Download: Artist-Record Company Contract – II
THIS AGREEMENT is for the services described below between the undersigned Artist(s) (includes accompanying musicians and/or entertainers as described below) and the undersigned Record Company.
This agreement concerns the following sides:
RECORD COMPANY promises to pay to ARTIST:
Per record containing both sides sold and paid for in the United States:
_______ cents (if in cents)
Percentage of retail price less excise tax (if in percentage):
Pro-rata rate based on the number of songs (some songs not covered by this agreement IF the rate is in percentages). Same number of cents per if the rate is in cents.
One-half the United States rate for records outside the United States.
Reasonable rate as determined by American Arbitration Association governed arbitration for use not covered by 3(a) to (d).
Circle one of the following and initial here: _____
ARTIST has already completed the work desired by RECORD COMPANY.
ARTIST promises to complete the work in accordance with RECORD COMPANY wishes, and RECORD COMPANY promises to immediately notify ARTIST in writing in the event RECORD COMPANY believes that ARTIST is not complying with this promise.
In the event the parties agree on the label credit to be given to ARTIST, the label credit is set forth here:
RECORD COMPANY shall both render statements showing in detail the rate(s) at which RECORD COMPANY is paying ARTIST and the number of records at each rate and render payment for each calendar half no later than 60 days after the end of each January-June period and July-December period. RECORD COMPANY shall pay interest at the legal rate from the beginning of the 61st day on all principal due on said 60th day.
RECORD COMPANY promises to cooperate fully when ARTIST desires to have a representative audit the books. “Books” shall include any and all papers, statements, checks and books.
This agreement and option shall be considered renewed at the end of the period unless Artist receives a written notice with the intent to terminate this contract. Any questions relating to this agreement shall be interpreted in accordance with the laws of the State of ______________________.
GOVERNING LAW: This AGREEMENT shall be governed by the laws and in the courts of the State of _____________ and by the laws of the United States, excluding their conflicts of law principles. Any dispute or legal proceeding regarding the AGREEMENT shall take place in the county of _____________, in the State of _________________.
Signature below will constitute this as a binding agreement.
AGREED TO AND ACCEPTED