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Master Recording Split Agreement
"I need a Master Recording Split Agreement for a collaboration between a South African indie record label and three independent artists, with a 40/20/20/20 revenue split arrangement, including specific provisions for international streaming rights and YouTube revenue sharing."
1. Parties: Identification of all parties involved in the agreement, including artists, producers, record labels, and other rights holders
2. Background: Context of the agreement, including the creation of the master recordings and the parties' roles
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Master Recordings', 'Net Income', 'Territory', etc.
4. Ownership of Master Recordings: Clear statement of ownership rights and percentages for each party
5. Revenue Split: Detailed breakdown of how revenue from the master recordings will be split between parties
6. Distribution Rights: Terms regarding the distribution and exploitation of the master recordings
7. Accounting and Payment: Procedures for accounting, payment schedules, and audit rights
8. Representations and Warranties: Parties' assertions regarding their rights, authority, and obligations
9. Term and Termination: Duration of the agreement and conditions for termination
10. General Provisions: Standard legal clauses including governing law, jurisdiction, and notices
1. Sampling Rights: Terms for allowing or restricting sampling of the master recordings, used when parties want to explicitly address sampling
2. International Rights: Specific provisions for international exploitation, needed when distribution extends beyond South Africa
3. Digital Platform Rights: Specific terms for digital platform distribution, important for digital-focused distribution strategies
4. Producer Credits: Requirements for producer credits in various formats, relevant when producer credits are a significant concern
5. Stems and Multitracks: Rights and usage of individual track components, important for remixes or future modifications
6. Dispute Resolution: Specific procedures for resolving disputes, recommended for high-value agreements
7. Marketing and Promotion: Terms regarding marketing responsibilities and costs, relevant when parties share promotional duties
1. Schedule A - Master Recordings: Detailed list of all master recordings covered by the agreement
2. Schedule B - Revenue Split Percentages: Detailed breakdown of split percentages for different types of income
3. Schedule C - Accounting Procedures: Specific procedures for accounting and payment calculations
4. Schedule D - Approved Digital Platforms: List of approved digital distribution platforms
5. Appendix 1 - Credit Requirements: Detailed requirements for credits on various formats and platforms
6. Appendix 2 - Territory Restrictions: Specific restrictions or requirements for different territories
Authors
Master Recording
Sound Recording
Recording Costs
Net Income
Gross Income
Territory
Term
Effective Date
Recording Period
Commercial Release
Digital Distribution
Physical Distribution
Streaming
Download
Synchronization Rights
Mechanical Rights
Performance Rights
Neighboring Rights
Publishing Rights
Split Share
Revenue Share
Accounting Period
Statement Period
Digital Service Provider
Physical Product
Marketing Costs
Distribution Costs
Recoupable Expenses
Non-Recoupable Expenses
Producer Royalty
Artist Royalty
Label Share
Sampling Rights
Exploitation
Licensed Rights
Related Rights
Music Video
Promotional Use
Commercial Use
Release Date
Recording Schedule
Payment Schedule
Advance
Stems
Multi-tracks
Mixed Version
Master Version
Third Party Income
Reserve
Audit Rights
Controlled Composition
Copyright Owner
Intellectual Property Rights
Revenue Distribution
Payment Terms
Accounting
Audit Rights
Intellectual Property
Confidentiality
Representations and Warranties
Rights Grant
Territory Rights
Term and Termination
Distribution Rights
Digital Rights
Synchronization Rights
Credit Rights
Marketing and Promotion
Recording Delivery
Quality Control
Sampling Rights
Dispute Resolution
Force Majeure
Assignment
Non-Circumvention
Notices
Governing Law
Jurisdiction
Entire Agreement
Amendment
Severability
Waiver
Third Party Rights
Costs
Further Assurance
Indemnification
Limitation of Liability
Music Industry
Entertainment
Digital Media
Broadcasting
Live Entertainment
Music Publishing
Digital Distribution
Recording Industry
Audio Production
Performing Arts
Legal
Business Affairs
Rights Management
Royalty Administration
Finance
Digital Operations
Artist & Repertoire
Copyright Administration
Contract Administration
Publishing
Music Producer
A&R Manager
Legal Counsel
Rights Manager
Business Affairs Manager
Artist Manager
Recording Artist
Sound Engineer
Music Industry Executive
Copyright Administrator
Royalty Manager
Contract Administrator
Music Publishing Manager
Digital Rights Manager
Finance Manager
Studio Manager
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