Term | Comment |
Contract Name | The assigned name that you give to a Contract. This can be the name of the signed artist/label but can be named unrelated to any signees. |
Licensee | The party/person whose content has been licensed to the licensor (other party). The Licensee is usually the artist or smaller label in the agreement. |
Licensor | The party/person who has licensed the content provided by the licensee (other party). The Licensor is usually the label or the larger company in the agreement. |
Contract Type | The category of Contract that is being listed. Selection is Profit Share, Royalty & Publishing which all trigger different data requirements such as rights % splits. |
Main Contact | The main intended Contact name for the Contract. This box will be autofilled into/draw from Contacts |
Account's Email Address | The main intended email address associated with the Contract & Contact Name. |
Option Description | The identification of existence of any custom conditions arising from the Contract as described within the Contract proper. |
Option Trigger | The prompt that would activate the custom option, allowing the custom conditions associated to the option to come into effect. |
Option Expiry | The provocation which would see the custom condition to no longer apply once prompted. |
Files | All of the relevant digital documents associated and/or pertinent to the Contract - including the Contract Scan/Digital File itself. |
Contract Date | The stated date of the contract as appears within the Contract proper. This can differ from the Rights Start Date but is often the same date. |
Rights Start Date | The date agreed as the day the Contract and the associated rights ownership/holdership agreement comes into effect. |
Rights Expiry Date | The date agreed as the day the Contract and the associated rights ownership/holdership agreement ceases to apply. |
Sell Off End Date | This is normally a set period after the main term of the contract has expired, in which the selling of related stock is permitted. |
Accounting Period | The frequency in which accounting of the contracts' associated catalog use is provided to the client. |
Within No. of Days | The time period which separates each accounting statement from the last/next statement. |
Audit Frequency | The regularity of auditing of content/accounting as agreed in the associated contract |
Advance | The amount that a record label/publisher has paid to invest in the artist/band as pre-project funding. |
Advance Paid? | Simply choose yes / no to track if any advance has been paid, if no then it will appear on the Dashboard to remind you it's due. |
Product Commitment | Total amount of pieces of music to be provided as per the agreed contract. |
Exclusivity | The indication if the Contract refers in anyway to an Exclusive agreement, or if alternatively a non-Exclusive agreement has been reached. |
Percentage Split (Profit Share) | The percentage (%) split between the licensee and Licensor as agreed in the contract. Enter the Licensee split amount here. |
(Approvals) Single Choices | The identification who has the final say on what singles are chosen for separate release from the main release project, as set out in the Contract. |
(Approvals) Possible Remixes/Re-Edits | The identification who has the final say on who remixes music from the release project and which will be released during the release project, as set out in the Contract. |
(Approvals) Syncs | The identification who has the final say on what sync opportunities are accepted for usage from the main release project, as set out in the Contract. |
Digital Rights | A simple Yes/No answer regarding Digital Rights and if they are included as part of the contract. |
Digital Rate | If marked Yes, the % amount the Licensor is entitled to of the Digital Rights. |
Physical Rights | A simple Yes/No answer regarding Physical Rights and if they are included as part of the contract. |
Physical Rate | If marked Yes, the % amount the Licensor is entitled to of the Physical Rights. |
Sync Rights | A simple Yes/No answer regarding Sync Rights and if they are included as part of the contract. |
Sync Rate | If marked Yes, the % amount the Licensor is entitled to of the Sync Rights. |
NR Rights | A simple Yes/No answer regarding Neighbouring Rights and if they are included as part of the contract. |
NR Rate | If marked Yes, the % amount the Licensor is entitled to of the Neighbouring Rights. |
Comp Rights | A simple Yes/No answer regarding Composition Rights and if they are included as part of the contract. |
Comp Rate | If marked Yes, the % amount the Licensor is entitled to of the Composition Rights. |
Mechanical Rate | The percentage (%) amount the Licensor is entitled to of the Mechanical Rights. |
Performance Rate | The percentage (%) amount the Licensor is entitled to of the Performance Rights. |
Cover Rate | The percentage (%) amount the Licensor is entitled to of the Cover Rights. |
Sheet Music Rate | The percentage (%) amount the Licensor is entitled to of the Sheet Music Rights. |
Other Rate | The percentage (%) amount the Licensor is entitled to of a custom field assigned Rights. |
Composition Type | The type of recording the contract refers to. This can be as explicitly referred to in the Contract or just a judgement made by either party as to what kind of recording the song(s) are. |
Artist Name | The Artist name as they appear within the Sync Contract that the information refers to. |
Client Name | The Client name as they appear within the Sync Contract that the information refers to. |
Brand Name | The Brand name as they appear within the Sync Contract that the information refers to. |
Fee Info | The written detail of what the agreed Fee is and what terms apply within the Contract. |
Nature of Use | The selection of which media the recording is contracted to appear on, |
Nature of Use Comment | The comment box for the Nature of Use of the Recording. Any additional details or conditions should be entered here. |
Media Type | The selection of what media format the recording is contracted to be presented on. |
Media Type Comment | The comment box for the Media Type of the Recording. Any additional details or conditions should be entered here. |
(+Add) Releases | This feature gives you the ability to link relevant Releases to the contract. |
(+Add) Assets | This feature gives you the ability to link relevant Assets to the contract. |
(+Add) Works | This feature gives you the ability to link relevant Works to the contract. |