The Song Share Agreement is essential when multiple parties have ownership rights in a musical composition and need to formalize their relationship. This document, governed by U.S. law, specifically outlines each party's ownership percentage, rights to exploit the work, and share of revenue streams. It's commonly used when songwriters collaborate, when publishers acquire partial rights, or when rights are transferred between parties. The agreement ensures compliance with copyright law while providing clear guidelines for administration and monetization of the song.
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1. Parties: Identifies all parties to the agreement, including legal names and addresses
2. Background/Recitals: Explains the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Song Details: Specifics about the musical composition including title, writers, and copyright registration
5. Ownership Structure: Details of ownership percentages and rights being transferred
6. Rights Granted: Specific rights being shared or transferred between parties
7. Revenue Distribution: How income from the song will be shared and distributed
8. Administration Rights: Who has authority to administer the song rights
9. Term and Termination: Duration of the agreement and conditions for termination
1. International Rights: Specific provisions for international exploitation when the song may be used internationally
2. Synchronization Rights: Provisions for licensing the song for film/TV/media when sync rights are being shared
3. Digital Platform Rights: Specific provisions for digital exploitation when digital distribution is anticipated
4. Credit Requirements: How parties should be credited when specific crediting is important to parties
1. Schedule A - Song Information: Detailed information about the song including writers, publishers, and registration numbers
2. Schedule B - Revenue Split Details: Detailed breakdown of revenue sharing percentages
3. Schedule C - Prior Agreements: List of any pre-existing agreements affecting the song
4. Schedule D - Copyright Registration: Copies of copyright registration certificates
5. Schedule E - Payment Details: Banking and payment information for all parties
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