Master Recording Split Agreement Template for Netherlands

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Key Requirements PROMPT example:

Master Recording Split Agreement

"I need a Master Recording Split Agreement between my record label and a producer who will receive 20% of net revenue from an upcoming album, with the agreement starting January 2025 and including provisions for both digital and physical distribution in the Netherlands."

Document background
The Master Recording Split Agreement is essential when multiple parties have invested time, resources, or creative input into a master recording and need to formalize their revenue sharing arrangement. This document, governed by Dutch law and compliant with EU regulations, is typically used when recording artists, producers, and other rights holders need to establish clear terms for sharing revenue from master recordings. It includes provisions for various income streams such as streaming, downloads, physical sales, and licensing opportunities, while ensuring compliance with Dutch copyright law and neighboring rights legislation. The agreement becomes particularly important in modern music production scenarios where multiple parties contribute to the creation and commercialization of recordings, requiring clear documentation of ownership percentages and revenue entitlements.
Suggested Sections

1. Parties: Identification of all parties involved in the agreement, including artists, producers, and any other rights holders

2. Background: Context of the agreement, including details about the master recordings and the parties' relationship

3. Definitions: Detailed definitions of key terms including 'Master Recording', 'Net Revenue', 'Distribution Income', 'Digital Platforms', etc.

4. Ownership of Master Recordings: Clear statement of ownership rights and percentages in the master recordings

5. Revenue Split: Detailed breakdown of how revenue will be split between parties, including percentage allocations

6. Payment Terms: Terms for payment including frequency, method, and currency of payments

7. Accounting and Statements: Requirements for financial reporting, audit rights, and statement frequency

8. Distribution Rights: Terms regarding the distribution and exploitation of the master recordings

9. Term and Termination: Duration of the agreement and conditions for termination

10. Representations and Warranties: Parties' assurances regarding rights, ownership, and authority

11. Confidentiality: Provisions regarding confidential information and its protection

12. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes

Optional Sections

1. Sampling Rights: Terms for allowing or restricting sampling of the master recordings - include when sampling rights are relevant to the recordings

2. International Distribution: Specific provisions for international distribution and territory-specific requirements - include for recordings intended for international release

3. Mechanical Rights: Terms regarding mechanical reproduction rights - include when physical copies are planned

4. Sync Rights: Terms for synchronization licensing - include when sync licensing is anticipated

5. Producer Credits: Requirements for producer credits and attribution - include when multiple producers are involved

6. NFT and Web3 Rights: Terms for digital tokens and blockchain-based exploitation - include for digital-forward strategies

7. Recording Costs Recovery: Terms for recouping recording costs - include when one party has funded recording costs

8. Sub-Publishing: Terms for sub-publishing arrangements - include for international exploitation

Suggested Schedules

1. Schedule A - Master Recordings: Detailed list of all master recordings covered by the agreement, including recording details and ISRC codes

2. Schedule B - Revenue Split Percentages: Detailed breakdown of split percentages for different types of revenue streams

3. Schedule C - Accounting Procedures: Specific procedures for accounting, including statement formats and calculation methods

4. Schedule D - Approved Distribution Platforms: List of approved digital and physical distribution platforms

5. Schedule E - Credit Requirements: Detailed requirements for credits on releases and promotional materials

6. Appendix 1 - Contact Information: Contact details for all parties including payment and notice information

7. Appendix 2 - Territory Restrictions: Any territorial restrictions or special requirements for specific territories

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

Digital Media

Recording Industry

Publishing

Live Entertainment

Digital Distribution

Media Licensing

Relevant Teams

Legal

Business Affairs

Rights Management

Finance

Royalty Administration

Artist & Repertoire

Publishing

Distribution

Copyright Administration

Relevant Roles

Music Producer

A&R Manager

Legal Counsel

Rights Management Specialist

Business Affairs Manager

Artist Manager

Recording Artist

Sound Engineer

Finance Manager

Royalty Administrator

Music Publishing Manager

Distribution Manager

Copyright Administrator

Contract Administrator

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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