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50/50 split agreement?
Old 12th November 2009
  #1
Lives for gear
 
CRACKPIPE's Avatar
 
🎧 10 years
50/50 split agreement?

I'm selling a song to a rapper for a grand and we want to do a 50/50 split agreement. I searched and didn't find what I needed. Does anybody have a boilerplate contract of this nature to share?

I was going to go with a lawyer but I was told don't bother, just do this. The artist isn't signed, they want it for their demo/mixtape/etc with the hope of getting signed.

We just want to make sure if she does get signed we have ownership of the song covered.

Thanks,

Roberto
Old 12th November 2009
  #2
Gear Guru
 
10 Reviews written
🎧 10 years
a simple agreement in layman's terms is binding w/ two signatures (or even an approval/acceptance via email response).

just write it out, simply, and clearly.

###

Date

Person #1 and Person #2 agree to split 50/50 the net proceeds from the exploitation of the master recording entitled "______".

Signed Person #1______________
address
phone
email

Signed Person #2______________
address
phone
email

###

Make copies and keep on file - you can make it more complicated - but you can still keep it simple - just write down the deal as you discussed it.

It'll be good enough for 99% of whatever will happen.
Old 13th November 2009 | Show parent
  #3
Lives for gear
 
CRACKPIPE's Avatar
 
🎧 10 years
Thank you.

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