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
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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