Generally, there’s no such thing as a no-strings-attached investment, so taking too much money could be unwise, especially if it comes to paying it back. We are a music contract and legal form source for law firms, attorneys, record labels, musicians, managers, agents, and industry professionals. Enter your information below to add a new comment. During the discovery phase of the litigation, more number of documents require the use of the unique identifiers for each page of the each important document for quick retrieval and reference. a) BINDING EFFECT. MISCELLANEOUS. Print this post and every comment below before attempting to pay someone to customize these docs to your needs.Why am I making these documents available?I am hopeful that these documents will make it easier for any artist to motivate investors, employees, managers, promoters and/or anyone an artist needs to compensate with equity (the stock in your company). A bad investment or loan source can cause all sorts of problems down the line, so watch out for extortionate interest rates or investors looking to take more control of your company than you would be comfortable with. The Rights and Services Agreement - this document required everyone to pledge their rights and services to a corporation that all of the participants jointly own. Learn More, A postnuptial agreement is a written contract that is entered into after the couple gets married. Follow any application guidelines to the letter, check for spelling and grammar and get someone else to proofread it. A Music Recording Contract, or a record deal, is an agreement that record labels use to assert their ownership of the product of a recording session (the master recording) and their licensing rights in the promotion of the record. Profit generated over and above salaries and expenses was to be paid out to stockholders (which obviously included the band) per the terms of the Operating Agreement.How come there is no (management fee) percentage specified for management? Retrieving information from such large files is never be an easy process. Learn More, By signing a written Pet Addendum, the Landlord gives permission for the Tenant to have a pet in their home. It can also appears as the footer or the header on specific pages. Learn More, A Landlord or Tenant can use this document to end an existing lease or rental agreement. A Commercial Lease Agreement is a formal document between a landlord and a tenant to rent business property. Learn More, A Separation Agreement is a written contract between two spouses who are married but want to live apart. Our contract templates are crafted with exacting detail, regularly updated with the most current changes in music copyright law. Or perhaps you want to take a band on tour, but don’t have the gas money to get you there? It is great and is very helpful. Legal Templates cannot and does not provide legal advice or legal representation. There are two different methods are available to add bates numbering to legal documents. Protect your career and brand value from day one by downloading our Contract Package for DJs and Producers. 23. Learn More. VAT Number: GB107076729. As a momager I am trying to learn as much about this business as possible to protect his interest and this article was extremely helpful. Learn More, A Resignation Letter is a formal document that communicates your intention to resign from a current position. I can’t say for sure if I would do this exactly the same way again (the publishing structure/splits would change - seek additional advice on this). All of our products are available instantly upon purchase. Before we get into the types of funding available to independent label owners and artists, here are some key things to consider. Musicians and labels in Australia can apply for grants via organisations including Australia Council for the Arts and APRA AMCOS. This type of investment can offer a much-needed cash injection, new promotional opportunities and more. You might be able to operate a recording business as a sole proprietorship or partnership. Important disclaimer…Everyone has a different way of doing things. Notify me of follow-up comments via email. Learn More, A durable power of attorney (DPOA) allows your agent to make decisions for you if you become incapacitated. Millions of $ in royalties paid out to artists just like you. In my humble opinion, traditional record deal docs are useless to everyone involved. Learn More, A leave of absence letter is a formal letter that you write to your supervisor to request a leave of absence from work. The bates numbering is similar to the indexing or page numbering of books or novels. The music industry seems to transform almost weekly. Don’t splash it all on Dom Perignon and Gucci threads! Learn More, A Purchase Order is a written document that records a business transaction between two parties -- the Buyer and Seller. If you want to create a high-functioning, successful organization where everyone has mutual incentive, create something that resembles a 360 deal.The history behind the attached documents…I worked with an entertainment attorney to create these documents three years ago when a few friends and myself backed a band from Massachusetts called Jediah. There are other funding opportunities out there for artists and label across the world, and with a little internet research, you may find more schemes to apply for. The Promissory Note and the Security Agreement cover the loan that was made to the corporation. Focus your pitch on what you can do for the sponsor, rather than what they can do for you. © 2015-2020 University of Washington | Seattle, WA, Electronic records that do not need to be printed or saved, Materials that may be disposed of without a specific retention period, file code (if used) or full record series title, date(s), usually inclusive dates, of the file contents. Find any business legal form you need, and let our software help you write it in a matter of minutes. All of our products are available instantly upon purchase. I had finally convinced by son that the music business is a BUSINESS with a short life span or most and you must look at every decsion as a bsiness decision if he expects his career to support him for the rest of his life. By organic I mean grow naturally without large investments and without having to give ownership parts to third parties. Let us know in the comments and we'll do our best to help! That way you can decide how much you need, rather than how much you want. Use the document below to protect your family, govern your relationships, and manage your health and wellbeing. There are legal docs floating around everywhere that cover traditional record deals. Its not hard to imagine the value and importance of all this for music and business in general. Cebe , from Brazilwww.myspace.com/alexcebe.
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