Building a Strong Musician Agreement: The Importance of Split Sheets and Contracts” – Highlighting the significance of split sheets and other legal agreements in defining ownership and revenue splits among collaborators in music production.
CONTRACTS
Contracts are legally binding documents that specify mutually agreed-upon terms and conditions, expected outcomes and requirements of the parties involved in a professional engagement.
They are important for all parties, because unforeseen circumstances may arise, misunderstandings can occur, or terms and fees might otherwise be suddenly changed without notice.
As an artist, it’s important to have your bases covered when entering into a situation where you are expected to provide your services to a client, institution, etc.
In general, artist contracts can take a number of different forms depending on the specific situation. But there are also some key sections and details that are common across different types of contracts: including full and complete details of an artwork or proposal; artwork copyright and documentation permissions; time frame of the agreement, important stages and key dates; governing law under which the agreement is enforced; and procedures for dispute resolution and termination.
A termination clause, is an important part of any form of agreement, as it lays out the process for cancelling the contract: under which circumstances it may be cancelled, how much notice must be given, who bears costs already incurred, etc. generally contracts enhance confidentiality and act as a presentation for obligation
WHAT IS A SPLIT SHEET?
A split sheet is a written agreement that records you and cowriters’ shares of a song that you write.The agreed percentages determine how much each contributor will receive from the royalties generated by their music.
Basically a split sheet is a form of a contract between you and your cowriters and the producers of the artist’s music.
