Chart phenomenon Adele is reportedly set to sign the most significant recording contract ever by a UK artist. Symphonic Distribution has usually received requests for legal agreements and help and we’re delighted to build this service in partnership with Music Law Contracts (UK) to present a wide selection of legal contracts for sale at a expense effective value.
A modern day publishing agreement will nonetheless exclusively bind the songwriter to the music publisher, commonly with a split of revenues in the area of 70%-80% of net revenue received by the publisher payable to the songwriter, and 30-20% retained by the publisher.
Be extremely careful – a quantity of labels now also appear to safe merchandising rights and some would want ALL of the artists numerous rights – recording rights, music publishing rights, live performances, site and merchandising to name but some, in what have come to be known as 360 degree bargains.
The template also contains letters of path (1) to label in respect to payment of budgets and royalties to producer and (2 – US version only) to SoundExchange for the collection of statutory overall performance royalties deriving from usage in radio, streaming solutions and Tv music channels.
There have been several legal situations amongst artistes and their labels over the terms of recording contracts and the courts in the UK in certain have been instrumental in ‘tearing up’ exclusive contracts, in particular where they have discovered them to be in ‘unreasonable restraint of trade’ or exactly where there has been a lack of independent legal assistance and/or an ‘inequality of bargaining power’ in the formation of the contract.