The Music Partnership Agreement is essential for formalizing business relationships in the music industry under English and Welsh jurisdiction. This document is typically used when two or more parties wish to collaborate on musical projects, sharing both risks and rewards. It encompasses crucial elements such as revenue distribution, copyright ownership, management responsibilities, and dispute resolution mechanisms. The agreement ensures compliance with the Partnership Act 1890 and relevant music industry regulations while providing a clear framework for successful collaboration.
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1. Parties: Details of all partners entering the agreement
2. Background: Context of the partnership and its purpose
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal form and basic structure of the partnership
5. Contributions: Initial capital and asset contributions by partners
6. Profit Sharing: Revenue distribution and profit-sharing arrangements
7. Management Rights: Decision-making processes and management structure
8. Intellectual Property Rights: Ownership and management of musical works and recordings
1. Non-Compete Provisions: Restrictions on competing activities - used when partners want to prevent competition within same market
2. International Rights: Management of international revenue and rights - used when partnership operates across multiple territories
3. Publishing Rights: Specific arrangements for music publishing - used when partnership includes publishing activities
1. Schedule 1: Initial Contributions: Detailed list of initial capital and asset contributions
2. Schedule 2: Existing Works: Catalogue of existing musical works brought into partnership
3. Schedule 3: Revenue Split: Detailed breakdown of revenue sharing arrangements
4. Appendix A: Management Procedures: Detailed procedures for partnership management
Relevant legal definitions
Clauses
Relevant Industries
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