12 June 2010
A music management company and the proprietors of a music venue agreed to set up a new record label. One of the first recordings was to be made by a band managed by the management company at a live concert to be held at the venue. The new company was to bear the name and logo of the venue. I was instructed by the management company to draw up an agreement to carry their bargain into effect.
My draft agreement recited the deal, set out each party’s obligations, provided for the sharing of revenues, ownership of intellectual property, termination and the usual boilerplate clauses.
The new recording company has done very well to the benefit of the club, the management company and its band. They have a big page on MySpace and some very favourable reviews.