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Exam 3 Part 1
Co-Publishing Agreement
An agreement in which a songwriter becomes a copyright owner and co-publisher, with their share of royalties taken from the publisher's copyright share.
Circumstances for Co-Publishing Agreement
Five situations that justify a co-publishing agreement, including a songwriter with prior success who owns their songs and an unsigned songwriter who signs a single song agreement that becomes a hit.
Compensation Provision
A provision in a co-publishing agreement that spells out a greater percentage (75%) than an exclusive agreement (50%), with the songwriter's share plus co-publisher share.
Advance Provision
The higher amount of advance given to a songwriter or songwriter-artist in a co-publishing agreement due to past and/or potential earnings, with advances recouped from all streams of income.
Right of First Refusal
The right of the publishing company to match the offer of other publishers if the songwriter wants to sell their catalog of songs with their co-publishing share.
Control Composition Clause
A separate document in the lecture outline that explains the control composition clause in a co-publishing agreement.
Copyright Administration
Outsourcing administrative and creative tasks, such as licensing, royalties, copyright registration, and pitching songs, to a specialized company known as an administration company or administrator.
Administration Company
A stand-alone company that exists solely for copyright administration, or a major music publisher that can also act as an administrator.
Administration Agreement
An agreement in which the copyright owner assigns control of the copyright to the administrator, who charges a percentage of royalties earned as an administration fee.
Joint Venture Agreement
An agreement between a music publishing company and an individual or group to create a jointly owned song catalog, with the publisher's copyright share usually split equally between the publisher and venture partners.
