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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."
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
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
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
Master Recording
Recording Costs
Net Revenue
Gross Revenue
Digital Service Provider
Physical Product
Distribution Income
Streaming Income
Download Income
Synchronization Income
Licensing Income
Territory
Term
Accounting Period
Payment Period
Recording Project
Release Date
ISRC Code
Neighboring Rights
Digital Exploitation
Physical Exploitation
Distribution Rights
Mechanical Rights
Performance Rights
Sync Rights
Producer Royalty
Artist Royalty
Recoupable Costs
Statement
Audit Rights
Permitted Use
Copyright
Publishing Rights
Revenue Share
Distribution Agreement
Collection Society
Digital Platform
Exploitation
NFT Rights
Marketing Costs
Third Party Platforms
Affiliate
Confidential Information
Intellectual Property Rights
Net Profits
Quarter
Reserve
Grant of Rights
Revenue Split
Ownership
Payment Terms
Accounting
Audit Rights
Distribution Rights
Licensing Rights
Term and Termination
Representations and Warranties
Confidentiality
Assignment
Indemnification
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Third Party Rights
Recording Credits
Territory Rights
Non-Circumvention
Further Assurance
Digital Rights
Amendment
Waiver
Good Faith
Recording Costs
Marketing and Promotion
Intellectual Property
Sampling Rights
Sub-Licensing
Collection Society
Statements and Records
Tax
Release Commitment
Non-Competition
Exploitation Rights
Music Industry
Entertainment
Digital Media
Recording Industry
Publishing
Live Entertainment
Digital Distribution
Media Licensing
Legal
Business Affairs
Rights Management
Finance
Royalty Administration
Artist & Repertoire
Publishing
Distribution
Copyright Administration
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
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