RE: OT: Licensing Deals
2008/12/21 22:11:02
(permalink)
I got this one as an offer recently. Contracts are very light on detail these days
Album / Artiste: (album name /artiste)
Rights: Exclusive marketing and distribution
Territory: Singapore, Malaysia
Format: CD album and compilation usage
Projected sales: > xx units
Terms: 3 years from release plus 6 months sell off
Advance: xxx
Special Royalty rate: xx% of PPD (price per dealer)
Dealer price: S $xx
Marketing / Promotions: Retail window displays and magazine advertisements
Release date: January 2009
Accounting: Biannually plus 90 days, end June, end December
Please provide us your bank details on your invoice and contract agreement
Release samples: 3 copies of each album will be provided to licensor
________________ ________________________
signatures
Between xxxx & xxxx Ltd. of (address). Whereas Licensor’s warrant that it has the full power to enter this agreement and will indemnify Licensee the full cost to any third party claim including legal fees etc…. Licensee’s warrant that it has the capacity to manufacture, promote, sell, advertise and distribute the said title in the said territory.
This agreement shall construe according to the Laws of the Singapore and both parties hereto submit to the Jurisdiction of the Courts in Singapore.