Copyright © 2021 1710Media Ltd.
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I have read and agreed to the below terms and Conditions;
This Music Distribution Service Agreement (the "Agreement") is entered into today (the "Effective Date") between 1710Media Limited, a company duly registered and incorporated under the laws of Nigeria (referred to as the "Company"), and an individual/legal entity (referred to as the "Client").
1. Definitions
1.1. "Services" shall refer to the music distribution services provided by the Company to the Client, including but not limited to the distribution of the Client's music content to various Digital Service Providers (DSPs) such as Spotify, YouTube & YouTube Music, Amazon, Vevo, Tidal, Facebook & Instagram, Apple Music and iTunes, TikTok & Resso, Boomplay, Pandora, and any other platforms as agreed upon.
2. Royalties and Compensation
2.1. The Company agrees to distribute the Client's music content on the specified DSPs, and the Client shall receive ninety percent (90%) of the net royalties generated from the exploitation of the music content on a monthly basis.
2.2. "Net royalties" shall be defined as the gross revenues received by the Company from the distribution of the music content on the DSPs, less any applicable deductions, fees, taxes, and other legitimate expenses incurred in the distribution process.
2.3. The Company shall provide the Client with a detailed statement of the calculated net royalties and any applicable deductions every month.
2.4. Payment of the net royalties to the Client shall be made within 10 days from the end of each calendar month.
3. Grant of Rights
3.1. The Client hereby grants the Company the non-exclusive right to distribute, promote, and exploit the music content on the specified DSPs for the term of this Agreement.
3.2. The Client represents and warrants that they have obtained all necessary rights, licenses, and clearances for the music content, including but not limited to music composition rights, performance rights, and any other relevant intellectual property rights.
4. Term and Termination
4.1. This Agreement shall commence on the Effective Date and shall continue in effect until terminated by either party with 30 days written notice.
4.2. Either party may terminate this Agreement immediately if the other party breaches any material term of this Agreement and fails to remedy such breach within 30 days of receiving written notice specifying the breach.
5. Confidentiality
5.1. Both parties agree to treat all non-public information received from the other party as confidential and shall not disclose or use such information for any purpose other than the performance of this Agreement, except as required by law.
6. Governing Law and Dispute Resolution
6.1. This Agreement shall be governed by and construed by the laws of Nigeria.
6.2. Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of [Lagos, Nigeria].
7. Entire Agreement
7.1. This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior negotiations, contracts, and agreements, whether oral or written.
In witness whereof, the parties hereto have executed this Music Video Distribution Service Agreement as of the Effective Date.
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