Download Free Music Contracts

Cover yourself with a music contract to suit your specific needs. Download the contract for free via the button below.

CONTRACT CONTENTS

  • LICENSE GRANT
  • PROPRIETARY INTEREST
  • TERMINATION
  • ROYALTIES
  • ROYALTIES PAYMENTS AND ACCOUNTING
  • SCOPE OF ROYALTIES PAYMENTS SECTION 4
  • COLLATERAL PAYMENTS
  • PRECONDITION OF PERFORMANCE
  • NOTICE OF COPYRIGHT AND PHONORIGHT
  • INDEMNIFICATION
  • ORIGINAL RECORDINGS; ADAPTATIONS
  • DELIVERY OF WORKS: MASTER RECORDINGS; DERIVATIVE
  • DELIVERY OF WORKS: ADVERTISING AND PROMOTIONAL MATERIAL
  • LICENSED RIGHTS
  • SAMPLE COPIES
  • RELEASE COPIES
  • OWNER’S PROPRIETARY INTERESTS
  • RIGHT TO INSPECT BOOKS AND ACCOUNTING
  • WINDING-UP THIS AGREEMENT
  • “MUSICAL PRODUCT” DEFINED
  • REPRESENTATIONS AND WARRANTIES
  • GENERAL PROVISIONS

CONTRACT SAMPLE

This ‘MERCHANDISE LICENSING AGREEMENT’ (“Agreement”) is made by and entered into between [OWNER NAME] (the “Owner”) and [LICENSEE NAME] (the “Licensee”), and is executed as a binding agreement as of the Effective Date (Owner and Licensee are sometimes herein referred to collectively as the “Parties” or individually as a “Party”).

BACKGROUND AND PURPOSE

  1. WHEREAS, the Owner was organized for the purpose of and is engaged in [COUNTRY] in the creation and production of CD’s, cassettes, videos, sheet music hereinafter referred to as “music products”; and
  2. WHEREAS, the Licensee is in a position directly or indirectly to provide manufacturing, marketing and distribution facilities for products in the licensed territory referred to below;

NOW THEREFORE, in consideration of the mutual promises and other good and valuable consideration considered hereinafter, the receipt and sufficiency of which are acknowledged by the Parties, the Owner and the Licensee agree as follows:

 

  1. LICENSE GRANT

Owner hereby grants to Licensee, for a period of [NUMBER] ([##]) years from the effective Date, the exclusive and non-assignable rights to manufacture, sell and distribute music products, without limitation or restriction except as set forth herein, with respect to the music recordings and sheet music masters (the “Master Recordings”) set forth in Exhibit A (attached hereto and made a part hereof) anywhere in and solely in the territory of the [COUNTRY(S)] and covering the mail order market and the LDS market (collectively herein referred to as “Licensed Territory”).

  1. PROPRIETARY INTEREST

Except as provided for in this Agreement all other rights of any nature whatsoever in the aforementioned musical products are reserved by Owner.

  1. TERMINATION

If Licensee fails to account and make payments hereunder and such failure is not cured within THIRTY (30) days after written notice thereof to Licensee, or if Licensee fails to perform any other obligations required of it hereunder and such failure is not cured within THIRTY (30) days after written notice thereof to Licensee, or in the event that Licensee shall go into compulsory liquidation, or shall go into bankruptcy or make an assignment for the benefit of creditors or make any compositions with creditors, or any insolvency or composition proceeding shall be commenced by or against Licensee, then and in any of such events, Owner, in addition to such other rights or remedies which it may have at law or otherwise under this agreement, may elect to cancel or terminate this agreement without prejudice to any rights or claims it may have, and all rights hereunder shall forthwith revert to Owner and Licensee may not hereafter manufacture musical products from masters furnished under this agreement by Owner, or sell such musical products.

(a)  Upon such cancellation or termination, Licensee shall destroy all such musical products in its possession and thereupon return all then existing tapes and manuscripts previously received from Owner, or any derivatives of same.

  1. ROYALTIES

In consideration for the rights herein granted Licensee agrees to pay to Owner a sum equal to TWENTY-TWO AND ONE-HALF (22.5%) percent of the gross monies receive by Licensee in the licensed territory of NINETY (90%) percent of all musical products manufactured and sold hereunder. Licensee shall notify Owner of gross money received in the Licensed Territory within THIRTY (30) days from the date hereof, and will notify Owner of any changes thereof within FOURTEEN (14) days of any such change. In the event payments due to Owner are delayed or denied by governmental regulations, Owner shall be entitled to designate a local depository in the Licensed Territory in which Licensee at the direction of Owner shall use its best efforts to deposit such monies to the credit of the Owner.

  1. ROYALTIES PAYMENTS AND ACCOUNTING

Payments by Licensee to Owner of royalties due pursuant to Section 4 hereof shall be made monthly, SEVENTY-FIVE (75) days from each months end and each such payment shall be accompanied by a statement setting forth in detail the computation of the amount thereof and include, without limitation of the generality of the foregoing, the number of records sold from each master during the accounting period, as well as all charges, royalties and claims hereunder. All payments made by Licensee hereunder shall be computed in local currency at official rates effective on the date provided for payment, subject to any governmental exchange regulations in effect from time to time in the territory.

Continued…

Download this Music Contract for Free!

Clicking the button below to add it to your cart: