The Music Joint Venture Agreement serves as a foundational document for parties seeking to collaborate in the music industry while protecting their respective interests under U.S. law. This agreement is particularly crucial when multiple entities combine resources, expertise, and assets to create, produce, distribute, or monetize musical content. It addresses key aspects such as copyright ownership, revenue distribution, decision-making authority, and operational responsibilities, while ensuring compliance with federal and state regulations, including the Music Modernization Act and various copyright laws.
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1. Parties: Identification of all parties entering the joint venture, including legal names and addresses
2. Background: Context of the agreement and general purpose of the joint venture
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Joint Venture Structure: Legal structure, ownership percentages, and governance framework
5. Contributions: Details of what each party brings to the venture (capital, IP, services, etc.)
6. Rights and Obligations: Specific responsibilities and rights of each party
7. Intellectual Property: Ownership and licensing of existing and created IP
8. Revenue Sharing: Distribution of profits, losses, and royalties
9. Term and Termination: Duration of agreement and conditions for termination
1. International Distribution: Terms for international exploitation of music and territorial rights
2. Digital Platform Rights: Specific terms for digital distribution and streaming platforms
3. Publishing Rights: Terms specific to music publishing and songwriter rights
4. Live Performance Rights: Terms governing live performance revenue and touring rights
1. Schedule A - Initial Contributions: Detailed list of each party's initial contributions
2. Schedule B - Existing IP: Catalog of pre-existing intellectual property
3. Schedule C - Revenue Distribution Formula: Detailed breakdown of revenue sharing calculations
4. Schedule D - Management Structure: Organizational chart and decision-making procedures
5. Schedule E - Territory List: List of territories covered by the agreement
6. Schedule F - Copyright Registrations: List of registered copyrights included in the venture
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