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Music Buyout Agreement
"I need a Music Buyout Agreement for acquiring full rights to a musical composition from an Indonesian composer for use in our national advertising campaign, with payment to be made in three installments starting March 2025, and specific credit requirements for the composer in all advertising materials."
1. Parties: Identification of the rights holder/composer/producer (Seller) and the purchasing party (Buyer)
2. Background: Context of the agreement, brief description of the musical work, and purpose of the buyout
3. Definitions: Key terms including Musical Work, Intellectual Property Rights, Territory, and other relevant definitions
4. Subject Matter: Detailed description of the musical work(s) being sold, including all components and versions
5. Rights Transfer: Comprehensive description of the rights being transferred, including all economic rights under Indonesian law
6. Moral Rights Acknowledgment: Statement regarding moral rights in accordance with Indonesian Copyright Law
7. Purchase Price: Payment terms, amount, and method of payment
8. Seller's Warranties: Warranties regarding ownership, originality, non-infringement, and authority to transfer
9. Delivery: Requirements for delivery of master recordings, scores, or other materials
10. Confidentiality: Provisions regarding confidentiality of the agreement terms and related information
11. Term and Territory: Duration of the agreement and geographical scope of the rights transfer
12. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes
1. Third Party Rights: Section addressing any third-party rights or clearances needed, used when the work involves samples or collaborative elements
2. Credit and Attribution: Details of how the original creator will be credited, if agreed upon
3. Tax Provisions: Specific tax considerations and responsibilities, particularly relevant for international transactions
4. Future Works: Provisions regarding any derivative works or future versions, if applicable
5. Non-Compete: Restrictions on the seller creating similar works, if required
6. Marketing and Promotion: Terms regarding the promotion and marketing of the work, if relevant
7. Dispute Resolution: Alternative dispute resolution procedures, if preferred over court proceedings
1. Schedule A - Musical Work Details: Detailed description of the musical work, including duration, genre, and technical specifications
2. Schedule B - Delivery Requirements: Technical specifications for delivery formats and quality requirements
3. Schedule C - Payment Schedule: Detailed breakdown of payment terms if involving multiple payments
4. Schedule D - Rights Breakdown: Comprehensive list of all rights being transferred
5. Appendix 1 - Copyright Registration: Copies of copyright registration certificates or documentation
6. Appendix 2 - Chain of Title: Documentation proving ownership and previous rights transfers if applicable
Authors
Musical Work
Composition
Master Recording
Intellectual Property Rights
Economic Rights
Moral Rights
Territory
Term
Effective Date
Purchase Price
Delivery Materials
Derivative Works
Commercial Exploitation
Publishing Rights
Mechanical Rights
Synchronization Rights
Performance Rights
Digital Rights
Buyer
Seller
Confidential Information
Force Majeure
Intellectual Property
Master Rights
Related Rights
Royalties
Usage Rights
Mechanical License
Copyright
Arrangements
Adaptations
Background Music
Distribution Rights
Exploitation Rights
Licensed Rights
Revenue Share
Recording Costs
Original Work
Third Party Rights
Rights Transfer
Purchase Price
Payment Terms
Moral Rights
Warranties and Representations
Delivery
Assignment
Force Majeure
Confidentiality
Indemnification
Term and Termination
Governing Law
Dispute Resolution
Entire Agreement
Severability
Notices
Intellectual Property
Non-Competition
Obligations and Duties
Third Party Rights
Compliance with Laws
Amendment
Waiver
Further Assurance
Costs
Counterparts
Credit and Attribution
Territory and Duration
Tax
Music and Recording
Media and Entertainment
Advertising
Film and Television
Gaming
Digital Content Creation
Broadcasting
Performing Arts
Music Publishing
Digital Marketing
Legal
Rights Management
Content Acquisition
Creative Services
Production
Business Affairs
Intellectual Property
Music Licensing
Content Strategy
Media Operations
Legal Counsel
Music Supervisor
Content Acquisition Manager
Rights Management Specialist
Creative Director
Production Manager
Business Affairs Manager
IP Rights Manager
Entertainment Lawyer
Music Licensing Manager
Content Producer
Media Director
A&R Manager
Publishing Manager
Project Manager
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