|Perfect Number of Pages to Order||5-10 Pages|
MUB 202 Music, Business Contracts Paper
MUB 202, Music, Business, Contracts, Paper
PRINT OUT – Review and Analyze the contract found below.
Highlight with a Yellow Marker the 3- 6 words that define the main principle or concept in each numbered or lettered clause……
Type up, in outline form, At Least 20 important points that are found in the agreement
Number them – Be specific about this deal. Do not generalize.
Use plain English! BE BRIEF.
THIS AGREEMENT is made this 15th day of February, 2018 by and between Fifth Avenue Media, Ltd. located at 156 Fifth Avenue, (hereinafter referred to as “Administrator”) and Sheila Music (BMI) located at 892 Arctic, Atlantic NY (hereinafter referred to as “Owner”.)
(B) Administrator’s rights include but is not limited to the right, on behalf of the Owner, to grant to others the right to print, publish, dramatize, use and license any and all uses of the Compositions, to execute in the Owner’s name any and all licenses and agreements allowing for the use of the Compositions, including (as an example) without limitation, licenses for mechanical reproduction, dramatic uses, synchronization uses and sub-publication.
(C) Notwithstanding the above, Administrator requires Owner’s approval prior to granting any license for dramatic use or translations into foreign languages.
(D) Administrator requires Owner’s approval prior to granting any sub-publishing rights to publishers located in China, Russia, South Africa or India.
(B) “Net Income” is defined as the gross income less the following:
(1) An administration fee of ten percent (10%) of the gross income, which is payable to the Administrator and will be retained by Administrator for its own account.
(2) Administrative and exploitation expenses paid by Administrator including without limitation, registration fees, advertising and promotion expenses directly related to the Compositions, the costs of transcribing lead sheets, and the costs of producing demonstration records.
IN WITNESS WHEREOF, the parties have executed this Agreement the day and year above set forth
By: ___________________________ By: _____________________________