NOW, therefore, in consideration of the promises and covenants contained herein, as well as other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the Parties do hereby agree as follows: This Agreement between the Artist and the Company shall commence upon ________ and shall continue in full force and effect until the Music Recordings produced for Artist are complete, including manufacturing, marketing, and distribution (including recording, the "Services").
Artist will be responsible for any fees or costs incurred in relation to this audit unless sufficient suspicious activity is found. Points are a producer's bread and butter. The Artist grants to the Company and to parties authorized by the Company the following perpetual rights: the right to use and publish the Artist's name, likeness, and biographical material for advertising purposes in connection with the Recording made under this Agreement; the right to manufacture, distribute, license or otherwise use within the Territory the Recording made under this Agreement including the right to combine and sell with recordings of performances of other artists; and. In the case that the Company is found to have neglected to fulfill their financial obligations to the Artists, the Company will then be responsible for all fees and costs incurred by the audit.ARTICLE 12 - INJUNCTION: Artist hereby acknowledges and agrees that in the event that the Artist violates the terms of this Agreement, the Company will be harmed irreparably and money damages will be insufficient to compensate the Company. However, if a court of competent jurisdiction finds any of the provisions of this Agreement to be invalid or too broad to be enforceable, it is the parties' intent that such provision be reduced in scope by the court only to the extent deemed necessary by that court to render the provision reasonable and enforceable. "Net Sales" - Eighty Five (85%) percent of gross sales for which the Company receives payment and which are not returned for refund or exchange. The initial Contract Period and any extensions and suspensions will be referred to as the "Term". The Artist will assist the Company in obtaining life insurance on the Artist, including submitting to a physical examination, where the Company wishes to obtain such life insurance. The Term of this Agreement will consist of an initial period (the "Initial Contract Period") during which the Artist and the Company will cooperate to produce Master Recordings suitable for the production of … IN CONSIDERATION OF and as a condition of the Company producing and distributing certain recordings for the Artist and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the parties to this Agreement agree as follows: IN WITNESS WHEREOF the parties have duly affixed their signatures under hand and seal on this ________ day of ________________, ________.
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