Music Publishing Administration Agreement (Long form - Comprehensive)
AGREEMENT made as of the ___________ day of ___________, 20 _, between _________________, a [State] corporation (hereinafter referred to as "Publisher", whose address is [Address], and _________________, a [State] corporation (hereinafter referred to as "Administrator"), whose address is [Address].
IN CONSIDERATION of the mutual covenants and promises hereinafter set forth, it is hereby agreed by the parties hereto as follows;
1. Publisher hereby designates Administrator and Administrator hereby accepts such designation and undertakes to act as the sole selling agent and business supervisor of Publisher throughout the world.
2. Administrator shall provide all necessary administrative management services and supervisory facilities for Publisher and agrees to take all necessary and proper steps to protect the copyrights owned by Publisher. Such services, facilities and protective measures shall be comparable, at least to the best facilities, services and protective measures provided by Administrator to any other company for which Administrator shall also be acting during the term hereof in the same capacity as it agrees herein to act for Publisher. Such services and facilities shall include rent, procurement of supplies, selling, invoicing dispatching, shipping, bookkeeping, and collection of accounts, local telephone service and all other services not hereinafter specifically excepted. For all such services and personnel, Administrator shall be authorized to retain percent ( %) of the gross income received by or on behalf of Publisher from all sources during the term of this agreement (the "Administration Fee").
3. Publisher will pay the salaries of any employees (subject to written approval by Publisher) employed by and for Publisher exclusively for the exploitation of its catalogue. Administrator agrees, nevertheless, to advance for the account of Publisher all sums required for the defraying of the costs and expenses with respect thereto.
4. With respect to all compositions owned or controlled by Publisher, Publisher will pay the following:
(a) All expenses for the purchase of music paper and other inventory, printing engraving, autographing, orchestrating, authors' royalties, advertising in trade periodicals, disc jockey records and other trade publicity;
(b) Costs of any authorized special arrangements required by Publisher for the exploitation of its catalogue;
(c) All accounting and legal fees incurred solely with respect to the compositions;
(d) Any fees required to be paid to for the collection of mechanical and synchronization fees due to Publisher by reason of licenses issued by but in no event shall such fees exceed five percent (5%) of mechanical license fees and ten percent (10%) of synchronization license fees without first having obtained the consent of Publisher. No expenses other than those referred to above shall be charged to Publisher without the consent of Publisher. Administrator agrees to advance for the account of Publisher all sums required for the defraying of the costs and expenses with respect thereto.
5. Advances made by Administrator pursuant to paragraphs 3 and 4 of this agreement, and any additional advances made by Administrator which Administrator agrees to advance to or for the account of Publisher when and if necessary, for the purpose of conducting the music business of Publisher, will be repaid to Administrator from the gross income received by or on behalf of Publisher from all sources, after first deducting the...
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