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Master Recording License Agreement Template for New Zealand

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Key Requirements PROMPT example:

Master Recording License Agreement

"I need a Master Recording License Agreement for licensing my record label's entire catalog to a digital distributor for worldwide digital exploitation, including streaming and downloads, starting January 2025, with quarterly reporting requirements and sub-licensing rights."

Document background
The Master Recording License Agreement is a crucial legal document used in the New Zealand music industry when one party wishes to grant another party the right to use and exploit master recordings. This agreement is essential when record labels, music publishers, or independent artists want to license their recordings for distribution, streaming, or other commercial uses. It encompasses detailed provisions for rights granted, territorial scope, payment structures, and technical requirements, all aligned with New Zealand copyright law and industry practices. The document is particularly important in the digital age, where multiple exploitation channels exist and clear licensing terms are essential for protecting intellectual property rights and ensuring proper commercialization of recordings.
Suggested Sections

1. Parties: Identification of the licensor (rights holder) and licensee, including full legal names and addresses

2. Background: Context of the agreement, including ownership confirmation of the master recordings and purpose of the license

3. Definitions: Detailed definitions of key terms including 'Master Recordings', 'Territory', 'Term', 'Net Receipts', and other relevant terms

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. Payment Terms: License fees, royalties, accounting periods, and payment methods

7. Delivery of Masters: Requirements for delivery of master recordings, technical specifications, and delivery timeline

8. Marketing and Promotion: Rights and obligations regarding marketing of the recordings

9. Warranties and Representations: Warranties regarding ownership, authority to license, and quality of recordings

10. Credit and Artwork: Requirements for crediting artists and using artwork

11. Confidentiality: Obligations regarding confidential information

12. Termination: Circumstances allowing termination and consequences of termination

13. General Provisions: Standard legal provisions including notices, assignment, and governing law

Optional Sections

1. Sub-Licensing Rights: Include when licensee is permitted to sub-license the recordings to third parties

2. Digital Platform Requirements: Include for digital-specific distribution arrangements

3. Minimum Guarantee: Include when there's a minimum payment guarantee requirement

4. Synchronization Rights: Include if licensing includes right to use recordings in audio-visual works

5. Artist Approval Rights: Include when artist retains specific approval rights over usage

6. Mechanical Licensing: Include if agreement covers mechanical reproduction rights

7. NFT and Web3 Rights: Include for agreements covering digital collectibles and blockchain-based exploitation

8. Export Restrictions: Include when there are specific territory restrictions or export controls

Suggested Schedules

1. Schedule 1: Master Recordings: Detailed list of all master recordings covered by the agreement, including recording details and metadata

2. Schedule 2: Technical Specifications: Technical requirements for master recordings, including format, quality standards, and delivery specifications

3. Schedule 3: Royalty Calculations: Detailed breakdown of royalty rates, deductions, and calculation methods

4. Schedule 4: Approved Territory List: Specific territories where rights are granted, including any territory-specific terms

5. Schedule 5: Marketing Commitments: Detailed marketing and promotion requirements, including minimum spend if applicable

6. Appendix A: Artwork Guidelines: Specifications for artwork usage and brand guidelines

7. Appendix B: Reporting Templates: Standard templates for sales reports and royalty statements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






































Clauses






























Relevant Industries

Music Industry

Entertainment

Digital Media

Broadcasting

Film and Television

Gaming

Advertising

Digital Entertainment

Technology

Relevant Teams

Legal

Business Affairs

Rights Management

Licensing

Digital Distribution

Content Acquisition

Artist & Repertoire

Music Publishing

Copyright Administration

Royalties

Relevant Roles

Legal Counsel

Music Rights Manager

Licensing Manager

A&R Director

Business Affairs Manager

Copyright Administrator

Digital Rights Manager

Music Publishing Manager

Contract Administrator

Intellectual Property Lawyer

Music Business Affairs Director

Content Acquisition Manager

Distribution Rights Manager

Industries






Teams

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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