Music Recording Contract Outlines terms for recording and distributing music, specifying artist compensation, recording schedules, and rights.
1.1. Engagement
Company hereby engages Artist to perform recording services for the musical composition titled "Midnight Serenade" (the "Composition"). Artist hereby accepts such engagement, subject to the terms and conditions set forth herein.
1.2. Recording Schedule
Artist and Company agree to a recording schedule, whereby Artist shall complete the recording of the Composition within 60 days of the Effective Date. Any changes to the recording schedule must be mutually agreed upon in writing by both parties.
2.1. Payment
Company agrees to pay Artist a non-refundable advance payment of $10,000 (USD) upon execution of this Agreement, as well as a royalty rate of 15% of the gross revenue generated from the exploitation of the Composition. The advance shall be recoupable against the Artist's future royalties earned under this Agreement.
2.2. Statements and Accounting
Company shall provide Artist with a royalty statement, detailing the income earned from the Composition, on a quarterly basis. Company shall pay Artist any royalties due to them within forty-five (45) days after the end of each quarterly accounting period, subject to any amounts that may need to be withheld by applicable law or as set forth in this Agreement.
3.1. Ownership of Master Recordings
Company shall be the sole and exclusive owner of all rights, title, and interest in and to the master recordings of the Composition (the "Masters"), including, without limitation, all copyrights, in perpetuity throughout the world, in any and all media, formats, and configurations, whether now known or hereafter developed.
3.2. Artist's Rights
Artist shall have the non-exclusive, royalty-free right to use their name, likeness, and biographical information for promotional purposes in connection with the Composition.
4.1. Artist Representations and Warranties
Artist represents and warrants that they have the full right, power, and authority to enter into this Agreement and perform their obligations hereunder without breaching any prior or existing agreements.
4.2. Company Representations and Warranties
Company represents and warrants that it has the full right, power, and authority to enter into this Agreement and perform its obligations hereunder.
Both parties acknowledge that, in the course of the performance of this Agreement, each party may provide confidential information to the other party. Each party agrees to maintain the confidentiality of the other party's confidential information and to not disclose such information to any third party, except as required by law or as necessary to perform their respective obligations under this Agreement.
Each party agrees to indemnify, defend, and hold harmless the other party, its affiliates, and their respective officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, or expenses, including reasonable attorneys' fees and costs, arising out of or in connection with any breach or alleged breach of any of the representations, warranties, or agreements made by the indemnifying party in this Agreement.
This Agreement shall be governed by and construed in accordance with the laws of the United States of America. Any dispute arising out of or in connection with this Agreement shall be submitted to binding arbitration in accordance with the rules of the American Arbitration Association, and any judgment on the arbitration award may be entered in any court having jurisdiction thereof.
8.1. Entire Agreement
This Agreement constitutes the entire understanding and agreement between the parties hereto and supersedes all prior and contemporaneous agreements, whether oral or written, relating to the subject matter hereof.
8.2. Modification
No modification, amendment, or waiver of any provision of this Agreement shall be effective unless in writing and signed by the party against whom the modification, amendment, or waiver is to be asserted.
8.3. Waiver
Any waiver of any term or condition of this Agreement must be in writing and signed by the party waiving such term or condition. No waiver by either party of any breach of any provision of this Agreement shall be deemed a waiver of any preceding or succeeding breach of the same or any other provision of this Agreement.
In this Music Recording Contract, you will see the following sections:
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