THIS ROYALTY AGREEMENT is made as of [Date] between [Artist Name], hereafter referred to as “Artist,” and [Company Name], hereafter referred to as “Company.” 1. Grant: Artist hereby grants Company the exclusive right to distribute, reproduce, and sell the musical composition titled “[Title]” in all media worldwide. 2. Royalty Rate: Company shall pay Artist a royalty of 15% of gross revenue derived from sales, streams, and licensing. 3. Payment Schedule: Royalties will be calculated quarterly and paid within 30 days of the end of each quarter. 4. Term: This Agreement shall commence on the effective date and continue for a period of five years, unless terminated earlier by either party with 60 days written notice. 5. Ownership: Artist retains ownership of the composition; Company may not alter the lyrics or arrangement without Artist’s consent. 6. Termination: Either party may terminate if the other breaches any material term and fails to cure within 30 days. 7. Governing Law: This Agreement shall be governed by the laws of [State]. 8. Entire Agreement: This document constitutes the entire agreement between the parties and supersedes all prior negotiations.