A FILM / TV LICENSING AGREEMENT BETWEEN RECORD CO. & ARTIST: Signoff
See more notes below...
JIMMY : This is a typical contract for the licensing of a tune for a movie: In this case, the ORIGINAL tune was recorded by Universal / A&M Records, so they will SPLIT EQUALLY WITH US (in this case the $20,000 or so mentioned / offered)..Remember, this is an OFFER. We / you still could ask for MORE!
Considering we 'take' this offer, We'll end up with $10,000 in our pockets,
and Universal will get the other half for being 'an agent' !! NICE to
be a record company, yes? In your case, you still have ALL THE RIGHTS
to your original recording on your OWN LABEL...of 'Apache', since it's
not on a major label yet... so you'd KEEP all front monies offered, and
REMEMBER...you'll still get even MORE - when the film is released.