SONGWRITING CONTRACT
This Songwriting Contract (hereinafter "Contract") is entered into as of [Effective Date] by and between (the "Effective Date") [Your Company Name], [Your Company Address], [Your Company Number], [Your Name], [Your Email] (hereinafter referred to as the “Licensee”), and [Party B's Name], [Party B's Address], [Party B's Number] (hereinafter referred to as the “Licensor”).
SECTION 1: GRANT OF LICENSE
The Licensor hereby grants the Licensee, a non-exclusive, worldwide license to use, reproduce, distribute, and publically perform the musical works provided by the Licensor on platforms agreed upon between both parties.
SECTION 2: PAYMENT
In consideration of the rights granted herein, the Licensee shall pay the Licensor a royalty fee for every use or exploit of the work. The royalty fee calculation and payment dates shall be detailed in [Payment Schedule].
2.1 Royalty Fee Calculation: The royalty fee is determined based on the agreed-upon percentage of revenue generated from the work's use or exploitation.
2.2 Payment Schedule: The specific dates and intervals for royalty fee payments will be outlined in the contract's payment schedule section.
2.3 Currency and Method of Payment: The currency in which royalty fees are paid and the acceptable methods of payment, such as wire transfer or check, will be specified in the Contract.
2.4 Late Payment Penalties: Any delays in payment beyond the specified deadline may incur penalties, which will also be outlined in the contract.
2.5 Audit Rights: The Licensor reserves the right to audit the Licensee's financial records to ensure accurate royalty fee calculations and payments.
SECTION 3: OWNERSHIP
Notwithstanding anything contrary, the Licensor fully retains all rights and interests in the musical compositions, including, but not limited to, the copyright and the right to claim statutory royalties.
SECTION 4: ATTRIBUTION
The Licensee agrees to give credit to the Licensor in association with the use of the musical compositions. The specifics of the credit attribution will be as agreed upon separately in writing by both parties.
SECTION 5: WARRANTIES AND INDEMNITY
The party providing the license, referred to herein as the Licensor, is putting forth the assertion and assuring that the musical compositions being referenced in this particular agreement are original works of art.
The party receiving the license, otherwise known as the Licensee for the duration of this agreement, agrees without any reservation to provide a safeguard or indemnification to the Licensor regarding any accusations, potential losses, or resultant damages that may potentially arise in the event of a failure to uphold or a breach of these assured warranties as stipulated herein this Contract.
SECTION 6: TERM AND TERMINATION
This Contract shall commence from the Effective Date and continue until terminated by either party by giving a written notice of [Number of Days] days.
6.1 Commencement: The contract initiates from the Effective Date and remains in force until either party terminates it.
6.2 Termination Notice: Either party can terminate the contract by providing a written notice within a specified number of days.
6.2 Mutual Agreement: Termination requires mutual consent from both parties, as outlined in the contract terms.
6.3 Duration: The contract's duration is determined by the agreed-upon number of days for termination notice.
6.4 Legal Implications: Termination must adhere to legal requirements and any specified conditions outlined in the contract to avoid disputes or legal consequences.
SECTION 7: CONFIDENTIALITY
Both parties agree to keep confidential all non-public information received from the other party, during and after the term of this Contract.
7.1 Scope of Confidentiality
The obligation of confidentiality extends to all forms of communication, including written, oral, or electronic exchanges between the parties.
7.2 Exceptions to Confidentiality
Confidentiality obligations do not apply to information that is already in the public domain or becomes public without a breach of this contract by either party.
7.3 Duration of Confidentiality
The obligation to maintain confidentiality continues even after the termination or expiration of the contract for an agreed-upon period.
7.3 Enforcement of Confidentiality
Both parties agree to take reasonable measures to protect confidential information and may seek legal remedies in the event of a breach of confidentiality.
SECTION 8: GOVERNING LAW
This Contract shall be governed by the laws of [Applicable Jurisdiction]. Any disputes arising out of this Contract, that cannot be resolved amicably, shall be settled by arbitration under the rules of [Name of Arbitration Body].
IN WITNESS WHEREOF, the undersigned have executed this Contract as of the date first written above.
[LICENSEE'S NAME]
[DATE SIGNED]
[LICENSOR'S NAME]
[DATE SIGNED]
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