Alaska Musical Composition Agency Agreement
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How to fill out Musical Composition Agency Agreement?
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FAQ
Single Song Assignment ? Also referred to as a specific agreement. This is where the publisher will only publish individual songs and the songwriter is not exclusively signed to them. They can enter into as many single song agreements as they wish. The agreement is also made for a specific period of time.
One common benchmark in dividing ownership is that the lyrics are worth 50% and the music 50%. For example, if two people write the music and one person writes the lyrics, they may agree to divide the ownership 25% each for the two music writers, with the lyricist retaining the remaining 50%.
Advances for Option Periods are often based upon what is known as a ?mini-max? formula where the actual advance payable is calculated as a percentage (usually between 66% and 75%) of royalties generated over the preceding year of the Agreement (or some other period of time) subject to agreed minimum and maximum (hence ...
A Publishing or Song-writing Agreement is the document by which a songwriter assigns the copyright in their compositions to a music publisher in exchange for royalties and, in appropriate cases, an advance against those royalties.
The Minimum Commitment provision is an incentive for the writer and a safety valve for the publisher. If the writer doesn't deliver, the publisher can extend the current term and/or suspend advances until the commitment is met.
Under the individual song agreement, a writer transfers the copyright to one composition or a selected number of identified compositions to a publisher and, in return, receives a portion of the income earned from uses of that composition or compositions.
As stated above, the songwriter receives 50% of the performance and mechanical royalties. The other 50% is the publisher's share. Now, this doesn't mean that the publisher keeps 50% of the royalties ? it just means that it's the publisher's duty to collect this share.
Typically, the royalty split would be roughly 75/25 ? 75% to you, the writer, and 25% to the publisher ? and traditional deals usually come with a cash advance that's recoupable from those royalties (which means you won't get paid again until the publisher makes back your advance).