Administration Agreement Deal
Our administration deal focus on online brands industry, particularly in the media licensing business, where a creator or creator groups appoints an us to handle certain aspects of their career and business and licensing affairs. The purpose of Tony Brands administration business is to delegate specific administrative tasks, such as publishing and licensing, to our professional expertise in those areas. This allows the content creator and artist to focus on their creative work while the we takes care of the business side.
Our administration deal service focus on media brands industry, particularly in the online media content business, where a client(content creator or a content creator group) appoints us(Tony Brands) to handle certain aspects of the content creator business affairs. Our administration purpose is to delegate specific administrative tasks, such licensing and collecting monetary payment from unauthorized use of our client media content. This allows the our client to focus on their creative work while the administrator takes care of the business side.
Key components of our administration deal may include:
- Publishing Administration: Tony Brands oversees the exploitation of the content creator’s works. This involves licensing the songs for use in various media, collecting royalties, and ensuring that the content creator is compensated for the use of their online content.
- Licensing: Tony Brands may handle the licensing of the content creator works for use in films, TV shows, commercials, video games, and other media platform. This includes negotiating licensing agreements and ensuring that the artist receives appropriate compensation.
- Royalty Collection: Tony Brands is responsible for collecting and distributing royalties earned from the content creator’s works. This involves tracking the usage of the media content on the internet and ensuring that the content creator is paid for each use.
- Financial Management: Tony Brands may assist with financial matters related to the content creator career and business dealing, such as budgeting, accounting, and financial planning.
- Contract Negotiation: Tony Brands may negotiate and manage various contracts on behalf of the content creator, including publishing agreements, licensing agreements, and other business contracts.
- Advancement of Funds: In some cases, the Tony Brands may advance funds to the content creator to support their career, with the expectation that these advances will be recouped from the content creator’s earnings.
It’s important for artists to carefully review and negotiate the terms of an administration deal to ensure that it aligns with their goals and interests. The specific terms of administration deals can vary widely and should be tailored to the unique needs and circumstances of the artist and the administrator.
This Royalty Agreement (the “Agreement”) is entered into by and between Tony Brands a (“Payer”), and [Recipient’s Name], a client or entity (“Recipient”). Collectively, Payer and Recipient may be referred to as the “Parties.”
Grant of Royalty:
Payer agrees to pay Recipient a royalty on the net revenue generated from the use, sale, or licensing of the intellectual property described in Exhibit A attached hereto (the “Intellectual Property”). The royalty rate and calculation method are detailed in Exhibit A.
(a) Royalties shall be paid to Recipient quarterly (3 months).
(b) Payment shall be made via Stripe Payment & direct deposit to the account specified by Recipient.
(c) Client must accumulate a minimum of $125 from royalties in order to receive payout.
Accounting and Statements:
(a) Payer shall provide detailed statements to Recipient along with each royalty payment, showing the calculation of net revenue and the corresponding royalty owed.
(b) Recipient has the right to request additional documentation or clarification regarding the calculation of net revenue.
Term and Termination:
(a) The term of this Agreement shall commence on the Effective Date and continue until terminated by either party with 30 days’ written notice.
(b) Either party may terminate this Agreement immediately for a material breach by the other party.
(a) Both parties agree to keep confidential any proprietary or sensitive information disclosed during the course of this Agreement.
(b) This obligation of confidentiality survives the termination of this Agreement.
Representations and Warranties:
(a) Payer represents and warrants that it has the right to use, sell, or license the Intellectual Property and that the use does not infringe the intellectual property rights of any third party.
(b) Recipient represents and warrants that it is the rightful owner of the Intellectual Property or has the authority to receive royalties on behalf of the owner.
This Agreement shall be governed by and construed in accordance with the laws of North Carolina.
(a) This Agreement constitutes the entire understanding between the Parties.
(b) Amendments to this Agreement must be in writing and signed by both Parties.
IN WITNESS WHEREOF, the Parties hereto have executed this Royalty Agreement as of the Effective Date.