Library Contract

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ToddB
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Library Contract

Post by ToddB » Wed Nov 17, 2021 5:17 pm

Has anyone ever been asked to sign this kind of contract for an exclusive deal with a library?

COPYRIGHT TRANSFER. Artist hereby irrevocably transfers to Company one hundred percent
(100%) of Artist’s entire right, title, and interest throughout the world in perpetuity to the Recordings.

Thanks for any input
ToddB

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Casey H
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Re: Library Contract

Post by Casey H » Wed Nov 17, 2021 6:38 pm

ToddB wrote:
Wed Nov 17, 2021 5:17 pm
Has anyone ever been asked to sign this kind of contract for an exclusive deal with a library?

COPYRIGHT TRANSFER. Artist hereby irrevocably transfers to Company one hundred percent
(100%) of Artist’s entire right, title, and interest throughout the world in perpetuity to the Recordings.

Thanks for any input
ToddB
Yes, there are some contracts like this. What it means is you are giving them your song forever and in turn, they will pay you 50% of revenue. It's not the most common form of music library contracts these days but there are some excellent libraries that do this. You should only sign if you are comfortable with the deal, having a good understanding of it up front. If you want to hold on to "your baby" and have more options for pitching it later on your own, it's not for you. However, if you feel you could write more songs just as good, this is just one of many in your career, it could very much be worth a shot.

Was this the result of a Taxi forward? Does the library name start with the letter B? If so, they are a solid library. BUT again, you have to be sure this is the right deal for you and your song.

:D Good luck!
Casey

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hummingbird
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Re: Library Contract

Post by hummingbird » Wed Nov 17, 2021 8:05 pm

Congrats on the offer! And, what Casey said. I've signed exclusive agreements with such a provision with good libraries.
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VanderBoegh
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Re: Library Contract

Post by VanderBoegh » Wed Nov 24, 2021 4:24 pm

I sign over the copyright to nearly every piece of music I sign to a library.

~~Matt

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cosmicdolphin
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Re: Library Contract

Post by cosmicdolphin » Thu Nov 25, 2021 12:17 pm

VanderBoegh wrote:
Wed Nov 24, 2021 4:24 pm
I sign over the copyright to nearly every piece of music I sign to a library.

~~Matt
I don't even check :shock:

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