The Master License Music agreement serves as a foundational document for managing music rights and usage in the United States. This contract type is essential when a rights holder wants to grant comprehensive licensing rights to another party for multiple uses of musical works. It encompasses various aspects including mechanical rights, synchronization rights, and digital distribution rights, while ensuring compliance with U.S. copyright laws and music industry standards. The agreement is particularly relevant in today's digital age where music distribution spans multiple platforms and territories.
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1. Parties: Identification of licensor and licensee, including legal names and addresses
2. Background: Context of the agreement and ownership declaration of the musical works
3. Definitions: Key terms used throughout the agreement including 'Musical Works', 'Territory', 'Term', 'Royalties'
4. Grant of Rights: Specific rights being licensed and any restrictions on their use
5. Term and Territory: Duration of the agreement and geographical scope of the license
6. Compensation: Payment terms, royalty rates, and accounting provisions
7. Representations and Warranties: Legal guarantees regarding ownership and right to license
8. Termination: Conditions for ending the agreement and consequences of termination
1. Sub-licensing Rights: Optional provisions for granting permission to license music to third parties
2. Creative Control: Optional provisions regarding approval rights for use of music and maintaining creative control
3. Digital Rights Management: Optional requirements for technical protection measures in digital distribution
4. International Rights: Optional specific provisions for international use and compliance
1. Schedule A - Musical Works: Complete list of licensed musical works including composition details
2. Schedule B - Territory List: Detailed breakdown of territories covered by the license
3. Schedule C - Rate Card: Detailed royalty rates and payment structures
4. Schedule D - Reporting Requirements: Templates and requirements for usage reporting
5. Schedule E - Technical Specifications: Technical requirements for music delivery and usage
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