A music recording contract, or a record deal, is an agreement that record labels. If a joint venturer instead decides to use a wholly owned subsidiary as the member of the joint venture, then the other joint. The agreement may establish a business purpose, governance structure and operational rules for the joint venture, the agreement should also set forth the terms and conditions under which the joint venture may be terminated, as well as the choice of law and venue for resolving any disputes. A joint venture agreement is a contract between two or more parties who want to do business together for a period of time. So, heres a few of your standing recording deals, and what they mean. Mar 30, 2020 dont try to form a joint venture using free online contract forms. The record label will give an artist a very large advance and they will split the profits of the record sales 5050. The following shall constitute the agreement, between the rca records label, a unit of bmg entertainment rca and artist direct llc ad, dated as of november 15, 1996, with respect to creation of a record label label to be managed by ad and funded by rca as set forth below. Learn more about this contract and other key contractual terms and issues by viewing the many sample contracts findlaw. Signing with established record labels does not mean success automatically. However, regardless of the variation, any joint venture contract must have the key essentials or the most important sections of this legal agreement. Joint ventures can be informal a handshake or formal, and they can be short term or long term. The contract is hereto concluded through mutual understanding between the shareholders of china song yuan north east petroleum technical service co.
Most of the time, the only way to change a joint venture agreement is if both parties agree to new terms. Our agreement template available in word format can help you create the type of agreement you want. Agreement rca records label and artist direct llc and other business contracts, forms and agreeements. The work is split between both the label and the artist. Agreement rca records label and artist direct llc and other business. These responsibilities are divided in whatever way the two labels agree upon in their formal joint venture agreement. Record label pack 14 contracts if you run a record label then this package is the perfect one for you. Record deal contract pdf this contract between your record companys name here hereinafter referred to as the agreement executed and effective this day of. Joint venture assets at any time means all the assets of the joint venture whether real or personal participant means each of the persons holding an interest under this agreement from time to time and their successors and permitted assigns. A new type of record label contract has come to be known as a 360 deal.
This contract may be modified or changed only by an instrument. Edition 1 of cidb document 1017 page 1 cidb joint venture agreement joint venture agreement march 2004 first edition of cidb document 1017 1. Pulse music tips 3 types of music contracts you should. Recording and publishing agreement on certain recordings. Company records only one on a song, and releases the song under a name other than a name already used by the group or under which the record company releases group songs. This usually happens when a small music label joins hands with a reputed big music label. To save myself from giving you information that isnt 100% concrete, were going to do overviews here. This contract template is ideal for independent record labels and new recording artists. With music turning from being just a hobby to a long term career for many, the need for a contract may be necessary, as for the case where there is more than one person involved in the same music business. Download the free music contract that suits your needs. Any such contract entered into between company and any such record distribution company shall be subject to the terms of this agreement.
International joint venture contract sample template. Types of record deals, joint ventures, distribution deals wendy day. We start with deals of the joint venture variety, involving one artist and one humdrum party able to bring the artists inspiration to potential consumers. Early version in clearance process subject to change. One example of such an agreement may be when a smaller label and a larger label enter into an agreement for the larger label to help distribute, market and sell the smaller labels. A joint venture contract form can vary depending on what type of sample joint venture partnership is planned to be established by the parties involved. The joint venture shall keep adequate books and records at its place of business, setting forth a true and accurate account of all business transactions arising out of and in connection with the conduct of the joint venture. Preamble this agreement is made and entered into by and between. Record contract pdf and perform at the companys recording studios for the purpose of recording. Labels also use record label agreements to contract with other parties, such as television or film companies, to allow for the use of recordings that the label owns. Artist by company, in the negotiation states of this contract may in some way be inconsistent with this final written contract. Deals that await successful independent music labels. Joint venture agreement march 2004 first edition of cidb.
Joint venture agreement march 2004 first edition of. It is the intention of the parties to automatically extend this joint venture agreement in term each time a new project is identified and added to this agreement by addendum for the term required to complete that project. A joint venture is a formal relationship where two or more companies join together in order to take part in a specific activity. This is a legal agreement the agreement between you and record union record union, we or us. A music agreement contract may either be between an artist and a recording company or a band and its management. These deals also have the potential to go disastrously wrong, as the artist label that signs the contract will have to pay the record label real money for any unsold stock. Sample joint venture agreement july 28, 2016 disclaimer. Record company joint venture agreement a record company joint venture agreement is an agreement which is entered when two record companies enter into an agreement to do a music project together. Joint venture with a disadvantaged party or a party who is not financially responsible but who has an interest in excess of fifty percent 23 form g. If possible, get a lawyer to read and explain the contract to you. Wang hongjun and us china north east petroleum holdings limited in line. Instead of creating a formal partnership or new legal entity, a contractual joint venture jv allows the parties to continue filing their tax returns separately yet still reap. In the 1940s, 1950s, and 1960s, many artists were so desperate to sign a contract with a record company that they sometimes ended up signing agreements in which they sold the rights to their recordings to the record label in perpetuity.
This agreement does not and will not be construed to create a partnership or joint venture between the parties of the agreement. This is because the limited liability company structure of the model jv agreement insulates each joint venturer from liability unlike, for example, a general partnership structure. Joint venture contract template music law contracts. Our record label contracts are most often used by record companies to contract with third parties. Joint venture deal when you hear an artist is affiliated with a record label, they are most likely in a joint venture deal. Examples of such a deal include visual artist and art dealer, author and publisher, musician and record label. Whatever the collaboration is, the basic elements of a music agreement contract are the same with any artist collaboration that involves talent, its commercial benefits, and the percentage for everyone involved that need to cash in on the proceeds. Html doc pdf joint venture contract publisher rec co distributor.
