360 Record Deal Proposal – Long & Short Forms
360 Record Deal Proposal – Long & Short Forms
This zip file contains BOTH short- and long-form agreements. The first (short form) is a deal memo proposal that the record company sends to the artist representative or manager when an offer is made. Once the main points are agreed to by label and artist rep, a long-form record deal is drawn up based on this short-form. Note that this “360” proposal asks for rights in all major areas in which artist may generate revenue: recording, publishing, touring and merchandise. 360 long- form record deal elaborates on all the points in the short form deal memo, including all major areas in which artist may generate revenue: recording, publishing, touring and merchandise. The 360 long-form record deal elaborates on all points, spelling out rights, royalties, advances, commitments, etc. in detail.
- Term, Recording Commitment
- Existing Masters
- Advances, Recording Budgets, Recording Funds
- Digital Exploitation
- Mechanical Royalties
- Third Party Promotion / Marketing / Publicity
- Video Productions Costs
- Artist Website
- Tour Support
- Co-Publishing & Administration Agreement (Scope, Term / Delivery Commitment, Territory, Advance, Royalties)
- Copyright Ownership
- Exploitation & Administration
- Merchandising Agreement (Scope, Term, Territory, Advance, Royalties)
- Touring Agreement (Scope, Term, Territoriy, Advance, Royalties)
- Health Insurance
Don’t miss this insider’s peek at how 360 record deals are initiated, drafted and completed. Long-form document provided courtesy of Mark Music & Media Law, P.C.
The information contained in this document is provided solely for educational and general information purposes and shall not be deemed legal advice or counsel. As such, NARIP shall not be liable for any damages resulting from the use of such information contained in these materials. The information provided in the foregoing materials may not reflect the most current developments in the law and is general in nature and, accordingly, said information should not be relied upon or construed as legal advice and is not a substitute for obtaining legal advice from an attorney licensed in your state. You should hire an attorney before entering into any agreement or contract.
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