Exclusive License Agreement Music Template for Indonesia

The Exclusive License Agreement Music is a crucial legal instrument in the Indonesian music industry, designed to facilitate the commercial exploitation of musical works while protecting rights holders' interests. This agreement is typically used when a rights holder (such as a composer, artist, or music publisher) wants to grant exclusive exploitation rights to another party (such as a record label or distribution company) while retaining underlying ownership. The document, governed by Indonesian Law No. 28 of 2014 on Copyright and related regulations, covers essential aspects including rights granted, territory, duration, financial terms, and obligations of both parties. It's particularly relevant in today's digital age where music distribution spans multiple platforms and territories, requiring clear definition of rights and responsibilities in line with Indonesian legal requirements and international music industry standards.

1. Parties: Identification of the Licensor (rights holder) and Licensee, including full legal names, addresses, and company registration details

2. Background: Context of the agreement, confirmation of ownership/right to license the musical works, and general purpose of the license

3. Definitions: Definitions of key terms including 'Musical Works', 'Territory', 'Term', 'Net Revenue', 'Exploitation Rights', and other technical terms

4. Grant of Rights: Detailed description of the exclusive rights being licensed, including specific uses, mediums, and formats

5. Territory and Term: Geographic scope of the license and duration, including any renewal provisions

6. Payment Terms: License fees, royalty rates, payment schedule, accounting periods, and audit rights

7. Licensor's Obligations: Obligations including delivery of materials, warranties of ownership, and assistance with registration

8. Licensee's Obligations: Obligations including promotion, exploitation commitments, quality control, and reporting

9. Intellectual Property Protection: Provisions for protecting the licensed rights, including registration and infringement actions

10. Representations and Warranties: Standard warranties regarding ownership, right to license, and non-infringement

11. Termination: Grounds for termination, notice requirements, and consequences of termination

12. Post-Termination: Rights and obligations after termination, including treatment of existing uses

13. General Provisions: Standard boilerplate clauses including notices, assignment, entire agreement, and governing law