The Music Royalty Split Agreement is essential in the Australian music industry whenever multiple parties have rights or creative input in a musical work. This document is particularly crucial when collaborators need to formalize their revenue-sharing arrangements. The agreement details how income from various sources (such as streaming, physical sales, synchronization, and performance rights) will be divided, ensuring all parties' interests are protected under Australian law. It typically includes comprehensive information about the musical work, the parties involved, their respective percentage shares, payment mechanisms, and reporting requirements. The agreement must comply with Australian copyright legislation, particularly the Copyright Act 1968 (Cth), and should account for both current and future revenue streams. This type of agreement is fundamental in preventing future disputes and ensuring transparent revenue distribution.
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1. Parties: Identifies all parties to the agreement, including legal names and addresses
2. Background: Establishes the context of the agreement, including the musical work(s) involved and the parties' relationships
3. Definitions: Defines key terms used throughout the agreement, including types of royalties, exploitation methods, and territory
4. Ownership Declaration: Clear statement of copyright ownership and creative contributions
5. Royalty Split Terms: Detailed breakdown of how royalties will be divided between parties
6. Revenue Streams: Specification of which revenue streams are included (mechanical, performance, synchronization, etc.)
7. Payment Terms: Details of payment frequency, method, and currency
8. Accounting and Statements: Requirements for financial reporting and audit rights
9. Term and Termination: Duration of the agreement and conditions for termination
10. Representations and Warranties: Parties' confirmations regarding rights ownership and authority to enter agreement
11. General Provisions: Standard legal clauses including governing law, notices, and amendment procedures
1. International Rights: Additional provisions for international exploitation of the work(s)
2. Sample Clearance: Include when the work contains samples from other compositions
3. Producer Rights: Specific section for producer royalties when a producer is involved
4. Publishing Rights: Detailed publishing split arrangements when publishing rights are involved
5. NFT and Digital Rights: Special provisions for digital and blockchain-based exploitation
6. Live Performance Revenue: Include when live performance revenue is to be shared
7. Merchandising Rights: Include when merchandise revenue is to be shared
8. Credit Requirements: Specific requirements for how parties should be credited
9. Dispute Resolution: Specific procedures for resolving disputes, including mediation or arbitration
1. Schedule A - Musical Work Details: Detailed information about the musical work(s) including registration numbers and composition date
2. Schedule B - Royalty Split Percentages: Detailed breakdown of split percentages for each revenue stream
3. Schedule C - Payment Details: Banking and payment information for all parties
4. Schedule D - Third Party Agreements: List of any relevant third party agreements affecting the splits
5. Schedule E - Copyright Registration Details: Details of copyright registrations and collecting society memberships
6. Appendix 1 - Sample Clearance Documentation: Copies of sample clearance agreements if applicable
7. Appendix 2 - Publishing Agreements: Copies of relevant publishing agreements if applicable
Relevant legal definitions
Clauses
Relevant Industries
Music Industry
Entertainment
Media & Broadcasting
Digital Media
Publishing
Live Entertainment
Recording Industry
Performing Arts
Digital Entertainment
Copyright Management
Relevant Teams
Legal
Rights Management
Royalty Administration
Business Affairs
Copyright Administration
Finance
Licensing
Artist Relations
Publishing Administration
Repertoire Management
Relevant Roles
Music Rights Manager
Copyright Administrator
Legal Counsel
Music Publisher
Artist Manager
Business Affairs Manager
Royalty Administrator
Contract Manager
Music Licensing Manager
Rights and Repertoire Manager
A&R Manager
Music Industry Lawyer
Royalty Accounting Manager
Music Business Affairs Director
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