Tips for drafting a contract

Drafting a contract is an important stage, whether you receive assistance from a lawyer or use templates from open sources.

When preparing an agreement, pay attention to the following key aspects:

Rights Transfer

Clearly define whether you are transferring full rights or granting a license.

Type of License

Specify whether it is an exclusive or non-exclusive license.

Usage Permissions

Detail the ways in which the licensee can use the music. Include any restrictions on the usage, if applicable.

Payment Terms

Define the payment terms, considering options, such as a fixed fee, royalties, or their combination.

Reporting Periods

Agree on the deadlines and the format for royalty reporting in advance.

Deal Approvals

Determine whether the licensee must seek your approval for certain transactions, such as covers or synchronizations.

Attribution

Clarify whether the licensee is obligated to credit you when using the music in projects.

Formulate additional questions and address these aspects to ensure that the contract benefits your interests and is clear to the other party.

Clear agreements will help you avoid potential conflicts.