Crucial Music Contract DOCUSIGNED
Crucial Music Contract DOCUSIGNED
ARTICLE I
RIGHTS GRANTED
Except for the rights granted herein, Licensor expressly reserves and
retains for its sole benefit all rights, in or to the Original
Compositions and the Original Master Recordings and their associated
copyrights and publishing.
created as follows:
(b) The right to register the Licensed Work with the appropriate
performing rights society (i.e. ASCAP, BMI, GMR or SESAC in the US and
PRS, GEMA, SACEM, STIM, SOCAN and any other industry-recognized
performing rights society or the like outside the US) (each a “PRO”),
and any separate mechanical rights society outside the US (including,
but not limited to MCPS, AMCOS, etc.) (each a “MRO”) upon confirmation
of Licensed Use, as 100% publisher of the Licensed Work in perpetuity,
and to collect any and all monies (including but not limited to
performance income, broadcast mechanical income, videogram/dvd
mechanical income and any other monies derived from Licensed Uses of
the Licensed Work) accruing or earned therefrom (other than so-called
"writer's share of public performance") generated by the Licensed Work,
through the Licensed Use from the appropriate PRO(s) and MRO(s). In
such cases where the PRO and MRO require payment of writer’s share of
the broadcast and videogram/DVD mechanical income to the publisher,
Licensee will remit 100% of writer’s share of mechanical income
collected by Licensee to Licensor, subject to a $50 threshold, without
charging an administration fee and without regard to recoupment. In
such cases where PRO and MRO mistakenly pay writer’s and/or publisher’s
share of digital download and/or streaming (audio-only) mechanical
income (ie Itunes, Spotify etc), Licensee will remit Licensor 100% of
writer’s and/or publisher’s share of the mechanical income paid to
Licensee in error, subject to a $50 threshold, without charging an
administration fee. It is expressly understood and agreed that Licensor
has no music publishing rights whatsoever in the Licensed Works,
through the Licensed Use, and unless expressly stated to the contrary
under the terms of this Agreement is not entitled to any participation
in any portion of the publisher's share of any proceeds derived from
the exploitation of such publishing rights. Licensor and any co-writers
will receive their respective "writer’s share of public performance”
royalties directly from their respective PRO.
(c) Pursuant to (b) Licensee will register the Licensed Work with the
appropriate PRO(s) and MRO(s) under the name of each and every writer.
It is the Licensor's responsibility to provide the correct writer(s)
name(s) (as registered with the PRO) and IPI number(s). Should the PRO
information (IPI and writer name) provided by the Licensor be incorrect
and a Licensed Work is registered with the incorrect information, it
will be the Licensor's responsibilty to inform Licensee of correct
information, alert the PRO of the Licensed Works affected, and pursue
collection of the writer’s share of performance income as a result of
the Licensed Use. Licensee will not be liable for any loss of income as
a result of incorrect information provided by Licensor. Should a writer
not be affiliated with any PRO, Licensee may register the track with
the writer identified as "no affiliation". It will be the writer's
responsibility to become a member of the PRO of his/her choice, inform
Licensee of affiliation, alert such PRO of the Licensed Works affected,
and pursue collection of the writer’s share of performance income as a
result of the Licensed Use. Licensee will not be liable for any loss of
income on behalf of any writers, who have failed to become registered
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(f) The right to exercise any right Licensee deems reasonably necessary
or desirable in connection with the administration, exploitation, or
protection of the Licensed Works in accordance with this Agreement.
ARTICLE II
2.1 It has and will maintain good and marketable title to all of the
Original Compositions and Original Master Recordings and the Licensed
Works are free and clear of all encumbrances and restrictions. The
Original Compositions and Original Master Recordings are wholly
original, do not include any samples/interpolations (excluding
royalty-free buyout with a valid synch license) and are not copied from
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any other work and will not, or shall any use thereof (including, but
not limited to, as provided for herein), infringe or violate the
copyright or any common-law right of any personal, proprietary, or
other right of any kind whatsoever of any person, firm, corporation or
association.
2.2 It has the full right and authority to enter this Agreement and to
grant the rights therein.
