The Record Company Contract serves as the foundational document governing the professional relationship between music artists and record labels in England and Wales. It is essential when an artist agrees to create recordings exclusively for a record company in exchange for production, distribution, and marketing support. The contract typically covers multiple album deals, specifies royalty rates, defines territorial rights, and outlines both parties' obligations. This document is crucial for protecting both the record company's investment and the artist's creative and commercial interests, while ensuring compliance with UK copyright and entertainment law.
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1. Parties: Identification and details of the record company and artist(s)
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including defined industry-specific terminology
4. Grant of Rights: Specific rights being transferred to the record company including recording, distribution, and exploitation rights
5. Term and Territory: Duration of the agreement and geographical scope of rights granted
6. Recording Obligations: Artist's obligations regarding recordings, minimum commitment, and delivery requirements
7. Royalties and Payments: Financial terms, royalty rates, advances, and payment schedules
8. Marketing and Promotion: Obligations regarding promotion, marketing of recordings, and publicity
9. Warranties and Indemnities: Legal guarantees and protections for both parties
10. Termination: Circumstances and procedures for ending the agreement
1. 360 Rights: Additional rights beyond recording including merchandising, touring, and sponsorship rights
2. Producer Arrangements: Terms relating to production arrangements, credits, and producer royalties
3. Publishing Rights: Terms relating to music publishing rights and administration
4. Digital Distribution: Specific terms for digital platforms and streaming services
5. International Exploitation: Specific terms for international markets and sub-licensing
1. Schedule 1: Royalty Calculations: Detailed breakdown of royalty rates, deductions, and calculation methods
2. Schedule 2: Recording Budget: Breakdown of approved recording costs, budgets, and recoupable expenses
3. Schedule 3: Minimum Recording Commitment: Details of required recordings, technical specifications, and delivery schedules
4. Schedule 4: Approved Recording Studios: List of approved studios and production facilities
5. Appendix A: Marketing Plan: Detailed marketing strategy, commitments, and budget allocation
6. Appendix B: Producer Agreements: Standard form producer agreements and terms
Relevant legal definitions
Accounting Period
Advance
Album
Approved Recording Budget
Artist
Company
Controlled Composition
Copyright
Delivery
Distribution Rights
Duration
Exclusive Recording Artist
Exploitation
Initial Period
Licensed Rights
Master Recording
Mechanical Rights
Minimum Commitment
Net Receipts
Option Period
Performance Rights
Producer
Publishing Rights
Recording Costs
Recording Schedule
Recordings
Release
Remix
Retail Price
Royalty Rate
Singles
Synchronisation Rights
Territory
Term
Third Party Platforms
Video Rights
Works
Advance
Album
Approved Recording Budget
Artist
Company
Controlled Composition
Copyright
Delivery
Distribution Rights
Duration
Exclusive Recording Artist
Exploitation
Initial Period
Licensed Rights
Master Recording
Mechanical Rights
Minimum Commitment
Net Receipts
Option Period
Performance Rights
Producer
Publishing Rights
Recording Costs
Recording Schedule
Recordings
Release
Remix
Retail Price
Royalty Rate
Singles
Synchronisation Rights
Territory
Term
Third Party Platforms
Video Rights
Works
Clauses
Definitions and Interpretation
Grant of Rights
Term and Territory
Recording Commitment
Recording Budget
Delivery Requirements
Royalties
Accounting and Payment
Marketing and Promotion
Warranties and Representations
Artist Obligations
Company Obligations
Exclusivity
Intellectual Property Rights
Third Party Rights
Artistic Control
Release Commitment
Distribution Rights
Merchandising Rights
Publishing Rights
Live Performance Rights
Digital Exploitation
Confidentiality
Non-Competition
Assignment and Sub-Licensing
Termination
Force Majeure
Indemnification
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Variation
Waiver
Grant of Rights
Term and Territory
Recording Commitment
Recording Budget
Delivery Requirements
Royalties
Accounting and Payment
Marketing and Promotion
Warranties and Representations
Artist Obligations
Company Obligations
Exclusivity
Intellectual Property Rights
Third Party Rights
Artistic Control
Release Commitment
Distribution Rights
Merchandising Rights
Publishing Rights
Live Performance Rights
Digital Exploitation
Confidentiality
Non-Competition
Assignment and Sub-Licensing
Termination
Force Majeure
Indemnification
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Variation
Waiver
Relevant Industries
Relevant Teams
Relevant Roles
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