Revenue Split: The parties agree that the revenue generated from the Artist's musical works ("Origninal Projects") shall be split 70-30% between Label & Artists which is 30% at Label and 70% at Artists, respectively.
Royalties: The Label shall be responsible for collecting all royalties and payments due to the Artist for the Works. The Label shall pay the Artist his/her share of the revenue within [insert timeframe of Quarterly] of receipt of the royalties from the distribution company.
Term: This Agreement shall remain in effect for a period of [term] from the date of signing, unless earlier terminated by mutual written agreement or breach by either party by Email.
Distribution: The Label shall be responsible for the distribution and promotion of the Works through all available channels, including but not limited to physical and digital media, streaming services, and live performances.
Intellectual Property: The Artist retains all rights to the Works, except as necessary for the Label to fulfill its obligations under this Agreement. The Label shall not use the Works in any manner that is not expressly authorized by the Artist.
Representations and Warranties: The Artist represents and warrants that he/she is the sole owner of the Works, that the Works are original, and that the use of the Works by the Label does not infringe upon the rights of any third party.
Indemnification: The Artist shall indemnify and hold harmless the Label from any and all claims, damages, and expenses arising from any breach of the representations and warranties in this Agreement.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [governing law].
Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior understandings and agreements, whether written or oral, relating to the subject matter of this Agreement.
Counterparts: This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.
Royalty Split for Cover Songs: The parties agree that the revenue generated from the Artist's musical works ("Cover Songs") shall be split 80-20% between Label & Artists which is 80% at Label and 20% at Artist, respectively.