2.3 It agrees that any third party may use portions of or the entire
Licensed Work, and may edit, loop, enhance, or modify the Licensed
Work, provided that any such change shall not alter the fundamental
character of the portion of the Licensed Work being used, and any such
change shall not give rise to any ownership rights or claims, including
copyright, on the part of the third party, in or to the resultant
master recording or underlying composition. Licensor accepts and
agrees that with respect to any Licensed Use, including those in a
foreign territory outside of the United States, such changes and
alterations may be made without their approval.
2.4 It waives any so-called "moral rights" which may now be or may
hereafter be recognized, as well as any and all claims which it has or
may have against Licensee, its sub-licensees, successors and assigns,
by use of the Licensed Works and it's underlying Original Composition
and Original Master Recording. As such Licensor, waives approval rights
for the Licensed Use of any Licensed Work by any client, sublicensee or
third party.
2.5 It waives (i) any mechanical license fee which might otherwise be
payable as the result of any use, including duplication, of all or a
part of the Licensed Works by Licensee or by any third party in
connection with auditioning of Licensed Works, and (ii) any performing
rights fee which might otherwise be payable as the result of any
electronic transfer or transmission or other performance or
distribution in connection with an audition of all or a part of the
Licensed Works to any third party by Licensee; provided, however, that
nothing contained in this Agreement shall be deemed to constitute a
waiver of any fee which shall become due and payable to the relevant
performing or other rights society, such as ASCAP, BMI, SESAC, or
collection agency, as the result of any use of a Licensed Work by a
third party, unless Licensee shall have issued a direct license with
respect to certain of the public performance rights in any Licensed
Works. Licensor hereby agrees that Licensee and its Distributors and or
Subpublishers may use all or a part of the Licensed Works in connection
with the promotional use of Licensed Works and its artists without any
payment of master, mechanical or performance fees to Licensor.
2.7 It has obtained all necessary consents and Licenses with regard to
all Original Compositions, Original Master Recordings and the Licensed
Works.
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ARTICLE III
Definitions
3.4 "Sound Track Commercial CD" Shall mean use of a Licensed Work,
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3.13 "Gross Receipts" The total amount of fees received and actually
collected by Licensee for the use of a Licensed Work (reduced by
collection fees actually charged by any third party collection agent,
subpublisher or organization, including, without limitation, reasonable
legal fees, court costs), excluding mechanical royalties which are
specifically discussed in paragraph 4.1 (c) and publisher's share of
performance royalties
ARTICLE IV
Payment
4.1 Licensee shall pay to Licensor the following for uses of a Licensed
Work(s) for Film/TV Placement, Sound Track Commercial CDs and Ringtone
Distribution:
ARTICLE V
TERMINATION
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5.1 Either party may terminate this Agreement should the other party
breach any of its material terms hereunder and fails to remedy any such
breach within thirty (30) days of receiving notice of such breach.
Notwithstanding the foregoing, Licensee reserves the right to terminate
this Agreement entirely or with respect to any Licensed Work hereunder
for any reason, in Licensee’s sole discretion.
5.5. Termination of the agreement does not affect any Licensed rights
granted to third parties (i.e. End User), including perpetual rights.
The term of any Licensed Use shall be as set forth in the respective
license governing the Licensed Use, and is separate and apart from the
Term of this Agreement.
ARTICLE VI
ACCOUNTINGS
6.1 Licensee will compute payments due Licensor as of each April 1st,
July 1st, October 1st, and January 1st, for the payments received in
the preceding quarter-annual accounting periods. Licensee will have
the right to change the dates of the accounting periods with sixty (60)
days notice, but no accounting period shall exceed three (3) months in
duration. Within sixty (60) days following the close of the accounting
period concerned, Licensee will send Licensor a statement and will pay
Licensor any monies shown due. Licensee will not be required to send
Licensor a payment or a statement for any period in which the income
payable to Licensor, on a cumulative basis, is Fifty Dollars ($50.00)
or less.
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ARTICLE VII
INDEMNIFICATION
7.1 Licensor and Licensee shall, at all times, indemnify and hold one
another, their licensees, assignees and affiliated companies, and the
officers, directors, employees, and agents of all the foregoing,
harmless from and against any and all claims, damages, liabilities,
costs and expenses (including reasonable attorney's fees, expenses and
court costs) arising out of the exercise of any rights granted herein
or out of any breach by Licensor or Licensee, and their officers,
directors, employees and agents of all the foregoing, of any
representation, warranty or provision contained herein or any claims
thereof.
