Master Sale and Artist Recording Agreement (Net Profit Royalty))
Master Sale and Artist Recording Agreement (Net Profit Royalty))
This Master Sale and Artist Recording Agreement is a contract used by an independent record company to enter into a contractual agreement with an individual, group or band for their exclusive services as a recording artist for that record label. Sometimes the artist has already recorded an album and the label wishes to purchase or license this album to use as the first release under the recording agreement. This is the contract the label would use to purchase or license the previously recorded masters to use as the initial ablum. Instead of a traditional record royalty based on the sales price of the record, this agreement pays an artist a percentage of the net profits of the sale of the record. This makes it easier for a small label to calculate what the artist is paid after all expenses are paid back to the record label from sales of the record. We also have an Explanation for this contract to assist you in understanding the terms and provide an explanation to fill it out and nifty negotiating tips.
Number of Pages: 13
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