Splitting ownership of your master recordings with someone else?
Whether it be your band members or someone else, you need to be clear as to who owns those recordings and who shares in the profits. In this newer music industry model, many disputes are starting to arise between band members, guest musicians, engineers, producers, and others regarding who actually owns the recordings of your album.
This easy-to-understand Master Ownership Agreement will allow you to clearly indicate the percentage each person owns of a master recording. This protects your interest in the master recording and also reduces any confusion or arguments regarding ownership percentages later on after the master has been recorded.
This Master Ownership Agreement should be used at every recording session to protect your ownership interest in each recording you make. Also, this Master Ownership Agreement can be used again and again, making it a great value by providing on-going protection for a one-time price.
This Master Ownership Agreement has been prepared by an attorney licensed to practice in the State of California for California residents and under California laws. If you are a resident of another state besides California, the laws of your state may differ from those reflected in this Master Ownership Agreement and you should retain an attorney in your state to advise you and draft a master ownership agreement on your behalf, and/or review this Master Ownership Agreement template before you use it.
The purpose of a Master Ownership Agreement is to delineate the ownership of intellectual property to attempt to avoid any questions of ownership in the future. It is impossible, however, to anticipate all issues that may be related to the ownership of intellectual property, and this template Master Ownership Agreement does not cover or purport to cover every issue that a creator(s) or artist(s) might encounter. The template also is general and is drafted to address basic ownership, not specific scenarios. This template (and Indie Artist Resource, www.indieartistresource.com, and Erin M. Jacobson, Esq.) do not purport to provide and are not providing you with legal advice or acting as your attorney. If you would like advice about the ownership of your intellectual property, you should consult with a lawyer licensed in your state who can give advice directed specifically to your needs and issues.
This Master Ownership Agreement template is made available for self-help purposes. The availability of, or your download of use of this Master Ownership Agreement template is not legal advice or the practice of law. There is no attorney-client relationship created between you and Indie Artist Resource, Erin M. Jacobson, Esq., or any other attorney or employee at Indie Artist Resource and the parties listed herein are not acting as your attorney. You should not rely on, act, or fail to act, upon this information without seeking the professional counsel of an attorney licensed in your state.
By using this Master Ownership Agreement, you understand and agree to these conditions and shall not hold Indie Artist Resource or Erin M. Jacobson, Esq. liable for any potential or actual liabilities or losses incurred from your use of this Master Ownership Agreement.