Music Contract Terms and Clauses, Quizzes of Music

Download Music Contract Terms and Clauses and more Quizzes Music in PDF only on Docsity! TERM 1 Controlled Composition Clause DEFINITION 1 Any composition or material recorded which is writen and/or controlled by you or anyone you associated with are no controlled by the label giving complete rights to your composition to the label TERM 2 Force Majeure Clause DEFINITION 2 boilerplate language States that an act of God can do away with any/all terms at the contract and can change terms accordingly TERM 3 Leaving Member Clause DEFINITION 3 gives ramifications if one or more members leave the group, including band and leaving member with no deal band and leaving member with deal Label signs membrs of the band individually and collectively TERM 4 Reserves Clause DEFINITION 4 Because of the 100% return privilege, labels place some of the artist's royalties on reserve, which means that the label wait to find out if the record a stiff or not before paying royalties Example- label ships 50,000 CDs in January. The label will wait a looong time to determine how many of the 50K to pay on to make sure that CDs were actually sold (only applies to physicial products, not digital downloads) TERM 5 Key Man/Key Person Clause DEFINITION 5 States that the artist can establish a "key person" relationship with someone or their team, which states that if that person leaves the deal, the will too TERM 6 Assignment Clause DEFINITION 6 Personal management agreement clause allows labels to assign rights out to 3rd parties with artist's permission TERM 7 Notice Clause DEFINITION 7 lays out how any notices given to the artist, producer, or label should be made.The need to be in writing, meet cerain deadlines etc.Boilerplate TERM 8 Warrenties clause DEFINITION 8 Artist is free to enter the agreement and isn't held up by any other agreement. TERM 9 Arbitration clause with Jurisdiction DEFINITION 9 Sets up where the artist will go to court for legal matters ensure for example states that artist will report to the court at california if my legal cases are brought against him/her TERM 10 Final Mix DEFINITION 10 Producer should have ight to present a final mix to the label upon completion plus the intiial right to fix any problems if label and/or artist don't like the first mix TERM 21 Artist approval DEFINITION 21 artist will want approval rights of photos, bios, artwork, etc. but their disapproval of any of the above cannot be unreasonable TERM 22 coupling DEFINITION 22 including masters on compilations like Wow or Now TERM 23 Reduced Royalties DEFINITION 23 Royalties that are paid around new technologies until they become a mainstay in the marketplace TERM 24 Contract Period vs Option Period DEFINITION 24 Contract period is the intital ted. there are several "option Peridods" afterward to extend contractt TERM 25 Audit DEFINITION 25 Artist should seek audit rights 2 years after a statement is issued TERM 26 Video DEFINITION 26 Artist should be consulted for concept, director & budget of video; but, label has final say100% recoupable against video royalties; 50% recoupable against records TERM 27 Leaving DEFINITION 27 not all members of a band may be allowed to sign the record deal, they sign TERM 28 Album DEFINITION 28 40 minutes and 11 masters TERM 29 Delivery DEFINITION 29 Should be difined so that artist knows specifically when delivery occurs