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Music Licensing Contract
"I need a Music Licensing Contract for my indie record label to license our catalog of 50 songs to a streaming platform, with worldwide rights and a 5-year term starting January 2025, including quarterly reporting requirements."
1. Parties: Details of the licensor and licensee, including registered addresses and company numbers
2. Background: Context of the agreement and ownership confirmation of the musical works
3. Definitions: Key terms including 'Musical Works', 'Territory', 'Term', 'Royalties', 'Net Revenue'
4. Grant of Rights: Specific rights being licensed and any restrictions
5. Term and Territory: Duration of the license and geographical scope
6. Payment Terms: Royalty rates, payment schedule, and accounting provisions
7. Warranties and Representations: Standard warranties about ownership and right to license
8. Termination: Circumstances for termination and consequences
1. Minimum Guarantee: Optional provisions for minimum payment guarantees, typically used for exclusive licenses or high-value works
2. Sub-licensing Rights: Optional provisions for granting sub-licenses, used when licensee needs to further license the rights
3. Creative Control: Optional provisions for approval rights over use of the music, used for sensitive works or brand protection
4. Marketing Obligations: Optional provisions for minimum marketing commitments, used for promotional licenses or new releases
1. Schedule 1 - Licensed Works: Detailed list of musical works covered by the license
2. Schedule 2 - Royalty Calculations: Detailed breakdown of royalty rates and calculation methods
3. Schedule 3 - Approved Uses: Specific approved uses and any restrictions
4. Schedule 4 - Technical Delivery Requirements: Format and quality requirements for music delivery
5. Appendix A - Reporting Template: Standard format for royalty reporting
Authors
Authorized Use
Collection Society
Commencement Date
Commercial Release
Composition
Confidential Information
Copyright
Digital Distribution
Effective Date
Exploitation
Force Majeure
Gross Revenue
Initial Term
Intellectual Property Rights
Licensed Material
Licensed Rights
Licensed Works
Mechanical Rights
Music Publishing Rights
Net Revenue
Performing Rights
Publishing Share
Recording
Renewal Term
Royalties
Royalty Period
Royalty Rate
Sound Recording
Synchronization Rights
Territory
Term
Third Party
Usage Report
Writer's Share
Scope of Rights
Territory and Term
Exclusivity
Royalties
Payment Terms
Accounting and Audit Rights
Delivery of Materials
Quality Control
Creative Control
Credit and Attribution
Warranties and Representations
Intellectual Property Rights
Sub-licensing
Confidentiality
Moral Rights
Termination
Force Majeure
Assignment
Indemnification
Limitation of Liability
Dispute Resolution
Governing Law
Entire Agreement
Amendments
Notices
Severability
Third Party Rights
Performance Obligations
Reporting Requirements
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