WORK FOR HIRE ACKNOWLEDGMENT
The undersigned, _______ (Contractor), for and in consideration of the all in sum of ($) Dollars, hereby grants to (Company), all rights of every kind and nature in and to the results and proceeds of the Contractor services and performances as a record producer or otherwise rendered to Company in connection with the master recordings embodying the performances of the musical group known as "BAND containing all works related to as set forth on Schedule A annexed hereto and hereby made a part hereof (the Masters) including, without limitation, the complete, unconditional and exclusive worldwide ownership therein in perpetuity. Company, or its designees, assigns and successors, shall have the exclusive right to copyright any such Masters in their name, as a sole owner and author thereof, and to secure any and all renewals and extensions of such copyrights. All Masters, from the inception of the recording thereof, and all reproductions derived therefrom, together with the performances embodied thereon, shall be the sole and exclusive property of Company worldwide free from any claims whatsoever by Contractor or any person deriving any rights or interests from Contractor. Each such Master shall be considered a "work made for hire" for Company; if any such Master is determined not to be a "work made for hire" it will be deemed transferred to Company by this agreement, together with all rights in it. Without limiting the generality of the foregoing, Company and its designees, successors and assigns, shall have he exclusive worldwide rights in perpetuity to exploit and deal in and with respect to the Masters, to lease, license, convey or otherwise use or depose of the Masters by any method now or hereafter known, in any field of use, to manufacture, reproduce, market, sell, distribute, vend, broadcast, perform or otherwise exploit in any medium or by any method now or hereafter known, all upon such terms and conditions as Company may approve, in its sole discretion throughout the world, and to permit any other person, firm or corporation to do any or all of the foregoing, or to refrain from doing any and all of the foregoing.
The undersigned further acknowledges and agrees that Company shall not be required to make any payments of any nature for, or in connection with, the rendition of your services or the acquisition, exercise or exploitation of rights by Company pursuant to this Agreement, except as specifically provided hereinabove.
The company here by requires the following completed to be considered delivered.
-Complete Full mix & Instrumental mix files either turned in for mastering or mastered.
-Complete set of pro-tool files on either hard drive or DVD delivered to company
If you acknowledge and agree with the above, please sign in the space provided below.
Dated: AUGUST 27, 2009
Name/ Sign: (Contractor)
Name/ Print : (Contractor)
S.S.#:
Schedule A
I'm sure they'll use it for possible re-mixes/remasters in the far future, should the album in question become a hit.
Very good point.
