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Record Company Agreement

The document outlines an agreement between an artist and record company. It details terms for producing, distributing and profit sharing of a musical recording over a set number of years. The artist assigns rights to songs and their image to the company in exchange for production and promotion of an album. Both parties make commitments regarding completion deadlines and promotion of the album.

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0% found this document useful (0 votes)
255 views6 pages

Record Company Agreement

The document outlines an agreement between an artist and record company. It details terms for producing, distributing and profit sharing of a musical recording over a set number of years. The artist assigns rights to songs and their image to the company in exchange for production and promotion of an album. Both parties make commitments regarding completion deadlines and promotion of the album.

Uploaded by

Banks SA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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RECORDING DEAL AGREEMENT

CONTRACT
2 MEGA GANG MUSIC GROUP

RECORD COMPANY AGREEMENT

This RECORD COMPANY CONTRACT (hereinafter referred to as the


"Agreement") is executed and effective in this _______ day of ___________, 20__,
between _________________(Artist)
and _________________(Company)

IT IS HEREBY UNDERSTOOD

a. Company is an organization which specializes in the management,


recording, recording distribution and representation of musical artists;

b. Company is familiar with the musical abilities of Artist and has the
expertise, ability, industry contacts and resources to assist Artist in the furtherance of
his/her career.

c. Artist performs under the name "(_________________________)";

d. Company and Artist wish to enter into this Agreement to provide for the
production and distribution of the Recording.

IT IS, THEREFORE, AGREED AS FOLLOWS:

A. TERM. The effectiveness of this Agreement shall commence with


its execution by all of the parties, and shall continue thereafter for a period of ____ years.

B. PRODUCTION OF RECORDING. The Recording shall be produced in


the following manner:

1. PRODUCTION. Company agrees to produce one master recording


consisting of songs written and performed by Artist (hereinafter referred to as the
"Songs". The resulting recording (hereinafter referred to as the "Recording") shall
include music of not less than forty (40) minutes in playing duration, and shall be of a
quality which is equal to master recordings normally produced for commercial
distribution.

2. CONTRIBUTION BY ARTIST. Artist agrees to full cooperate with the


Company, in good faith, in the production of the Recording; to contribute to such
production the music and lyrics embodied in the Songs; to arrange, direct and perform the
Songs in such a manner as to facilitate the production of the Recording; and to otherwise
strictly observe the remaining duties and obligations of this Agreement.

3. COSTS. Company shall be responsible for all costs incurred in the


production of the Recording, including the prepayment of all travel, hotel and meal costs
3 MEGA GANG MUSIC GROUP

incurred by Artist in attending the recording sessions referenced in Section B.5 herein.
Company may recover such receipted expenses pursuant to the production of master
recordings or the advancement of the Artist's career. Company's production, promotion,
manufacturing and all other confide expenses relating to Artist are deemed recoupable
from gross income.

4. ARTISTIC CONTROL. Company and Artist shall be jointly responsible for


all decisions regarding the artistic content of the Recording.

5. DATES AND LOCATION OF RECORDING SESSIONS. The recording


sessions necessary to produce the Recording shall occur at studios and facilities chosen
by Company in __ (city, State) ____, commencing on ____________, 20__ and ending
on ____________, 20__.

6. ADDITIONAL MUSICIANS. Company shall provide and compensate


sufficient and competent musicians to properly perform the Songs, as arranged and
directed by Artist and Producer. Company may recover such costs pursuant to Section
B3. herein.

7. TITLE. The title of the Recording shall be chosen by agreement between


the Company and the Artist.

8. COMPLETION AND RELEASE. The Recording shall be completed and


prepared for release and distribution on or before ___________, 20___. Company and
Artist acknowledge that time is of the essence in the completion of the Recording, and
each agree to exercise all reasonable means to achieve such completion.

9. ASSIGNMENT OF EXCLUSIVE RIGHTS BY ARTIST. Upon the


timely occurrence and performance of all material events and obligations required to
produce the Recording, Artist shall assign to the Company all of his/her rights, title, and
interest in and to the following property, for distribution and commercial exploitation in
the United States and Canada:

a. The Songs,
b. Artist's performance of the Songs contained in the Recording,
c. The title of the Recording.

10. LICENSE FOR USE OF NAME AND IMAGE. Upon the timely occurrence
and performance of all material events and obligations required to produce the
Recording, Artist shall grant to the Company the exclusive license to use the name
______________________and the Artist's photographic image, in the promotion and
distribution of the Recording.

11. FORM OF ASSIGNMENT AND LICENSE DOCUMENTS. The form of


documents to be executed by Artist, pursuant to Section C. and D. herein, shall be
4 MEGA GANG MUSIC GROUP

identical to the "Assignments" and "License" respectively attached hereto as Exhibits "C"
and "D", and incorporated herein by this reference.

12. COPYRIGHT. Upon Artist's assignment of the Songs pursuant to Section


C. herein, Company shall proceed to obtain and secure a copyright for each of the said
Songs. Each such
copyright shall be the sole property of the Company.

13. DISTRIBUTION. Commencing with the completion of the Recording and


continuing for the term of this Agreement, Company will diligently use its best efforts to
secure distribution of the Recording throughout the world, through one or more major
distribution companies (including record companies, film companies, or any other
company). Any such contract entered into between Company and any such record
distribution company shall be subject to the terms of this Agreement.

