Record Label Contract Template for New Zealand

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Key Requirements PROMPT example:

Record Label Contract

"I need a Record Label Contract for signing a new indie rock band based in Auckland, with specific provisions for worldwide digital distribution rights and merchandise revenue sharing, to commence from March 2025."

Document background
The Record Label Contract serves as the foundational document for establishing a professional relationship between music artists and record labels in New Zealand. This agreement is essential when a record label wishes to sign an artist or band for the purpose of recording, distributing, and commercializing their music. It encompasses crucial elements such as recording commitments, rights assignments, royalty structures, and marketing obligations, all while ensuring compliance with New Zealand's Copyright Act 1994 and related legislation. The contract is typically used at the beginning of a recording relationship but can also be employed for contract renewals or renegotiations. It includes detailed provisions for both traditional and digital distribution channels, ensuring comprehensive coverage of modern music industry requirements while adhering to New Zealand's legal framework.
Suggested Sections

1. Parties: Identification of the Record Label and the Artist/Band members

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement including 'Recordings', 'Territory', 'Term', 'Net Profits', etc.

4. Term and Territory: Duration of the agreement and geographical scope of rights granted

5. Recording Commitment: Number of albums/singles to be recorded and delivery requirements

6. Recording Process: Details about studio selection, producer approval, recording budgets and timelines

7. Grant of Rights: Rights granted to the label including recording, distribution, and exploitation rights

8. Royalties and Payments: Payment terms, royalty rates, accounting periods, and audit rights

9. Marketing and Promotion: Label's obligations regarding promotion, marketing efforts, and artist approval rights

10. Artist Obligations: Artist's commitments, exclusivity terms, and performance requirements

11. Warranties and Representations: Artist and label warranties regarding rights, capacity, and non-infringement

12. Termination: Circumstances for contract termination and consequences

13. General Provisions: Standard clauses including notices, assignment, governing law, and dispute resolution

Optional Sections

1. Music Publishing: Include when the label will also handle publishing rights

2. Merchandising Rights: Include when the label will have rights to produce and sell merchandise

3. Digital Distribution: Specific terms for digital platforms and social media when requiring detailed coverage

4. Live Performance: Include when the label has involvement in live performances or touring

5. Multiple Artist Provisions: Include for bands to address member changes and individual obligations

6. International Rights: Detailed provisions for international distribution and sub-licensing

7. Producer Agreement: Include when the label assigns or has approval rights over producers

8. Sample Clearance: Include when the artist regularly uses samples in their music

9. Artist Development: Include for new artists requiring specific development support

Suggested Schedules

1. Schedule 1 - Recording Budget: Detailed breakdown of recording budgets and allowable expenses

2. Schedule 2 - Royalty Calculations: Detailed methodology for calculating different types of royalties

3. Schedule 3 - Delivery Requirements: Technical specifications for recordings and promotional materials

4. Schedule 4 - Approved Recording Studios: List of pre-approved recording studios and producers

5. Schedule 5 - Marketing Commitments: Specific marketing and promotion commitments by the label

6. Schedule 6 - Artist Images and Trademarks: Approved artist names, logos, and images for commercial use

7. Appendix A - Required Metadata: Required metadata format for digital distribution

8. Appendix B - Territory Restrictions: Specific restrictions or requirements for different territories

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Music Industry

Entertainment

Media

Digital Content

Publishing

Live Events

Merchandising

Digital Distribution

Creative Arts

Relevant Teams

Legal

Artist & Repertoire

Business Affairs

Rights Management

Marketing

Digital Distribution

Finance

Creative

Production

Artist Development

Relevant Roles

A&R Manager

Legal Counsel

Music Producer

Artist Manager

Business Affairs Director

Rights Manager

Marketing Director

Digital Distribution Manager

CEO

Contract Administrator

Publishing Manager

Finance Manager

Talent Scout

Creative Director

Project Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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