The Master Recording Split Agreement is essential when multiple parties contribute to the creation of a sound recording and need to formalize their ownership and revenue rights. This document, governed by U.S. copyright and contract law, is commonly used in professional recording situations where producers, artists, engineers, or other contributors expect to share in the master recording's ownership. It includes specific provisions for revenue sharing, licensing rights, decision-making authority, and usage permissions, while ensuring compliance with federal and state regulations regarding sound recordings and music industry standards.
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1. Parties: Identifies all parties involved in the master recording split agreement, including legal names and addresses
2. Background: Establishes context of the agreement, including the recording project and parties' roles
3. Definitions: Defines key terms used throughout the agreement, including 'Master Recording', 'Net Profits', 'Territory', etc.
4. Ownership Rights: Specifies the percentage split of ownership rights in the master recording
5. Revenue Distribution: Details how revenue from the master recording will be split and distributed
6. Rights and Obligations: Outlines the rights and responsibilities of each party
7. Term and Termination: Specifies duration of the agreement and conditions for termination
1. International Rights: Additional provisions for international distribution of the recording, including territory-specific requirements and cross-border revenue handling
2. Sync Rights: Specific terms governing synchronization licensing for use in film, television, advertising, and other media
3. Digital Distribution: Detailed terms covering digital platform distribution, streaming rights, and related revenue sharing
4. Marketing and Promotion: Terms regarding joint marketing efforts, promotional activities, and related cost sharing
1. Schedule A - Master Recording Details: Comprehensive list of master recordings covered by the agreement, including recording details and metadata
2. Schedule B - Revenue Split Percentages: Detailed breakdown of revenue sharing percentages among all parties
3. Schedule C - Payment Details: Banking and payment information for all parties, including payment frequency and methods
4. Appendix 1 - Attribution Requirements: Specific requirements for crediting parties on releases and promotional materials
5. Appendix 2 - Approved Uses: Comprehensive list of pre-approved uses of the master recording and approval processes for other uses
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