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Music Joint Venture Agreement
"I need a Music Joint Venture Agreement between my independent record label and a digital distribution company based in Brussels, focusing on streaming platform distribution and revenue sharing, with operations starting March 2025."
1. Parties: Identification of the joint venture partners and their legal status
2. Background: Context of the joint venture formation and parties' intentions
3. Definitions: Key terms used throughout the agreement, including music industry-specific terminology
4. Formation of Joint Venture: Legal structure, name, and establishment of the joint venture entity
5. Purpose and Scope: Defined business objectives and scope of the joint venture's musical activities
6. Capital Contributions: Financial, asset, and resource contributions from each party
7. Intellectual Property Rights: Ownership and licensing of musical works, recordings, and related IP
8. Management and Control: Governance structure, voting rights, and decision-making processes
9. Financial Provisions: Profit sharing, losses, accounting practices, and financial management
10. Operations: Day-to-day management, artistic control, and operational responsibilities
11. Revenue Sharing: Distribution of music-related revenues, royalties, and other income
12. Term and Termination: Duration, renewal, and circumstances for termination
13. Confidentiality: Protection of business secrets and confidential information
14. Dispute Resolution: Procedures for resolving conflicts under Belgian law
15. General Provisions: Standard legal clauses including notices, amendments, and governing law
1. Non-Compete: Restrictions on parties' involvement in competing music ventures, if applicable
2. Territory Rights: Geographic limitations on the joint venture's operations, if specific territories are relevant
3. Digital Distribution: Specific provisions for online music distribution and streaming platforms
4. Live Performance Rights: Terms regarding concert promotion and live event management
5. Recording Agreement Terms: Specific provisions if the JV includes recording activities
6. Publishing Rights: Detailed terms for music publishing activities if part of the venture
7. Marketing and Promotion: Specific provisions for marketing responsibilities and budget
8. Third Party Agreements: Framework for dealing with external partners and service providers
9. Employee Matters: Terms regarding hiring and managing staff if the JV will have employees
10. SABAM Compliance: Specific provisions relating to Belgian collecting society requirements
1. Schedule 1: Initial Business Plan: Detailed business strategy and objectives for the first operational period
2. Schedule 2: Capital Contributions: Detailed list of initial contributions from each party
3. Schedule 3: IP Schedule: Comprehensive list of intellectual property being contributed to the venture
4. Schedule 4: Management Structure: Detailed governance and management procedures
5. Schedule 5: Revenue Sharing Formula: Detailed calculations for revenue distribution
6. Schedule 6: Key Performance Indicators: Metrics for measuring the venture's success
7. Appendix A: Form of IP Assignment: Template for transferring IP rights to the joint venture
8. Appendix B: Required Licenses: List of necessary music industry licenses and permits
9. Appendix C: Territory Map: If applicable, definition of geographical territories
10. Appendix D: Related Party Agreements: List of existing agreements affecting the joint venture
Authors
Music & Entertainment
Media Production
Digital Entertainment
Live Events & Performances
Music Publishing
Music Distribution
Entertainment Technology
Digital Media
Creative Arts
Entertainment Marketing
Legal
Business Development
Finance
Artists & Repertoire
Music Publishing
Operations
Commercial
Business Affairs
Partnerships
Intellectual Property
CEO
Legal Counsel
Music Rights Manager
Business Development Director
Finance Director
Artists & Repertoire (A&R) Director
Music Publishing Manager
Operations Director
Commercial Director
IP Rights Manager
Contract Manager
Music Production Manager
Business Affairs Manager
Partnership Manager
Investment Manager
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