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Master Recording Ownership Agreement
"I need a Master Recording Ownership Agreement for my Nigerian record label to acquire full ownership rights of a catalog of 50 jazz recordings from an independent producer, including all digital and international distribution rights, with completion planned for March 2025."
1. Parties: Identification of the parties entering into the agreement, including their legal status and contact details
2. Background: Context of the agreement, including the creation/existence of the master recordings and the parties' intention to transfer ownership
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Master Recordings', 'Rights', 'Territory', etc.
4. Grant of Rights: Explicit transfer of ownership and all associated rights in the master recordings
5. Consideration: Details of payment terms, including any upfront payments and ongoing royalties
6. Representations and Warranties: Seller's warranties regarding ownership, quality, and rights to transfer the recordings
7. Delivery Requirements: Specifications for the delivery of master recordings and associated materials
8. Rights and Obligations: Ongoing rights and obligations of both parties after the transfer
9. Indemnification: Provisions for indemnification against claims or breaches
10. Confidentiality: Obligations regarding confidential information and trade secrets
11. Term and Termination: Duration of the agreement and circumstances for termination
12. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
13. General Provisions: Standard boilerplate clauses including notices, entire agreement, and amendments
1. Artist Approval Rights: Used when the original artist retains certain approval rights over the use of the recordings
2. International Distribution: Include when the recordings will be distributed internationally, addressing specific territory requirements
3. Digital Rights Management: Special provisions for digital distribution and protection measures
4. Sampling Rights: Specific provisions regarding the right to sample the recordings in other works
5. Producer Rights: Include when there are specific producer rights or royalties to be addressed
6. Neighbouring Rights: Used when dealing with specific performance rights and broadcasting rights
7. Currency and Exchange: Include when payments involve international currency transactions
8. Third Party Clearances: Used when specific third-party rights need to be cleared or addressed
1. Schedule A - Master Recordings: Detailed list of all master recordings covered by the agreement, including recording details and metadata
2. Schedule B - Payment Terms: Detailed breakdown of payment structure, including any advance payments, royalty rates, and payment schedules
3. Schedule C - Technical Specifications: Technical requirements for master recordings, including format specifications and quality standards
4. Schedule D - Existing Agreements: List of any existing licenses, distribution agreements, or other relevant contracts
5. Schedule E - Credit Requirements: Details of required credits and attributions for the recordings
6. Appendix 1 - Due Diligence Report: Summary of copyright searches and ownership verification
7. Appendix 2 - Quality Control Standards: Detailed quality control requirements and acceptance criteria
8. Appendix 3 - Territory Restrictions: Specific territorial restrictions or requirements for different jurisdictions
Authors
Master Recordings
Sound Recordings
Effective Date
Territory
Intellectual Property Rights
Copyright
Neighbouring Rights
Mechanical Rights
Synchronisation Rights
Digital Rights
Broadcasting Rights
Public Performance Rights
Consideration
Delivery Materials
Technical Specifications
Recording Costs
Net Receipts
Gross Receipts
Royalties
Related Rights
Commercial Release
Digital Platforms
Distribution Rights
Exploitation
Licensed Rights
Marketing Materials
Metadata
Original Artist
Producer
Publishing Rights
Recording Industry
Sampling Rights
Term
Third Party Rights
Associated Materials
Confidential Information
Delivery Date
Force Majeure
Intellectual Property Claims
Quality Standards
Revenue Share
Nigerian Content Requirements
Broadcasting Standards
Local Distribution Territory
International Territory
Assignment of Rights
Grant of Rights
Payment Terms
Royalties
Warranties and Representations
Indemnification
Delivery Requirements
Technical Specifications
Quality Control
Confidentiality
Non-Disclosure
Intellectual Property
Copyright Protection
Territory Rights
Digital Rights
Distribution Rights
Performance Rights
Broadcasting Rights
Mechanical Rights
Synchronization Rights
Sampling Rights
Credit and Attribution
Marketing Rights
Third Party Rights
Force Majeure
Termination
Governing Law
Dispute Resolution
Amendment
Assignment
Severability
Entire Agreement
Notices
Waiver
Costs and Expenses
Further Assurance
Duration
Compliance with Laws
Local Content Requirements
Music Industry
Entertainment
Media
Digital Content
Broadcasting
Film and Television
Advertising
Publishing
Technology
Retail
Legal
Business Affairs
Rights Management
Copyright Administration
Artist & Repertoire
Content Acquisition
Licensing
Publishing
Digital Distribution
Finance
Legal Counsel
Head of Legal
Music Rights Manager
A&R Director
Business Affairs Manager
Copyright Manager
Licensing Manager
Music Producer
Recording Artist
Label Executive
Music Publishing Executive
Content Acquisition Manager
Music Rights Administrator
Entertainment Lawyer
Contract Manager
Intellectual Property Manager
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