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1. Parties: Identification and details of the Licensor (rights holder) and Licensee, including their legal status and registered addresses
2. Background: Context of the agreement, confirmation of ownership/right to license the musical works, and general purpose of the licensing arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Musical Works', 'Territory', 'Term', 'Net Revenue', etc.
4. Grant of Rights: Specific rights being licensed exclusively, including reproduction, distribution, public performance, and adaptation rights
5. Territory and Term: Geographic scope of the license and duration of the agreement, including any renewal options
6. Payment Terms: Financial terms including advances, royalty rates, payment schedules, and accounting procedures
7. Licensor's Obligations: Responsibilities of the rights holder, including warranties of ownership and non-infringement
8. Licensee's Obligations: Responsibilities regarding exploitation of the works, quality control, and reporting
9. Quality Control: Standards for use of the musical works and approval processes
10. Reporting and Audit Rights: Requirements for financial reporting and right to audit accounts
11. Intellectual Property Protection: Obligations regarding protection and enforcement of IP rights
12. Termination: Grounds for termination, notice requirements, and consequences of termination
13. Post-Termination: Rights and obligations that survive termination
14. General Provisions: Standard contractual terms including notices, assignment, force majeure, and governing law
1. Sub-Licensing Rights: Include when the licensee is permitted to grant sub-licenses to third parties
2. Digital Distribution: Include specific terms for digital platform distribution when relevant
3. Minimum Performance Requirements: Include when setting specific revenue or performance targets for the licensee
4. Artist Approval Rights: Include when the original artist retains certain approval rights over use
5. Synchronization Rights: Include when licensing includes right to use music in film/TV/advertising
6. Merchandising Rights: Include when licensing extends to merchandise creation and sales
7. Collection Society Arrangements: Include when specific arrangements with collection societies need to be detailed
8. Marketing Commitments: Include when specific marketing obligations are required of the licensee
1. Schedule 1 - Licensed Musical Works: Detailed list of all musical works covered by the agreement, including composers, publishers, and registration numbers
2. Schedule 2 - Royalty Rates: Detailed breakdown of royalty rates for different types of use and territories
3. Schedule 3 - Technical Delivery Requirements: Specifications for audio files, metadata, and other technical requirements
4. Schedule 4 - Approved Sub-Licensees: If applicable, list of pre-approved sub-licensees and terms
5. Schedule 5 - Territory Restrictions: Detailed breakdown of any territory-specific restrictions or requirements
6. Appendix A - Report Templates: Templates for required regular reporting of sales and royalties
7. Appendix B - Marketing Guidelines: Guidelines for marketing and promotion of the licensed works
8. Appendix C - Quality Control Standards: Detailed quality control specifications and procedures
Musical Works
Sound Recordings
Master Rights
Publishing Rights
Territory
Term
Commencement Date
Effective Date
Exclusive Rights
Licensed Rights
Net Revenue
Gross Revenue
Royalties
Advance Payment
Minimum Guarantee
Digital Distribution
Physical Distribution
Streaming
Download
Synchronization Rights
Mechanical Rights
Performance Rights
Adaptation Rights
Collection Society
Sub-License
Marketing Materials
Intellectual Property Rights
Copyright
Related Rights
Confidential Information
Force Majeure
Permitted Use
Commercial Release
Release Date
Accounting Period
Payment Period
Quarter
Year
Business Day
Nigerian Law
Technical Specifications
Quality Standards
Distribution Channels
Digital Platforms
Mechanical Royalties
Performance Royalties
Publishing Share
Writer's Share
Recording Costs
Marketing Costs
Promotional Use
Sample
Remix Rights
Derivative Works
Music Video
Live Performance
Broadcasting Rights
Public Performance
Grant of Rights
Exclusivity
Territory
Term
Royalties
Payment Terms
Accounting
Audit Rights
Quality Control
Minimum Performance Requirements
Warranties and Representations
Sub-Licensing
Digital Rights
Mechanical Rights
Performance Rights
Synchronization Rights
Marketing and Promotion
Intellectual Property Protection
Copyright Notices
Confidentiality
Non-Competition
Force Majeure
Termination
Assignment
Indemnification
Dispute Resolution
Governing Law
Entire Agreement
Severability
Notices
Amendment
Waiver
Further Assurance
Collection Society
Technical Requirements
Delivery Requirements
Approval Process
Third Party Rights
Anti-Bribery
Data Protection
Moral Rights
Entertainment
Music
Media
Digital Media
Publishing
Live Entertainment
Broadcasting
Digital Distribution
Technology
Advertising
Legal
Business Affairs
Licensing
Rights Management
Royalties
Digital Distribution
Artist & Repertoire
Copyright Administration
Contract Administration
Business Development
Legal Counsel
Music Rights Manager
Licensing Director
Business Affairs Manager
Copyright Administrator
A&R Director
Music Publisher
Contract Manager
Intellectual Property Lawyer
Entertainment Lawyer
Digital Rights Manager
Artist Manager
Record Label Executive
Music Business Affairs Director
Royalties Manager
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