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Exclusive Licence Music
"I need an Exclusive License Music agreement to grant exclusive rights to a record label for my instrumental music catalog, covering all European territories, with an advance payment of £50,000 and quarterly royalty payments of 15%, starting from March 2025."
1. Parties: Details of the licensor and licensee
2. Background: Context of the agreement and ownership declaration of the musical work
3. Definitions: Key terms used throughout the agreement including Musical Works, Territory, and Term
4. Grant of Rights: Specific rights being licensed and territorial scope
5. Term: Duration of the license and any renewal provisions
6. Payments and Royalties: Financial terms including advances, royalty rates, and payment schedules
7. Warranties and Representations: Legal guarantees from both parties regarding ownership and right to license
8. Termination: Circumstances under which the agreement can be terminated and consequences of termination
1. Sub-licensing Rights: Provisions for when licensee may need to sub-license the music to third parties
2. Moral Rights: Specific provisions regarding attribution and integrity of the work
3. Minimum Performance Requirements: Specific targets or obligations for the licensee to ensure active exploitation of the music
1. Schedule 1 - Musical Works: Detailed list of all musical works covered by the license including composers and rights information
2. Schedule 2 - Territory: Detailed description of territorial scope and any territory-specific terms
3. Schedule 3 - Royalty Calculations: Detailed breakdown of royalty calculations, payment mechanisms and reporting requirements
4. Schedule 4 - Approved Uses: Specific permitted uses of the licensed music and any usage restrictions
Authors
Territory
Term
Effective Date
Exclusive Rights
Royalties
Net Receipts
Accounting Period
Commercial Release
Mechanical Rights
Performance Rights
Synchronisation Rights
Digital Rights
Publishing Rights
Master Recording
Intellectual Property Rights
Distribution Channels
Licensed Material
Permitted Use
Advance Payment
Minimum Guarantee
Copyright Work
Related Rights
Sub-License
Exclusivity
Term and Territory
Royalties
Payment Terms
Accounting and Audit Rights
Warranties and Representations
Intellectual Property
Sub-Licensing
Moral Rights
Delivery of Materials
Quality Control
Confidentiality
Termination
Force Majeure
Assignment
Notices
Indemnification
Dispute Resolution
Governing Law
Entire Agreement
Credit and Attribution
Performance Requirements
Reporting Obligations
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