The terms and conditions also apply to any and all services individually under this agreement. Then only the member who actually recorded the song. A recording contract is an agreement between a record label and an artist. Quickly customize, print or download your music contract for free. The reason for a joint venture is usually some specific project. Sony also formed a joint venture with michael jackson in 1995. A music recording contract defines the terms of the recording and distribution process. Joint venture in which all venturers are named in the contract and the bond. It is the intention of the parties to automatically extend this joint venture agreement in term each time a new project is identified and added to this agreement. Joint venture means the joint venture formed by the members in accordance with the agreement. A joint venture in the form of a general partnership may be required where the parties to an agreement carry on a business in common with a view to profit and where profits and losses are shared. The most efficient way to get your music contract done is using a music contract template. Free australian joint venture agreement this is a free joint venture agreement between two parties usually companies that wish to enter into a venture together. Song yuan north east petroleum technical service co.
Different types of music contracts for artists mumbais traffic police. Fill in the blanks and choose the terms of this international contract that best suit your needs. Get help from an attorney who specializes in joint ventures to make sure your contract is legal and binding. The words, sound records, records, phonograph records, andor cdcassettes, as used in this agreement mean any device now or hereafter known by which sound may be recorded for later transmission to listeners which is intended primarily for noncommercial usages as that phrase is understood in the phonograph record industry. Agreement rca records label and artist direct llc sample. Joint venture agreement united states a contract for two or more individuals or entities to form a business relationship suitable for a single project or purpose. Download our pack of free music contracts to help protect your business situations.
Joint venture contract publisher rec co distributor. Entertainment lawyers are usually employed by artists to discuss contract terms. We offer contracts for exclusive rights from a producer to artist, leasing rights, or record label owner contracts to artists. How to draft a recording contract with pictures wikihow. Jv agreement insulates each joint venturer from liability unlike, for example, a general partnership structure. Music law contracts for artist and labels symphonic distribution. The artist has signed a recording contract with the following record company. The contract identifies the artists recording obligations and explains how the record label. Take your career seriously and make sure your situations are protected.
How to draft a joint venture agreement with pictures wikihow. Sample recording contract pdf and perform at the companys recording studios for the purpose of recording. All such statements are hereby declared to be of no value only the written terms of this contract shall bind the parties. Publisher record company distributor 44 agreement of limited partnership 45master recording license 46master track license 47master use recording license 48mechanical license 49mechanical license ii. Joint venture regulations the joint venture contract may be drafted in a foreign language usually in english and must be governed by chinese law. It is for use in australia and contains many important terms for such documents. One example of a joint venture deal was in the 1990s. Joint venture agreement all members are disclosed 16 5. Joint venture agreement collaboration agreement partnership agreement. This will open the window, but if you get signed, then its up to you and your lawyer to climb through and explore whats. Can the terms of a joint venture agreement be changed. Mar 29, 2019 how to draft a joint venture agreement.
Types of record deals, joint ventures, distribution deals. The joint venture established by the members in terms of the agreement is an. If a joint venturer instead decides to use a wholly. Please read these terms and conditions carefully as they affect your rights and liabilities under the law. Joint venture agreement template edit, download, print. Joint venture contract publisher master producer record company the undersigned, desiring to enter into a joint venture, agree as follows.
International joint venture contract template download international joint venture contract sample in word format. The joint venture established by the members in terms of the agreement. Joint venture means the association constituted by this agreement. The different kinds of deals involving record labels. Each of our record label contracts is written by an entertainment lawyer and is continually revised to ensure relevance. Most of the time, the only way to change a joint venture agreement. Music law contracts for artist and labels symphonic. In this agreement record company promised to make royalty payments to artist. Contract establishes all the agreements needed to start up and manage the joint venture. It is specifically understood and agreed that the artist is an independent contractor. In consideration of this agreement and without further payment than as herein.
Jointventure production artist recording agreement. The word joint implies a joining of forces by a major label and an indie label, whereby they agree to share responsibility for the making of records and for the marketing and promotion of those records. It is understood, that this joint venture will terminate at the completion of the projects listed in 1. This record company joint venture agreement is a contract used when two or more record companies want to enter into an agreement to do a project together. For one price you get 14 contracts suitable for various aspects of running a record label. Labels contract with artists, producers, featured artists, and musicians regarding the recordings created under the label that the label will release. Joint venture contract between publisher, record company and record distributor, name and place of business, business purpose, contribution, share of profit and loss, dissolution, noncompete and more. The national technical information service, hereafter ntis, is authorized to enter into. A joint venture agreement is legally binding in most jurisdictions and can be used in court to seek damages if either party reneges on the terms of the contract. A joint venture agreement establishes a joint venture between two or more companies.
However, regardless of the variation, any joint venture contract must have the key essentials or the most important sections of this legal agreement, and these are enlisted below. If you want to get into a joint venture with another company there should be a clear agreement on the terms. The contract identifies the artists recording obligations and explains how the record label will market and distribute copies. Management committee means the body established in terms of the agreement to. It provides contractual assurances to the record label regarding the performance and conduct of the singers, songwriters, band members, during the process of recording and releasing an album. A record company joint venture agreement is an agreement which is entered when two record companies enter into an agreement to do a music project together. Employer means the person, or body, which is to award the contract and will employ the joint venture if it is awarded the contract. Publisher master producer record co 43 joint venture contract. In accordance with the rights granted by artist to company herein, company intends to contract with a record distribution company for distribution of the recording. Our agreement template available in word format can help you create the type of agreement. We also offer leasing contracts for artists as well. A record label is a brand in the music industry that works in the publishing and marketing of music videos and recordings. Artist promises to pay to manager the following percentage of the amounts received by artist from record company.