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Master Recording Split Agreement
1. Parties: Identification of all parties involved in the agreement, including their legal status and contact information
2. Background: Context of the agreement, including the creation of the master recording and the parties' intentions
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Ownership of Master Recordings: Clear statement of ownership rights and percentages in the master recordings
5. Revenue Splits: Detailed breakdown of how revenue from the recordings will be split between parties
6. Distribution and Exploitation Rights: Terms governing the distribution and exploitation of the recordings
7. Accounting and Payment: Procedures for accounting, payment schedules, and audit rights
8. Representations and Warranties: Parties' confirmations regarding their rights and abilities to enter the agreement
9. Credit and Attribution: Requirements for crediting parties in connection with the recordings
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Confidentiality: Obligations regarding confidential information
12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
13. General Provisions: Standard contractual provisions including notices, amendments, and severability
1. Sample Clearance: Terms regarding the clearance of samples used in the recordings, if applicable
2. Third Party Administration: Provisions for administration of rights by collecting societies or other third parties
3. International Territory Provisions: Specific terms for international exploitation if the recording will be distributed globally
4. Producer Rights: Additional provisions regarding producer rights if a producer is party to the agreement
5. Promotional Use: Special terms for promotional use of the recordings
6. Remix Rights: Terms governing the creation and exploitation of remixes
7. Secondary Income: Provisions for sharing income from secondary uses like synchronization or sampling
8. NFT and Web3 Rights: Terms for exploitation in new technology formats, if relevant
1. Schedule A - Master Recordings: List and details 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 Statement Template: Template for regular accounting statements
4. Schedule D - Credit Requirements: Detailed requirements for crediting on different platforms and formats
5. Schedule E - Territory List: List of territories where the agreement applies
6. Appendix 1 - Recording Information: Technical details of the recordings including ISRC codes and metadata
7. Appendix 2 - Payment Details: Banking and payment information for all parties
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