Members Watch_me_move Posted April 29, 2009 Members Share Posted April 29, 2009 Hey guys,My band and I recently parted ways, and I'm trying to figure how a professional way to handle the money and ownership rights. They wrote all the music and I wrote all the lyrics. What kind of agreement should I present? As for the money, my indie label paid for the recording cost, however they contributed towards the packaging. I decided to waive the recoup cost since they didnt sign an agreement prior. Dividing it all evenally sounds fair right? Thanks! Link to comment Share on other sites More sharing options...
Members werdna Posted May 1, 2009 Members Share Posted May 1, 2009 Keep the songwriting credits. Link to comment Share on other sites More sharing options...
Moderators daddymack Posted May 1, 2009 Moderators Share Posted May 1, 2009 As it was a band project, then yes, equal shares to all regarding the costs. YOu mention an indie label, which will complicate the performance rights etc., since, essentially, you co-wrote the songs, therefore you are entitled to half the publishing, and a piece of the rest as well, etc. If there is real $ involved here, see a lawyer!Get this written down, and make certain when the copyrights were applied for that your name was on there. You should also make a mutual agreement with your co-writers that either of you can use the material in the future as you see fit, as long as proper credit is given. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.