Music Agreement
Music Agreement
I. PARTIES
This Music Recording Agreement (the "Agreement") is entered into as of August 21, 2050, by and between:
[Your Company Name], with its principal place of business located at [Your Company Address] ("Record Label"), and John Doe, residing at 123 Music Lane, Los Angeles, CA 90001 ("Artist").
II. SCOPE OF WORK
The Artist agrees to record an album (the "Work") under the terms and conditions specified in this Agreement. The Work shall consist of 12 tracks to be recorded at The Sound Studio, located at 456 Studio Road, Los Angeles, CA 90002.
III. PAYMENT TERMS
-
Advance Payment: The Record Label agrees to pay the Artist an advance of $50,000 USD upon execution of this Agreement. This advance shall be recoupable against future royalties.
-
Recording Costs: The Record Label shall cover all reasonable costs associated with the recording of the Work, including studio time, producer fees, and other related expenses.
-
Royalties: The Artist shall receive royalties of 15% of the net revenue generated from the sale of the Work. Royalties shall be paid quarterly within 30 days after the end of each calendar quarter.
IV. RIGHTS AND OWNERSHIP
-
Ownership: The Record Label shall own all rights, title, and interest in and to the Work, including but not limited to all copyrights.
-
Licensing: The Record Label shall have the exclusive right to license the Work for all uses, including but not limited to distribution, synchronization, and public performance.
-
Approval: The Artist shall have the right to approve the final version of the Work before its release, provided that such approval shall not be unreasonably withheld.
V. OBLIGATIONS OF THE ARTIST
-
Recording Schedule: The Artist agrees to adhere to the recording schedule as outlined by the Record Label. Delays caused by the Artist may result in additional costs.
-
Promotion: The Artist agrees to participate in promotional activities, including interviews and appearances, as reasonably requested by the Record Label.
-
Exclusivity: During the term of this Agreement, the Artist shall not record any music for any other label or third party without the prior written consent of the Record Label.
VI. TERM AND TERMINATION
-
Term: This Agreement shall commence on the date first written above and shall continue until the completion of the Work and the fulfillment of all obligations by both parties.
-
Termination: Either party may terminate this Agreement upon 60 days' written notice if the other party breaches any material term of this Agreement and fails to cure such breach within the notice period.
-
Effect of Termination: Upon termination, the Record Label shall have the right to retain all rights to the Work as specified in Section IV.
VII. CONFIDENTIALITY
Both parties agree to keep the terms of this Agreement and any confidential information disclosed in connection with the Work strictly confidential and shall not disclose such information to any third party without prior written consent.
VIII. MISCELLANEOUS
-
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state of California, without regard to its conflict of law principles.
-
Dispute Resolution: Any disputes arising under this Agreement shall be resolved through binding arbitration in Los Angeles, California.
-
Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings.
-
Amendments: No amendment to this Agreement shall be valid unless made in writing and signed by both parties.
IX. CONTACT INFORMATION
For all correspondence relating to this Agreement, please contact:
Record Label:
[Your Company Name]
[Your Company Address]
[Your Company Email]
Artist:
John Doe
john.doe@email.com
IN WITNESS WHEREOF, the parties hereto have executed this Music Recording Agreement as of the date first above written.
[Your Company Name]
Name: [Your Name]
Title: Executive Director
Name: John Doe
Title: Artist
