This agreement (“Agreement”) is made and entered into as of [date] by and between [Name of Party 1], with a mailing address of [Address], and [Name of Party 2], with a mailing address of [Address].
- Purpose of the Agreement: The purpose of this Agreement is to outline the terms and conditions of a musical collaboration between the parties.
- Responsibilities of the Parties:
- Party 1 agrees to provide the musical composition and instrumental tracks for the collaboration.
- Party 2 agrees to provide the vocal performance and lyrics for the collaboration.
- Both parties agree to work collaboratively to produce the final mix of the collaboration.
- Ownership and Rights:
- Party 1 will retain all ownership and rights to the musical composition and instrumental tracks, and Party 2 will retain all ownership and rights to the vocal performance and lyrics.
- The parties will jointly own the master recording of the collaboration.
- Revenue Share:
- All revenue generated by the collaboration will be split 50/50 between the parties.
- Revenue includes but is not limited to sales, streaming, licensing, and performance royalties.
- Credits:
- Both parties will receive equal billing and credit on all releases, promotional materials, and performances related to the collaboration.
- Party 1 will be credited as the composer and producer of the musical composition, and Party 2 will be credited as the performer and lyricist.
- Term:
- This Agreement shall commence on the date of execution and shall continue until all obligations under this Agreement have been fulfilled.
- Termination:
- Either party may terminate this Agreement at any time upon written notice to the other party.
- In the event of termination, the parties will equally split any revenue generated up to the date of termination.
- Governing Law:
- This Agreement shall be governed by and construed in accordance with the laws of [State/Country].
- Entire Agreement:
- This Agreement contains the entire understanding between the parties and supersedes all prior negotiations, understandings, and agreements between them.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Signature of Party 1] [Signature of Party 2]