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Master Recording Split Agreement Template for Denmark

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Master Recording Split Agreement

Document background
The Master Recording Split Agreement is essential in the modern music industry where multiple parties often contribute to the creation of recorded music. This document, governed by Danish law, is typically used when two or more parties need to formalize their ownership rights and revenue sharing arrangements in master recordings. It becomes particularly relevant in situations involving collaborations between artists, producers, and other rights holders, or when recordings are created through joint efforts. The agreement ensures clear documentation of ownership percentages, revenue distribution mechanisms, and exploitation rights while complying with Danish copyright law and EU regulations. It's commonly used in both traditional recording arrangements and modern digital production scenarios, providing a legal framework for managing rights and revenue across various exploitation channels.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

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Relevant Industries
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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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