Music Royalty Agreement for a German record label's digital distribution rights, covering streaming platforms across the EU, with quarterly payment terms and a 70-30 revenue split in favor of the rights holder, to commence from March 1, 2025."
1. Parties: Identification of all contracting parties, including the rights holder(s) and the party responsible for royalty payments
2. Background: Context of the agreement, including the nature of the musical works and existing rights
3. Definitions: Detailed definitions of key terms including 'Musical Works', 'Royalties', 'Net Revenue', 'Territory', and other relevant terms
4. Grant of Rights: Specific rights being licensed or assigned, including reproduction, distribution, and performance rights
5. Term and Territory: Duration of the agreement and geographical scope of the rights granted
6. Royalty Rates and Payments: Detailed breakdown of royalty rates, calculation methods, and payment terms
7. Accounting and Reporting: Requirements for financial reporting, royalty statements, and audit rights
8. Collection and Distribution: Process for collecting and distributing royalties, including the role of collecting societies
9. Warranties and Representations: Guarantees regarding ownership of rights and authority to enter into the agreement
10. Assignment and Sub-licensing: Terms governing the transfer of rights and ability to sub-license
11. Termination: Conditions and procedures for ending the agreement
12. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes
13. Execution: Signature blocks and execution requirements
1. Digital Platform Rights: Specific provisions for digital distribution platforms, needed when digital exploitation is part of the agreement
2. International Revenue: Special provisions for international revenue collection, required for multi-territory agreements
3. Promotional Use: Terms for promotional and marketing use of the musical works, included when promotional rights are relevant
4. Moral Rights: Specific provisions regarding moral rights protection, particularly important for songwriter agreements
5. Collective Bargaining Provisions: References to collective agreements, needed when works fall under collective bargaining agreements
6. Music Video Rights: Provisions for music video production and exploitation, included when video rights are part of the deal
7. Synchronization Rights: Terms for synchronization licensing, needed when sync rights are included in the agreement
1. Schedule A - Musical Works: Comprehensive list of all musical works covered by the agreement
2. Schedule B - Royalty Rates: Detailed breakdown of royalty rates for different types of use and territories
3. Schedule C - Accounting Procedures: Specific requirements for financial reporting and payment calculations
4. Schedule D - Collecting Society Affiliations: List of relevant collecting society memberships and registrations
5. Schedule E - Prior Agreements: Details of any existing agreements affecting the musical works
6. Appendix 1 - Payment Details: Banking and payment information for royalty distributions
7. Appendix 2 - Reporting Templates: Standard forms for royalty reporting and accounting
Authors
Music Industry
Entertainment
Media & Broadcasting
Digital Media
Publishing
Live Events & Performance
Technology & Streaming
Film & Television
Gaming Industry
Advertising & Marketing
Legal
Business Affairs
Licensing
Rights Management
Royalty Administration
Finance
Publishing
Digital Distribution
Content Acquisition
International Relations
Business Development
Music Rights Manager
Copyright Administrator
Legal Counsel
Licensing Manager
Business Affairs Director
Royalty Administrator
Publishing Manager
A&R Director
Contracts Manager
Content Acquisition Manager
Music Supervisor
Digital Rights Manager
International Licensing Director
Business Development Manager
Finance Director
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