ARTICLE VIII
APPROVALS
ARTICLE IX
NOTICES
9.1 All notices under this Agreement will be in writing and will be
given by courier or other personal delivery or by registered or
certified mail (as to all of the foregoing, prepaid return receipt
requested), or by facsimile transmission (with a copy sent currently by
certified mail, return receipt requested), as designated by notice by
the party concerned:
TO LICENSOR:
Joaquin Velez
2305 Wilson Ave
Bronx, NY 10469 United States
3474315307
[email protected]
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TO LICENSEE:
Crucial Music Corporation
12031 Ventura Blvd, Ste 2
Studio City, CA 91604
ARTICLE X
ARTICLE XI
GENERAL PROVISIONS
11.4 This Agreement shall be governed by and construed under the laws
of the State of Tennessee.
11.6 Licensee may assign the benefit of and/or any of its obligations
under this Agreement and/or any or all of its rights hereunder to any
of its subsidiary or associated companies or to any company acquiring
substantially or all, of its undertaking or assets or subsidiaries or
associates thereof.
IN WITNESS WHEREOF, the parties hereto have this day signed in the
spaces provided below to confirm the agreement reached.
LICENSOR:
1/9/2021
By: __________________________ Date_________________
Tanvi Patel
President/CEO
EXHIBIT A
1.You are asked to confirm that you and your co-writers own your
masters and publishing, that all your songs are original, there are no
copyright protected samples used in the composition or master
recording, and you have the right to enter into this agreement with us.
If your masters are owned by a label, have your label contact us. If
you or your co-writers have an exclusive administration deal for your
publishing with someone like Bug Music, Cherry Lane, TuneCore
(publishing only), or another publishing entity, we can not represent
your catalog. If you or your co-writers have an exclusive full or
co-publishing agreement with another publisher, we can not represent
your catalog. If you or your co-writers have an exclusive film/tv
representation agreement with another company like Riptide, APM or 5
Alarm Music/Rescue Records, we can not represent your catalog. All
owners and co-writers must sign our agreement; verbal or written
agreements between the owners/writers assigning one person signatory
rights will not be accepted.
7. You will not be able to approve or deny the licenses we issue, due
to the nature of the shows or the type of uses, because of personal
"moral" reasons. You are waiving those rights.
8. We will not pay you for mechanical fees for the duplication of your
songs for promotional uses (i.e. pitching) or performance fees
associated with the audition of your music on our website (i.e. via
internet, email, hard-drive).
9. We only pay one check to the Licensor listed in the first paragraph,
even if more than one person has signed the agreement. It will be your
responsibility to pay additional signatories (ie those who have signed
the agreement), writers, vocalists, musicians, arrangers, producers
i.e. any third party you have a revenue sharing agreement with, out of
your share of the revenues. You are asked to confirm that your songs
were not recorded under an AFM or other union agreement utilizing union
musicians. Should this warranty be breached it will be your
responsibility to pay any union new use or re-use fees. We and our
clients are not responsible and will not pay any new use or re-use
union fees for the use of your songs.
10. The agreement lasts 3 years and will renew for additional 3 years
automatically. If you want us to stop working your music at the end of
the first 3 year term, just write us 60 days before hand telling us so.
We will remove your music from our site, business computers, and client
drives, within the end of the first full calendar quarter after the
termination date. For example, your contract expires February 1. 2009.
We receive a letter from you on December 1, 2008 that you want out of
the contract. We will remove all of your songs by June 30, 2009. If
your music is part of a 'blanket' agreement, meaning a client is given
x number of songs to use as much as they want for 4 years for an annual
payment, then we will remove your music when their contract expires.
You will continue receiving your share of the revenue for the 4th year.
We can not recall all of the individual CDRs or DVDRs that clients
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12. Termination will not affect our ability to collect our share of the
performance income in perpetuity for the music we placed for you.
Meaning, we will both receive our performance income directly from the
PRO forever.
Best,
Tanvi Patel
President/CEO
Crucial Music Corporation
Joaquin Velez
1/9/2021