2511 Records Release Contract-1
2511 Records Release Contract-1
us
2511 Records
and
Artist -
Name: _____________________________
Address: ________________________________
City: ________________________________
Country: ________________________________
Age: ________________________________
Artist / Band
_________________________________________________
_________________________________________________
The production costs of the audio recordings are borne by the LABEL
2. RIGHTS GRANTED :-
PRODUCER grants hereby to LABEL has the exclusive rights to reproduce, manufacture, sell, distribute,
publish and exploit the Recordings in whatever method (including but not limited to digital sales, in
compilations, third party exclusive and non-exclusive licenses) or format (physical, digital or or all other
existing and to be discovered formats) during the Exploitation Period through the Territory.
PRODUCER also grants the non-exclusive right to the name, the artist/project name, the trade name and
logo that is used by PRODUCER or by its artists, the producers or other contractual parties.
These rights also pertain to the rights of artists, producers and all others that have contributed in one way
or the other to the Recordings and PRODUCER declares that all rights of third parties are hereby
acknowledged and incorporated in the assignment of rights to LABEL.
By way of the transfer of the said rights as from the date of signing this agreement, PRODUCER is no longer
allowed to grant, transfer or assign any rights to third parties during the term of this agreement with regard
to Recordings already assigned to LABEL without the express written approval of LABEL.
LABEL is entitled to assign and transfer in whole or in part the rights under this agreement or togrant any
license or sublicense to any third party to the same.
Artist Label
3. ROYALTIES :-
Income shall be shared 85% for the PRODUCER and 15% for the LABEL.
LABEL has the right to compensate with royalties to be paid to PRODUCER hereunder all amount of
damages paid to any third party with respect to any infringement of rights that PRODUCER has granted to
LABEL.
Artist Label
4. ACCOUNTING :-
The label has to balance its accounts with the producer in every three months till the contract expires.
We receive sales reports 30 days after the close of the reported month. We normally take 15 days to
update our system and publish in your account. Therefore, a month's sales are reported 45 days after the
close of the month. We have a minimum payment threshold of $50 to reduce the impact of PayPal
transaction fees. Earnings will accrue until this threshold has been reached or the account is closed.
Artist Label
5. GUARANTEES :-
PRODUCER states to be entitled to assign and transfer and/or with regard to the respective clauses, license
the agreed upon rights described in this agreement to LABEL and to remain so entitled during the term of
this agreement.
PRODUCER guarantees that no Recordings that are assigned under this agreement were previously used,
exploited, assigned or licensed to any other party.
PRODUCER hereby fully indemnifies LABEL against all possible claims of third parties, all damage, costs
including reasonable costs of legal assistance and expenditure of LABEL which might ensue from default on
the part of PRODUCER on its obligations under this agreement.
In case one or more of the guarantees as agreed upon by PRODUCER can not be performed in part or in full,
and LABEL should cease and desist from and further Exploitation of any Track under this agreement by way
of a letter of summons by a third party or a verdict of a court, PRODUCER shall compensate all losses,
damages and costs including profits lost, costs of promotional campaigns, legal costs and fees and interest
over the period that PRODUCER was in breach of the obligations and/or any guarantee.
PRODUCER is fully responsible and liable for the accuracy of all the information provided to LABEL and
PRODUCER shall indemnify and hold LABEL harmless with respect to any claim of any third party.
Artist Label
http://fanlink.to/jayant2511