Record Company Agreement
Record Company Agreement
CONTRACT
2 MEGA GANG MUSIC GROUP
IT IS HEREBY UNDERSTOOD
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.
d. Company and Artist wish to enter into this Agreement to provide for the
production and distribution of the Recording.
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.
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.
identical to the "Assignments" and "License" respectively attached hereto as Exhibits "C"
and "D", and incorporated herein by this reference.
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.
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.
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;
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.
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.
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