The Master Recording Split Agreement is essential when multiple parties have contributed to the creation of a master recording and need to formalize their respective ownership rights and revenue entitlements. Under English and Welsh law, this agreement provides clarity on ownership percentages, revenue distribution, and rights management responsibilities. It is particularly crucial in the modern music industry where digital distribution and multiple revenue streams have complicated the traditional recording ownership model. The agreement helps prevent future disputes by clearly documenting each party's stake and rights in the recording, while ensuring compliance with relevant copyright and music industry legislation.
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1. Parties: Identification of all parties involved in the agreement
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Ownership Split: Detailed breakdown of ownership percentages
5. Rights and Obligations: Specific rights and responsibilities of each party
6. Revenue Distribution: Method and timing of revenue sharing
7. Term and Termination: Duration of agreement and termination conditions
8. Governing Law: Specification of applicable law and jurisdiction
1. Administration Rights: Details of who manages the recording rights and their responsibilities when one party is designated as administrator
2. Territory: Geographical scope of the agreement when rights are territory-specific
3. Sampling Rights: Rights and restrictions regarding sampling of the recording when sampling might be relevant
4. Sync Rights: Rights and procedures regarding synchronization licensing when sync licensing might be relevant
1. Schedule 1: Master Recordings: List of all recordings covered by the agreement
2. Schedule 2: Revenue Split Details: Detailed breakdown of revenue sharing calculations
3. Schedule 3: Credits and Liner Notes: Agreed crediting for the recordings
4. Appendix A: Payment Details: Banking and payment information for all parties
Relevant legal definitions
Agreement
Master Recording
Recording Costs
Net Receipts
Revenue Share
Territory
Term
Effective Date
Distribution Rights
Synchronization Rights
Digital Exploitation
Physical Product
Streaming Income
Performance Income
Background Rights
Mechanical Rights
Sound Recording Copyright
Collection Society
Accounting Period
Payment Date
Producer Royalty
Artist Royalty
Featured Artist
Non-Featured Artist
Session Musician
Production Credits
Mixing
Mastering
Intellectual Property Rights
Confidential Information
Related Recordings
Samples
Third Party Rights
Working Day
Statement of Account
Permitted Use
Distribution Platform
Publishing Rights
Neighbouring Rights
Commercial Release
Master Recording
Recording Costs
Net Receipts
Revenue Share
Territory
Term
Effective Date
Distribution Rights
Synchronization Rights
Digital Exploitation
Physical Product
Streaming Income
Performance Income
Background Rights
Mechanical Rights
Sound Recording Copyright
Collection Society
Accounting Period
Payment Date
Producer Royalty
Artist Royalty
Featured Artist
Non-Featured Artist
Session Musician
Production Credits
Mixing
Mastering
Intellectual Property Rights
Confidential Information
Related Recordings
Samples
Third Party Rights
Working Day
Statement of Account
Permitted Use
Distribution Platform
Publishing Rights
Neighbouring Rights
Commercial Release
Clauses
Ownership
Grant of Rights
Revenue Share
Payment Terms
Accounting
Distribution Rights
Exploitation Rights
Synchronization Rights
Credit Rights
Confidentiality
Warranties and Representations
Indemnification
Term and Termination
Assignment
Third Party Rights
Collection Society Rights
Sampling Rights
Marketing and Promotion
Intellectual Property
Moral Rights
Territory Rights
Record Keeping
Audit Rights
Dispute Resolution
Force Majeure
Notices
Further Assurance
Entire Agreement
Severability
Variation
Waiver
Costs
Counterparts
Governing Law
Jurisdiction
Grant of Rights
Revenue Share
Payment Terms
Accounting
Distribution Rights
Exploitation Rights
Synchronization Rights
Credit Rights
Confidentiality
Warranties and Representations
Indemnification
Term and Termination
Assignment
Third Party Rights
Collection Society Rights
Sampling Rights
Marketing and Promotion
Intellectual Property
Moral Rights
Territory Rights
Record Keeping
Audit Rights
Dispute Resolution
Force Majeure
Notices
Further Assurance
Entire Agreement
Severability
Variation
Waiver
Costs
Counterparts
Governing Law
Jurisdiction
Relevant Industries
Relevant Teams
Relevant Roles
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