A copyright exclusive license is one in which ownership in one or more of the copyright owner's rights is transferred by the copyright owner to a third party. A copyright nonexclusive license occurs when the owner retains ownership of the copyright and retains the right to license the same right to others.
It is a legal agreement that binds the Artist and the Company to fulfill all the terms and conditions contained in it. All Individual Artist Agreements must be in compliance with the respective Collective Bargaining Agreement.
Like its name suggests, an exclusive contract is one that restricts a party from providing the same goods/services to others for a specified period of time. This can also be applied in the context where a company obtains exclusive rights and agrees to do business exclusively with another company.
exclusive agreement gives parties the freedom to form similar arrangements with multiple entities. Unlike exclusive contracts that lock you into working with just one partner, nonexclusive agreements open doors to numerous business relationships.
(a) The artist will be bound to the label for a specified period to produce an album (or single or EP.) as well as be forbidden from working with other labels. (b) The label will exclusively own the copyright to those songs for the duration of copyright (or an agreed shorter period –often called 'Rights Period').
A side agreement, sometimes called a side letter, or a side letter arrangement is an agreement that coincides with but is not part of a primary contract. Side agreements are often used for: Contingency agreements for a contract. To clarify issues within a contract.
The Side Artist Recording Agreement is a contract used when a record label, artist, or producer hires a musician or singer not part of the artist's group or band to perform on an artist's recording.