LABEL MANAGEMENT AGREEMENT.

LABEL MANAGEMENT AGREEMENT.

This Label Management Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ____ day of _____ 2021 (the “Effective Date”), between Playcatcher Entertainment, Contact Info: _______________ (hereinafter referred to as the “Label”), and ___________ Contact Info: ________________ (herein referred to as the “Artist”).

NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:

  • TERM.

The initial term of this Agreement shall be for a period Two Years, commencing on the Effective Date herein, with the option of negotiating another term upon expiry of this Term.

  • SCOPE.
      1. The Artist shall work under the Label’s management during the term started herein, the Label shall provide the Artist with studio time, video production, promotion of the Artist’s music, merchandise, features and streams.
      2. The Label shall act as the Artist’s representative during the term of this Agreement.
      3. The Artist shall not, during the term of this Agreement, not conduct similar business with another Label without prior written notice and consent of the Label.
  • PAYMENT/PROFIT.

The Artist shall put _____% of the investment into this management, and receive ____% from the revenues collected from the music. 

  • TERMINATION/CANCELLATION.

Parties agree that either Party can terminate the Agreement at any given time, provided that the intending Party provides the other Party a ____ Day Written Notice on the termination/cancellation. The Label can cancel/terminate this Agreement at any time should the Artist violate any clause of this Agreement including but not limited to cancelling studio time and/or video sessions many times without a written notice. A buy out option of $250, 000 shall be applicable in the event the Artist wishes to terminate/cancel this Agreement.

  • COPYRIGHTS/LIABITY/INDEMNITY.
      1. The Artist shall own all the copyright and intellectual property rights to the music covered under this Agreement. The Label shall not lay any claim or rights to the music during this Agreement or upon the termination/cancellation of this Agreement, but shall enjoy the benefits related to the sale and promotion of the music.
      2. The Label shall not be held responsible for any liability arising from the use, sell, promotion, publishing and/or production of the music, or be held liable for any claims thereof. The Label shall not be held responsible for any copyright infringement arising from music or content on the music that the Artist creates and/or approves. The Artist shall assume all the legal responsibility associated with the music produced, sold and/or published for them by the Label. The Artist shall defend and indemnify the Label against any and all legal issues arising related to copyright infringement.
      3. The Label shall not, during the term of this Agreement, be held liable for any injuries sustained by the Artist while performing their obligations under this Agreement unless such injuries are as a result of the Label’s negligence. The Artist shall indemnify the Label against such injuries and shall take responsibility of their own safety.
  • WAIVER.

The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.

  • GENERAL PROVISION, GOVERNING LAW AND JURISDICTION. 
    1. This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof.  No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.
    2. This Agreement shall be governed by and construed in accordance with the laws of the ____________ [State/Country]. Exclusive jurisdiction and venue shall be in _____________ [State/Country]. 
    3. This Agreement shall be binding upon and inure to the benefit of the Label and the Artist and their respective successors and assigns, provided that the Artist may not assign any of their obligations under this Agreement without the Label’s prior written consent.  
    4. Each party represents and warrants to the other that such party has acted in good faith, and agrees to continue to so act, in the negotiation, execution, delivery, performance, and any termination of this Agreement.

IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective Date.

LABEL.                     ARTIST.

______________________                                        ________________________

Signature                               Signature               _____________________                                         _________________________

Contact Information                   Contact information

_____________________                                           _________________________

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