Итальянский лейбл прислал контракт, подскажите какие остаются за мною права:Grant of Rights (a) You hereby grant us

Вопрос №2074975 из г. Москва
опубликован 14.12.2012, 06:00
Итальянский лейбл прислал контракт, подскажите какие остаются за мною права: Grant of Rights (a) You hereby grant us the exclusive right and license to use your master recordings containing the recording titles set out in part one of the schedule to this letter (“the masters”) for the manufacture, distribution and sales of a digital recording embodying either the master (s) only, or various mixes/remixes. (When remixes are commissioned and paid for by us they shall be our exclusive property). You hereby grant us the rights to use your master as we deem fit for sole use for all our associated distributor (digital) (b) We shall release the mp3 and wave format version of the master comprising the single in accordance with the release commitment as specified in part two of the schedule. (c) You further hereby grant Us the rights to To sub-license our obligations in hereof to such other company or organization within the territory on such commercials terms as we in our sole discretion deem fit. (d) Indemnity : You warrants that the recordings are free of all third party claims including without limitation all sample claims. Artist will obtain all necessary licenses and authorization for all samples used in the Original Recording and subsequently used in any Remix. SIGN 1 Royalties With respect to records released by licensee embodying the master(s) hereunder sold in the territory licensee agrees to pay the licensor a royalty equal 50% of net receipts. For the purpose of this agreement “net receipts” shall mean the gross receipts (less sales taxes) received by licensee from sales of records less all costs incurred in releasing the records. With regard to records sold in part of the territory through a license agreement between licensee and the third party, licensee shall credit licensors royalty account with a sum equivalent to 50% of the licensees net royalty receipts paid to the licensee Licensee agrees to pay the licensor a sum of money equal to 50% of all fees, if any, received by licensee were licensee is paid on a “receipts” rather than a “royalty” basis by its lawful licensees hereunder. Where licensee for inclusion on third party compilation albums licenses masters then licensee shall account the licensor 50% of its net receipts from such licensee in respect to the relevant master. Throughout the license territory, no royalty shall be payable to licensor in respect of records distributed in reasonable quantities (being not more than 5% of those manufactured) as “free” or “no charge” sample records for promotional use only. Payment of Royalties 50%, on All Sales and Third Party Licensing on all income. In House Compilations: .10 per unit sold – or pro-rated upon # of tracks 60 Days from 30/06 and 31/12 and/or as based on 3rd party licensing deals. It will be inclused the royalties payments where is above of 50 € sales , to ensure the taxes payments. Payments To Third Parties Company shall pay all royalties which may become due to the artist(s), recording musicians, producers unions, guilds, or trust funds or other third parties with respect to records manufactured and sold hereunder, except the royalties payable for use of music copyright pursuant to this agreement, artist shall indemnify company and hold company free and harmless and shall indemnify licensee and hold licensee free and harmless from all claims with respect to such payments. 2 Release Licensee shall manufacture and release records from the masters licensed hereunder within 250 (Two Hundred & Fifty) days after receipt and acceptance of the relevant masters and all production parts therefore. Required to be delivered by licensor hereunder. General At any time within thirty six (36) months after any royalty statement due to, You hereunder, you shall have the right to examine Company’s books and records with respect to such statement (or have the books examined). In the event that your examination reveals an underpayment of royalties to you then we shall rectify your account. In the event that any such underpayment exceeds 10% of royalties otherwise due we shall reimburse your examination costs. Promotion Every genre of Promo Contract and License will be forwarded to licensee and they will be confirmed if and where there are the right conditions between Licensee and Licensor SIGN Bankruptcy In case of bankruptcy of Licensee, all rights to and in the Masters will automatically and directly return to the licensor.
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