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Music Royalty Contract
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
Musical Work
Sound Recording
Composition
Territory
Term
Effective Date
Royalty Rate
Net Revenue
Gross Revenue
Digital Service Provider
Streaming
Download
Physical Product
Synchronization Rights
Mechanical Rights
Performance Rights
Publishing Rights
Master Rights
Collecting Society
Quarter
Accounting Period
Minimum Guarantee
Advance
Sub-Publishing Rights
Neighbouring Rights
Public Performance
Broadcasting
Digital Exploitation
Physical Exploitation
Permitted Use
Copyright Owner
Author's Share
Publisher's Share
Administrative Fee
Reserve Against Returns
Compilation
Adaptation
Arrangement
Commercial Release
Distribution Channel
Marketing Materials
Promotional Use
Reporting Period
Statement of Account
Audit Rights
Force Majeure
Controlled Composition
Original Material
Release Commitment
Chart Company
Grant of Rights
Term and Territory
Royalty Payments
Accounting and Audit
Warranties and Representations
Indemnification
Assignment and Sub-Licensing
Confidentiality
Intellectual Property
Payment Terms
Reporting Obligations
Termination
Force Majeure
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Non-Circumvention
Creative Control
Marketing and Promotion
Collective Management
Digital Exploitation
Mechanical Rights
Performance Rights
Synchronization Rights
Minimum Guarantee
Advances
Recoupment
Reserve Against Returns
Sub-Publishing
Third Party Rights
Data Protection
Competition Compliance
Moral Rights
Retention of Rights
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