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Recording License Agreement
"I need a Recording License Agreement for worldwide digital distribution rights to a catalog of 50 electronic dance music tracks, with a term of 3 years starting January 1, 2025, including rights for streaming platforms and download stores."
1. Parties: Identification of the licensor (recording owner) and licensee, including full legal names and addresses
2. Background: Context of the agreement, identifying the recordings being licensed and the parties' intentions
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Recordings', 'Territory', 'Term', 'Net Receipts', etc.
4. Grant of Rights: Specific rights being licensed, including reproduction, distribution, and exploitation rights
5. Term and Territory: Duration of the license and geographical areas where rights can be exercised
6. Financial Terms: Payment terms, including advances, royalty rates, accounting periods, and payment methods
7. Delivery and Materials: Requirements for delivery of master recordings and associated materials
8. Quality Control: Standards for reproduction and distribution of the recordings
9. Marketing and Promotion: Obligations regarding marketing and promotion of the recordings
10. Warranties and Representations: Guarantees from both parties regarding rights ownership and authority to enter agreement
11. Indemnification: Mutual indemnification provisions for breach of warranties or third-party claims
12. Accounting and Audit Rights: Details of financial reporting and audit procedures
13. Termination: Circumstances under which the agreement can be terminated and consequences
14. General Provisions: Standard legal clauses including governing law, notices, and assignment rights
1. Manufacturing and Distribution: Include when physical products are part of the license, detailing manufacturing specifications and distribution requirements
2. Digital Distribution: Specific terms for digital exploitation when agreement focuses on digital platforms
3. Synchronization Rights: Include when licensing includes right to use recordings in audiovisual productions
4. Sub-licensing: Include when licensee is permitted to sub-license the recordings to third parties
5. Artist Approval Rights: Include when original artists retain certain approval rights over use of recordings
6. Minimum Release Commitment: Include when there are specific release obligations for the licensee
7. Foreign Language Versions: Include when rights to create versions in other languages are part of the license
8. NFT and Web3 Rights: Include when digital assets and blockchain-based exploitation are contemplated
1. Schedule 1 - Licensed Recordings: Detailed list of all recordings covered by the agreement, including metadata
2. Schedule 2 - Territory Restrictions: Specific territorial exclusions or special terms for different territories
3. Schedule 3 - Royalty Rates: Detailed breakdown of royalty rates for different types of exploitation
4. Schedule 4 - Technical Specifications: Technical requirements for master recordings and approved formats
5. Schedule 5 - Approved Digital Platforms: List of approved digital service providers and platforms
6. Appendix A - Artwork Guidelines: Specifications for artwork and packaging if physical product is included
7. Appendix B - Marketing Commitments: Detailed marketing and promotion requirements
8. Appendix C - Reporting Templates: Templates for sales reports and royalty statements
Authors
Music Industry
Entertainment
Digital Media
Media & Broadcasting
Technology
Retail (Music)
Live Entertainment
Gaming
Advertising
Film & Television
Legal
Business Affairs
Licensing
Rights Management
Digital Operations
Finance
Royalty Administration
Artist & Repertoire
Business Development
Copyright Administration
Legal Counsel
Music Rights Manager
Licensing Director
Business Affairs Manager
A&R Director
Digital Distribution Manager
Royalty Administrator
Contract Administrator
Copyright Manager
Business Development Director
Artist Manager
Label Manager
Publishing Manager
Operations Director
Finance Manager
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