Akkord & Maier
Akkord Akkord
Maier Maier
Akkord Akkord
Hey Maier, I just wrote a riff that’s got me buzzing—could you help me draft a quick contract so I don’t lose all the royalties? I could use a smooth, win‑win deal!
Maier Maier
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.
Akkord Akkord
That looks solid! Just make sure the “gross revenue” line is clear on what counts (streams, downloads, merch), and maybe add a clause that says royalties will be adjusted if the company upsells bundles or bundles with merch. Also, a short section that says you’ll get a written statement each quarter would keep the accounting transparent. If you want a quick check, I can point out a few places where the language might tighten up the wording for your protection. Let me know which part you want me to tweak!
Maier Maier
Sounds good—just let me know which line you want tightened up and I’ll sharpen the wording for you.
Akkord Akkord
Line 2—maybe add a quick note that “gross revenue” means all money received before any fees, so it’s clear whether streaming payouts or merch sales count. And if you want, say “streams” are counted after the platform’s cut, to keep it fair. That’ll make sure you’re actually getting what you expect.