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Label Licence
"I need a Label Licence agreement for a new indie rock band signing with my record label, covering digital and streaming rights in the UK and Europe, with an initial term of 3 years starting January 2025 and two one-year extension options."
1. Parties: Identification of the record label and artist/band
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Grant of Rights: Scope of rights being licensed to the label
5. Term: Duration of the agreement including any option periods
6. Recording Obligations: Artist's obligations regarding recordings
7. Royalties: Payment terms and royalty calculations
8. Accounting: Requirements for financial reporting and payments
1. Marketing and Promotion: Details of promotional activities and responsibilities when specific marketing commitments are agreed
2. Touring Obligations: Requirements for live performances when live performance is part of the deal
3. Territory Restrictions: Geographical limitations on rights when rights are territory-specific
4. Merchandising Rights: Terms for merchandise production and sales when merchandising is included in the deal
1. Recording Schedule: Detailed timeline for delivery of recordings
2. Royalty Calculations: Detailed breakdown of royalty rates and calculations
3. Minimum Recording Requirements: Technical specifications for recordings
4. Approved Recording Budget: Agreed budget for recording process
5. Territory List: List of territories covered by the agreement
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