Master Recording License Agreement

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Understanding the legal intricacies involved in licensing master recordings can be challenging, especially for artists and music professionals striving to advance in the music industry. That’s why we’re offering this comprehensive, easy-to-use Master Recording License Agreement template for free. It’s designed to clarify the typically complicated world of music licensing agreements, detailing elements like scope, compensation, terms, and more.

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[Your Name/Organization]
[Address]
[City, Postal Code]
[Country]
[Date]

[Licensee Name]
[Address]
[City, Postal Code]
[Country]

Background

This agreement outlines the terms and conditions for licensing the Master Recordings, including the grant of license, royalties, termination, and intellectual property rights. It is important to consult with a qualified attorney to customize the agreement according to your specific needs and comply with applicable laws in Sweden and any other relevant jurisdictions.

1. Definitions

Comment: This section defines key terms used throughout the agreement to ensure clarity and understanding of the rights and obligations of both parties.

1.1 “Master Recording” shall refer to the original recorded sound embodiment embodying a performance or a series of performances.

1.2 “Licensed Materials” shall refer to the Master Recordings listed in Exhibit A attached hereto, including all intellectual property rights associated therewith.

1.3 “Territory” shall refer to [Specify the geographic territory where the Master Recordings can be exploited by the Licensee].

2. Grant of License

Comment: This section outlines the rights granted to the Licensee, allowing them to use, reproduce, distribute, and publicly perform the Master Recordings within the specified Territory. It also includes the permission to create derivative works based on the Licensed Materials.

2.1 Licensor hereby grants to Licensee a non-exclusive license to use, reproduce, distribute, and publicly perform the Licensed Materials in the Territory during the Term, subject to the terms and conditions set forth herein.

2.2 Licensee shall have the right to create derivative works based on the Licensed Materials, provided that such derivative works shall be subject to the terms and conditions of this Agreement.

3. Term and Termination

Comment: This section addresses the duration of the agreement and the circumstances under which either party can terminate the agreement.

3.1 The term of this Agreement (the “Term”) shall commence on the Effective Date and shall continue for a period of [Specify the duration of the Term] unless earlier terminated as provided herein.

3.2 Either Party may terminate this Agreement upon written notice to the other Party in the event of a material breach by the other Party, provided that the breaching Party fails to cure such breach within [Specify a reasonable cure period] after receiving written notice thereof.

4. Royalties and Payments

Comment: This section covers the financial aspects of the agreement, including the royalties to be paid by the Licensee for the rights granted and the payment terms.

4.1 In consideration for the rights granted herein, Licensee shall pay Licensor the royalties as set forth in Exhibit B attached hereto. Royalties shall be paid [Specify the payment frequency, e.g., monthly, quarterly] and shall be due within [Specify the number of days] days after the end of each accounting period.

4.2 All payments shall be made in [Specify the currency] to the account specified by Licensor.

5. Intellectual Property Rights

Comment: This section addresses the ownership and protection of intellectual property rights associated with the Licensed Materials.

5.1 The Licensed Materials and all intellectual property rights therein and thereto shall remain the sole and exclusive property of Licensor.

5.2 Licensee acknowledges and agrees that nothing in this Agreement shall grant Licensee any ownership or proprietary rights in the Licensed Materials, except for the limited rights expressly granted herein.

6. Governing Law and Jurisdiction

Comment: This section determines the applicable law and the jurisdiction where any disputes arising from the agreement will be resolved.

6.1 This Agreement shall be governed by and construed in accordance with the laws of Sweden.

6.2 Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of [Specify the city and country].

7. Entire Agreement

Comment: This section confirms that the Agreement represents the entire understanding and agreement between the parties and supersedes any prior discussions or agreements.

7.1 This Agreement constitutes the entire understanding and agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

[Your Name/Organization]
By: [Your Name]
Title: [Your Title]

[Licensee Name]
By: [Licensee’s Name]
Title: [Licensee’s Title]