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Music Joint Venture Agreement Template for United States

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Music Joint Venture Agreement

"Need a Music Joint Venture Agreement between our independent record label and a digital distribution platform to launch a new streaming service, with specific focus on revenue sharing from digital rights and clear IP ownership terms, targeted for launch in March 2025."

Document background
The Music Joint Venture Agreement serves as a foundational document for parties seeking to collaborate in the music industry while protecting their respective interests under U.S. law. This agreement is particularly crucial when multiple entities combine resources, expertise, and assets to create, produce, distribute, or monetize musical content. It addresses key aspects such as copyright ownership, revenue distribution, decision-making authority, and operational responsibilities, while ensuring compliance with federal and state regulations, including the Music Modernization Act and various copyright laws.
Suggested Sections

1. Parties: Identification of all parties entering the joint venture, including legal names and addresses

2. Background: Context of the agreement and general purpose of the joint venture

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Joint Venture Structure: Legal structure, ownership percentages, and governance framework

5. Contributions: Details of what each party brings to the venture (capital, IP, services, etc.)

6. Rights and Obligations: Specific responsibilities and rights of each party

7. Intellectual Property: Ownership and licensing of existing and created IP

8. Revenue Sharing: Distribution of profits, losses, and royalties

9. Term and Termination: Duration of agreement and conditions for termination

Optional Sections

1. International Distribution: Terms for international exploitation of music and territorial rights

2. Digital Platform Rights: Specific terms for digital distribution and streaming platforms

3. Publishing Rights: Terms specific to music publishing and songwriter rights

4. Live Performance Rights: Terms governing live performance revenue and touring rights

Suggested Schedules

1. Schedule A - Initial Contributions: Detailed list of each party's initial contributions

2. Schedule B - Existing IP: Catalog of pre-existing intellectual property

3. Schedule C - Revenue Distribution Formula: Detailed breakdown of revenue sharing calculations

4. Schedule D - Management Structure: Organizational chart and decision-making procedures

5. Schedule E - Territory List: List of territories covered by the agreement

6. Schedule F - Copyright Registrations: List of registered copyrights included in the venture

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

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Industries

U.S. Copyright Law: Primary federal legislation (17 U.S.C.) governing copyright protection, including the Digital Millennium Copyright Act (DMCA) and Music Modernization Act (MMA), which are crucial for music creation, distribution, and rights management

Business Organization Laws: State-specific regulations governing LLC/Corporation formation, partnership structures, and joint venture operations that determine the legal framework of the business relationship

Contract Law: State-specific contract laws and Uniform Commercial Code (UCC) provisions that govern the formation, execution, and enforcement of business agreements

Intellectual Property Laws: Comprehensive framework including trademark laws, patent laws (for music technology), and trade secret protection mechanisms to safeguard creative assets

Entertainment Industry Regulations: Specific rules governing music licensing, performance rights, and mechanical licensing requirements in the entertainment sector

Labor Laws: Fair Labor Standards Act and state-specific employment regulations, including independent contractor classifications and workplace requirements

Financial Regulations: Rules governing revenue sharing, tax implications, and securities laws that may affect the joint venture's financial operations

Digital Distribution Laws: Regulations concerning streaming rights, digital performance rights, and internet distribution of musical content

International Laws: International copyright conventions, foreign licensing requirements, and international royalty agreements for global music distribution

PRO Regulations: Requirements and guidelines set by Performance Rights Organizations (PROs) including ASCAP, BMI, SESAC, and SoundExchange for music licensing and royalty collection

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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