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Music Royalty Agreement Template for Singapore

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Key Requirements PROMPT example:

Music Royalty Agreement

"I need a Music Royalty Agreement for a Singapore-based independent artist who will be licensing their latest album to a major record label, with worldwide distribution rights and quarterly royalty payments, starting from March 2025."

Document background
The Music Royalty Agreement is essential for protecting and monetizing musical intellectual property in Singapore's vibrant entertainment industry. This agreement type is used when establishing financial arrangements between rights holders and users of musical works, ensuring proper compensation for creative work while complying with Singapore's Copyright Act 2021. It covers crucial elements such as payment terms, usage rights, territorial scope, and reporting requirements, providing a clear framework for managing music royalties in accordance with Singapore law and international standards.
Suggested Sections

1. Parties: Identification of rights holder(s) and licensee(s)

2. Background: Context of the agreement and ownership of musical works

3. Definitions: Key terms used throughout the agreement including defined terms from relevant legislation (Copyright Act 2021, PDPA)

4. Grant of Rights: Specific rights being licensed or assigned under the Copyright Act 2021

5. Royalty Rates and Payments: Payment terms, calculation methods, payment schedule, and tax considerations under Income Tax Act

6. Term and Termination: Duration of agreement and termination conditions

7. Representations and Warranties: Parties' assurances regarding rights and obligations

8. Governing Law: Specification of Singapore law as governing law and dispute resolution mechanisms

Optional Sections

1. Territory Restrictions: Geographic limitations on rights granted, particularly relevant for international licensing

2. Subpublishing Rights: Rights to license to third parties and related obligations

3. Audit Rights: Right to audit royalty calculations and reporting requirements

4. Marketing Obligations: Promotional requirements and marketing commitments

5. Data Protection: Specific provisions relating to PDPA compliance and data handling

Suggested Schedules

1. Schedule 1: Musical Works: Comprehensive list of covered songs/compositions with copyright details

2. Schedule 2: Royalty Calculations: Detailed breakdown of royalty rates, calculation methods, and payment structures

3. Schedule 3: Territory List: List of territories where rights are granted and any territory-specific terms

4. Appendix A: Reporting Templates: Standard forms for royalty reporting and payment reconciliation

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








































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Industries

Copyright Act 2021: Primary legislation governing copyright protection for musical works, defining rights of copyright owners, licensing provisions, and royalty collection mechanisms in Singapore

Civil Law Act: Fundamental legislation governing contract law principles in Singapore, including contract formation, consideration, and enforcement of terms

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data, relevant for handling personal information of parties in the royalty agreement

Income Tax Act: Governs tax implications of royalty payments and withholding tax requirements for international royalty transactions

Competition Act: Ensures fair business practices and prevents anti-competitive agreements in the music industry

Berne Convention: International treaty governing copyright protection across member states, of which Singapore is a signatory

WIPO Copyright Treaty: International agreement addressing copyright protection in the digital environment, applicable to Singapore

TRIPS Agreement: Trade-Related Aspects of Intellectual Property Rights agreement setting minimum standards for IP regulation

Mediation Act 2017: Framework for mediation proceedings in Singapore, relevant for dispute resolution clauses

Arbitration Act: Governs arbitration proceedings in Singapore, important for alternative dispute resolution provisions

COMPASS Guidelines: Industry standards set by the Composers and Authors Society of Singapore for music licensing and royalties

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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