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Music Partnership Agreement
"I need a Music Partnership Agreement for a 4-member rock band based in Cape Town, with equal profit sharing and joint ownership of our band name, upcoming album recordings, and merchandising rights, with the partnership commencing on January 15, 2025."
1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the partnership formation and general intentions of the parties
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Partnership Structure: Legal structure of the partnership, including ownership percentages and voting rights
5. Contributions: Details of initial and ongoing contributions by each partner (financial, equipment, intellectual property, etc.)
6. Rights and Responsibilities: Core duties and rights of each partner in the music partnership
7. Intellectual Property: Ownership and management of musical works, recordings, and other IP created within the partnership
8. Revenue and Profit Sharing: Framework for sharing revenue, profits, and losses between partners
9. Management and Decision Making: Procedures for partnership management and decision-making processes
10. Accounting and Financial Records: Requirements for maintaining financial records and handling partnership accounts
11. Term and Termination: Duration of the partnership and conditions for termination
12. Dispute Resolution: Procedures for resolving conflicts between partners
13. General Provisions: Standard legal clauses including governing law, notices, and amendments
1. Recording and Production: Specific arrangements for recording and production activities, used when the partnership involves studio work
2. Live Performance: Terms specific to live performances and touring, included when the partnership involves live shows
3. Digital Distribution: Arrangements for digital platform distribution, included when partners handle their own digital distribution
4. Publishing Rights: Detailed publishing arrangements, used when the partnership manages its own publishing
5. Merchandise: Terms for merchandise creation and revenue sharing, included when merchandise is part of the business model
6. International Rights: Provisions for international exploitation of works, used when operating across borders
7. Band Name Rights: Ownership and usage of band name/trademark, included when a specific band name is involved
8. Social Media and Marketing: Management of social media accounts and marketing efforts, included when partners handle their own marketing
1. Schedule A - Initial Contributions: Detailed list of all initial contributions made by each partner
2. Schedule B - Existing Intellectual Property: Inventory of pre-existing IP brought into the partnership by each partner
3. Schedule C - Revenue Sharing Percentages: Detailed breakdown of revenue sharing arrangements for different income streams
4. Schedule D - Equipment Inventory: List of partnership-owned equipment and instruments
5. Schedule E - Designated Roles: Specific roles and responsibilities assigned to each partner
6. Appendix 1 - Financial Procedures: Detailed procedures for financial management and accounting
7. Appendix 2 - Recording Project Requirements: Technical specifications and requirements for recording projects
8. Appendix 3 - Marketing Guidelines: Guidelines for brand management and marketing activities
Authors
Accounting Period
Band Name
Business Day
Commencement Date
Confidential Information
Copyright
Digital Distribution
Effective Date
Financial Year
Governing Law
Gross Revenue
Initial Contribution
Intellectual Property
Live Performance
Master Recording
Musical Works
Net Profits
Partnership
Partnership Assets
Partnership Property
Performance Rights
Publishing Rights
Recording Costs
Royalties
SAMRO
Sound Recording
Synchronization Rights
Term
Territory
Third Party
Trade Secrets
Music Video
Mechanical Rights
Merchandise
Operating Expenses
Partnership Share
Performance Income
Publishing Income
Recording Project
Related Rights
Reserved Matters
Social Media Accounts
Streaming Revenue
Tour Income
Working Capital
Formation of Partnership
Term and Duration
Partnership Contributions
Capital Accounts
Ownership Structure
Management Rights
Voting Rights
Decision Making
Financial Management
Profit and Loss Sharing
Revenue Distribution
Intellectual Property Rights
Copyright Assignment
Performance Rights
Recording Rights
Publishing Rights
Digital Rights
Merchandising Rights
Band Name Usage
Partnership Property
Equipment Usage
Studio Access
Live Performance
Tour Management
Digital Distribution
Social Media Management
Accounting and Records
Audit Rights
Confidentiality
Non-Competition
Non-Solicitation
Representations and Warranties
Indemnification
Insurance
Death or Incapacity
Withdrawal
Termination
Partnership Dissolution
Asset Distribution
Dispute Resolution
Force Majeure
Assignment
Notices
Amendments
Governing Law
Jurisdiction
Severability
Entire Agreement
Music and Entertainment
Media Production
Creative Arts
Digital Entertainment
Live Entertainment
Music Publishing
Recording Industry
Performance Arts
Digital Media
Entertainment Technology
Legal
Business Affairs
Artist Relations
Rights Management
Publishing
Production
A&R
Finance
Creative Services
Business Development
Contract Administration
Music Producer
Recording Artist
Band Manager
Music Industry Lawyer
Entertainment Attorney
Artist Manager
Record Label Executive
Music Publisher
Business Affairs Manager
Contract Administrator
Rights Manager
A&R Manager
Music Business Consultant
Partnership Manager
Creative Director
Studio Manager
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