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Independent Record Label Contract
"I need an Independent Record Label Contract for signing a new electronic music artist based in Toronto, with specific terms for digital-only releases and streaming platform distribution, including provisions for remixes and collaborative works, to be effective from March 2025."
1. Parties: Identification of the Record Label and Artist/Band, including legal names and addresses
2. Background: Context of the agreement, including artist's status and label's business
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Term and Territory: Duration of the agreement and geographical scope of rights granted
5. Recording Commitment: Number of recordings required, delivery schedules, and recording specifications
6. Recording Budget: Budget allocation for recordings and related expenses
7. Rights Granted: Scope of rights granted to the label, including recording, distribution, and exploitation rights
8. Royalties: Royalty rates, calculation methods, and payment terms
9. Advances: Details of any advance payments and recoupment terms
10. Marketing and Promotion: Label's obligations regarding marketing, promotion, and distribution
11. Accounting and Audit Rights: Requirements for financial reporting and artist's audit rights
12. Intellectual Property: Ownership and protection of copyrights, trademarks, and other IP
13. Warranties and Representations: Standard warranties from both parties
14. Termination: Grounds and process for agreement termination
15. General Provisions: Standard legal clauses including notices, assignment, and governing law
1. Merchandising Rights: Include when the label will have rights to produce and sell merchandise
2. Publishing Rights: Include if the label will handle music publishing rights
3. Digital Platform Requirements: Include specific terms for digital distribution platforms
4. Live Performance Revenue: Include if the label will have any rights to live performance income
5. International Distribution: Include detailed terms for international markets
6. Artist Development: Include if the label provides specific artist development services
7. Social Media Management: Include if the label will have control or input over social media
8. Sync Licensing: Include specific terms for synchronization licensing
9. Producer Agreements: Include if specific producers are attached to the project
10. Video Production: Include if music video production is part of the agreement
1. Schedule A - Recording Specifications: Technical requirements for recordings, including format and quality standards
2. Schedule B - Approved Recording Budget: Detailed breakdown of recording budget allocation
3. Schedule C - Royalty Calculations: Detailed formulas and examples of royalty calculations
4. Schedule D - Marketing Plan: Initial marketing strategy and budget allocation
5. Schedule E - Territory Specific Terms: Specific terms for different territories if applicable
6. Schedule F - Mechanical License Terms: Standard mechanical license terms and rates
7. Schedule G - Digital Platform Requirements: Technical specifications for digital distribution
8. Appendix 1 - Artist's Prior Recordings: List of any existing recordings by the artist
9. Appendix 2 - Producer Credits: Details of producers and their credits
10. Appendix 3 - Recoupable Expenses: Detailed list of expenses considered recoupable against advances
Authors
Music Industry
Entertainment
Media Production
Digital Distribution
Publishing
Merchandising
Live Entertainment
Recording Industry
Digital Media
Creative Arts
Legal
Business Affairs
Artist & Repertoire
Marketing
Distribution
Finance
Digital Operations
Rights Management
Artist Relations
Production
Royalty Administration
Legal Counsel
Artist Manager
A&R Manager
Business Affairs Manager
CEO/Label Owner
Marketing Director
Distribution Manager
Rights Manager
Contract Administrator
Music Producer
Artist Relations Manager
Digital Rights Manager
Finance Manager
Royalty Administrator
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