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1. Parties: Identification of the rights holder(s) and the licensee, including complete legal names and addresses
2. Background: Context of the agreement, identification of the musical work(s), and confirmation of ownership
3. Definitions: Detailed definitions of key terms including 'Musical Work', 'Recording', 'Territory', 'Gross Revenue', 'Net Revenue', and other relevant terms
4. Grant of Rights: Specific rights being licensed or assigned, including scope and territory
5. Term and Territory: Duration of the agreement and geographical scope of the license
6. Royalty Rates and Payments: Detailed breakdown of royalty percentages, payment calculations, and minimum guarantees
7. Payment Terms: Payment frequency, reporting requirements, audit rights, and currency specifications
8. Accounting and Records: Requirements for maintaining financial records, reporting formats, and audit procedures
9. Representations and Warranties: Confirmations regarding ownership, right to license, and non-infringement
10. Obligations of the Parties: Specific duties of both parties including promotion, collection, and administration
11. Termination: Circumstances under which the agreement can be terminated and the consequences
12. General Provisions: Standard clauses including notices, assignment, governing law, and dispute resolution
1. Sub-licensing Rights: Include when the licensee is permitted to sub-license the music to third parties
2. Digital Platform Provisions: Include for digital distribution rights and streaming platforms
3. International Revenue: Include when the agreement covers multiple territories with different revenue streams
4. Creative Control: Include when the rights holder maintains certain creative control over use of the music
5. Marketing and Promotion: Include when specific marketing obligations are required
6. Synchronization Rights: Include when the music can be used in film, TV, or other media
7. Performance Rights: Include when live performance rights are part of the agreement
8. Moral Rights: Include when addressing attribution and integrity rights under Philippine law
1. Schedule A - Musical Works: Detailed list of all musical works covered by the agreement, including composers and ownership splits
2. Schedule B - Royalty Rates: Detailed breakdown of royalty rates for different types of use and territories
3. Schedule C - Reporting Template: Standard format for regular royalty reporting
4. Schedule D - Approved Uses: List of pre-approved uses of the musical works
5. Appendix 1 - Copyright Registrations: Copies of copyright registrations for all covered works
6. Appendix 2 - Prior Licenses: List of any existing licenses that may affect the agreement
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