Under Exclusive License To Record Label Template for Ireland

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Key Requirements PROMPT example:

Under Exclusive License To Record Label

"I need an Under Exclusive License To Record Label agreement for an emerging Irish folk band, with specific provisions for traditional music recordings and live performance rights, including digital distribution rights across the EU and North America."

What is a Under Exclusive License To Record Label?

This document template is specifically designed for situations where a record label seeks to enter into an Under Exclusive License To Record Label agreement with an artist or band under Irish law. It's particularly relevant for recording artists signing their first major deal or established artists entering new label relationships in Ireland. The agreement covers essential aspects including recording obligations, advance payments, royalty structures, and exploitation rights across various platforms and territories. It incorporates provisions compliant with Irish copyright law and EU regulations, while addressing modern digital distribution requirements. The document is structured to protect both parties' interests while facilitating commercial success in the current music industry landscape. It's adaptable for both domestic Irish market operations and international exploitation of recordings.

What sections should be included in a Under Exclusive License To Record Label?

1. Parties: Identification of the record label and the artist/band, including full legal names and addresses

2. Background: Context of the agreement, including artist's status and label's business

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Grant of Rights: Exclusive rights granted to the label, including recording, distribution, and exploitation rights

5. Term: Duration of the agreement, including initial period and options for extension

6. Recording Commitment: Number of recordings required, delivery schedules, and recording specifications

7. Recording Budget: Budget allocation for recordings and related expenses

8. Royalties: Royalty rates, calculation methods, and payment terms

9. Advances: Amount and timing of advance payments and recoupment terms

10. Marketing and Promotion: Label's obligations regarding marketing and promotion of recordings

11. Artist Obligations: Artist's duties, including exclusivity, availability, and promotional activities

12. Intellectual Property: Ownership and protection of recordings and related intellectual property

13. Accounting and Audit Rights: Financial reporting requirements and artist's audit rights

14. Warranties and Indemnities: Representations and warranties from both parties

15. Termination: Grounds for termination and consequences

16. General Provisions: Standard contractual clauses including notices, assignment, and governing law

What sections are optional to include in a Under Exclusive License To Record Label?

1. Producer Engagement: Terms for engaging producers, used when the label has specific producer requirements

2. Publishing Rights: Include when the deal includes publishing rights assignment

3. Merchandising Rights: Used when the label acquires merchandising rights

4. Touring Obligations: Include when the label has specific touring requirements or profit-sharing arrangements

5. Band Member Provisions: Required for groups to address member changes and individual obligations

6. Digital Platform Rights: Specific provisions for digital exploitation when needed beyond standard terms

7. Territory-Specific Terms: Include when different terms apply to different territories

8. Side Artist Restrictions: Used when controlling artist's appearances on other recordings

9. Name and Likeness Rights: Detailed provisions for using artist's name and image when extensive rights are required

What schedules should be included in a Under Exclusive License To Record Label?

1. Recording Specifications: Technical requirements for recordings

2. Minimum Commitment Details: Specific details of recording obligations and deadlines

3. Royalty Calculations: Detailed breakdown of royalty rates for different formats and territories

4. Permitted Professional Names: Approved artist/band names and variations

5. Advance Payment Schedule: Detailed schedule of advance payments and conditions

6. Restricted Acts: List of prohibited activities during the term

7. Producer Agreement Template: Standard form agreement for producers

8. Marketing Commitments: Detailed marketing and promotion obligations

9. Territory List: List of territories covered by the agreement and any specific terms

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Music Industry

Entertainment

Media

Digital Content

Legal Services

Performing Arts

Audio Production

Digital Distribution

Intellectual Property

Relevant Teams

Legal

Business Affairs

Artist & Repertoire

Royalties Administration

Digital Rights Management

Copyright Administration

Finance

Artist Development

Production

Marketing

Relevant Roles

A&R Manager

Legal Counsel

Artist Manager

Business Affairs Director

Copyright Administrator

Contracts Manager

Music Producer

Recording Artist

Band Member

Music Industry Consultant

Royalties Manager

Digital Rights Manager

Music Publisher

Label Operations Manager

Entertainment Lawyer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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