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Record Label Partnership Agreement
"I need a Record Label Partnership Agreement for a three-way partnership between my existing record label and two new partners who will be joining from March 2025, with specific focus on digital distribution rights and international market expansion."
1. Parties: Identification and details of all parties entering into the partnership agreement
2. Background: Context of the agreement, including the purpose of the partnership and brief description of each party's business
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules for interpretation
4. Partnership Structure: Legal structure of the partnership, ownership percentages, and voting rights
5. Capital Contributions: Details of initial and ongoing capital contributions from each partner
6. Rights and Responsibilities: Specific roles, duties, and authorities of each partner in managing the record label
7. Intellectual Property Rights: Management and ownership of copyrights, trademarks, and other IP assets
8. Artist Contracts: Framework for signing and managing artist contracts and relationships
9. Revenue Sharing and Distribution: Formula and procedures for sharing profits, losses, and royalties
10. Management and Decision Making: Governance structure, voting requirements, and decision-making processes
11. Financial Management: Accounting practices, financial reporting requirements, and audit rights
12. Term and Termination: Duration of the partnership and circumstances under which it can be terminated
13. Exit Provisions: Procedures for partner withdrawal, buyout options, and succession planning
14. Dispute Resolution: Methods for resolving conflicts between partners
15. General Provisions: Standard legal clauses including governing law, notices, and amendments
1. Digital Distribution Rights: Specific provisions for digital platforms and streaming services, necessary when the label focuses on digital distribution
2. International Operations: Additional provisions for international business activities, required when operating beyond South Africa
3. Studio Facilities: Terms regarding ownership and usage of recording studios, if the partnership includes physical studio assets
4. Publishing Rights: Detailed provisions for music publishing activities, if the label also operates as a publisher
5. Marketing and Promotion: Specific provisions for marketing responsibilities and budget allocation, if these are major partnership activities
6. Employee Management: Framework for hiring and managing employees, necessary when the partnership will have employees
7. Merchandise Rights: Provisions for merchandising activities, if the label will engage in merchandise production and sales
8. Live Events: Terms regarding concert promotion and live event management, if applicable to the business model
1. Schedule A - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions, including monetary and non-monetary assets
2. Schedule B - Profit Sharing Formula: Detailed calculations and mechanisms for profit distribution among partners
3. Schedule C - Partner Contact Details: Complete contact information and addresses for official notices
4. Schedule D - Existing IP Assets: Inventory of intellectual property assets brought into the partnership by each partner
5. Schedule E - Management Structure: Organizational chart and detailed management responsibilities
6. Schedule F - Current Artist Roster: List of existing artists and their contract status
7. Appendix 1 - Financial Procedures: Detailed accounting procedures and financial management protocols
8. Appendix 2 - Signing Authorities: Matrix of signing and approval authorities for various business activities
Authors
Music Industry
Entertainment
Media
Digital Content
Arts and Culture
Professional Services
Technology
Intellectual Property
Creative Industries
Legal
Finance
Operations
Artist & Repertoire
Business Development
Compliance
Executive Leadership
Business Affairs
Artist Management
Intellectual Property
Corporate Governance
Music Industry Executive
Record Label Owner
Business Development Manager
Legal Counsel
Artist Manager
Finance Director
Operations Manager
A&R Director
Music Publisher
Intellectual Property Lawyer
Partnership Manager
CEO
Managing Director
Company Secretary
Compliance Officer
Business Affairs Manager
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