14. ROYALTIES. In accordance with the rights granted by Artist to Company


herein,
Company intends to contract with a record distribution company for distribution of the
Recording. Company will be entitled to receive royalties or licensing fees (herein
collectively referred
to as the "Royalties") as a result of such contract. Royalties shall include any
compensation received by Company, or promised to Company, which directly or
indirectly results from the use,
exploitation or existence of the Recording, or any reproduction applied to satisfy costs
incurred and paid by Company pursuant to Sections B.3, and B.6, herein. In the event
that Royalties
are insufficient to complete such reimbursement, Artist shall not be liable for such costs.
The remainder of such Royalties, if any, shall be allocated and distributed between
Company and
Artist, in the following proportion:

(____ %) Percent to Company


(____ %) Percent to Artist

Royalties due Artist hereunder shall be delivered by Company to Artist within fifteen
working days from the Company's receipt thereof.

15. SAMRO MEMBERSHIP. Within a reasonable time after the execution of this
Agreement, Artist shall apply for registration and membership with Southern African
Music Rights Organization (SAMRO), a music licensing organization. Company shall be
responsible for any cost or expense associated with such application or with the Artist's
membership in SAMRO during the term of this Agreement and the Distribution Period.
Company may recover such costs pursuant to Section B#. herein.

16. NON-CIRCUMVENTION. Artist shall not detrimentally interfere with the


efforts of Company to distribute the Recording through one or more distribution
5 MEGA GANG MUSIC GROUP

companies or enter into any contract inconsistent with the rights of distribution assigned
to Company hereunder. Artist shall not contact any such potential distribution company
except through the offices of the Company.

17. ADDITIONAL PERSONAL SERVICES. For the term of this Agreement,


Artist agrees to appear at one or more performances to promote the distribution of the
Recording. Company shall schedule and arrange such performances, but Artist shall have
the right of prior approval of the location, date and time of each such performance. The
total number of performances during the term of this Agreement shall not exceed
___________. Company shall be responsible for travel, hotel and meal costs incurred by
Artist in attending each such performance, Artist shall be paid one-half (1/2) of the net
revenues received by Company for such performances. Such compensation shall be
received by Artist within fifteen (15) days from Company's receipt thereof. Company
may recover such costs (including travel costs and compensation paid to Artist) pursuant
to Section B3. herein.

18. OPTION TO PURCHASE. At any time during the term of this Agreement or
thereafter, at Artist's option, Artist may purchase all rights assigned and/or granted to
Company hereunder or resulting to Company here from (including rights of copyright to
any and all of the Songs) for the total sum of:

a. ___________________________, plus;

b. Any receipted costs expended by Company hereunder, but reimbursed, as


of the date of exercise of such option to purchase, plus;

c. (_______%) of the gross revenues generated thereafter from the


Recording.

Exercise of the option shall be accomplished by the delivery of such amount, in cash or
certified funds, to Company or its express designee. In the event of such exercise,
Company shall promptly execute all documents reasonably necessary to effectuate such
transaction. If and upon the exercise of such option, the obligations undertaken by the
parties herein shall be exercised.

19. ASSIGNMENT BY COMPANY. Prior to completion of the Recording, the


rights and obligations of the Company existing hereunder are personal and unique, and
shall not be assigned without the prior written consent of Artist. Subsequent to the
completion of the Recording, Company may assign its rights and obligations existing
hereunder without the consent of Artist.

20. ASSIGNMENT BY ARTIST. The rights and obligations of Artist existing


hereunder are personal and unique, and shall not be assigned without prior written
consent of Company,
6 MEGA GANG MUSIC GROUP

21. CONDITION SUBSEQUENT. If Company does not enter into a binding


contract for the distribution of the Recording during the Distribution Period, the
assignment and license from Artist to Company granted pursuant to Sections C. and D.
hereunder shall be deemed rescinded by the agreement of the parties.

22. RIGHT OF INSPECTION. At any time during the term of this Agreement upon
prior written notice to Company of at least seven (7) days, Artist or his/her designated
representative shall be permitted unrestricted access to the books and records of
Company which in any way pertain to Artist, for inspection and photocopying by Artist
or Artist's designated representative.
Such books and records shall include, but shall not be limited to, any documents or
records which evidence the receipt or disbursements of Royalties. Company shall
maintain such books and records at its principal office.

23. MISCELLANEOUS.

a) COVENANT OF GOOD FAITH AND FAIR DEALING. Company


and Artist agree to perform their obligations under this Agreement, in all respects, in
good faith.

b) INDEPENDENT CONTRACTOR. In the performance of his/her


obligations of this Agreement, Artist shall be deemed an independent contractor.

c) INCORPORATION OF RECITALS. The recitals contained at the


beginning of this Agreement are incorporated herein by this reference

24. NOTICES. Any notices or delivery required herein shall be deemed completed
when hand-delivered, delivered by agent, or placed in the U.S. Mail, postage prepaid, to
the parties at the addresses listed herein.

THE PARTIES AGREE to the terms and obligations and so execute on the day and
date first above mentioned.

______________________________ _______________________________
Artist Company

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