When you think about it, songwriting is highly collaborative. Today's biggest music stars work with many people. Teams of musicians, songwriters and producers often help bring their musical works to life. Rising stars do, too. In fact, anyone involved in music knows about collaboration and what magic it creates.
But what happens when each collaborator needs to figure out who gets compensated? Well, when that happens, what's collaborative might quickly become a headache. Collaboration agreements can resolve such issues. A collaboration agreement helps several parties fairly divide copyright, royalties and other necessities. Arranging and signing the agreement ensures all parties will get fair compensation for the work they've completed together.
What happens if you don't have a collaboration agreement in place? Copyrights, royalties and other necessities typically get split evenly between all parties. This arrangement doesn't take credit for lyrics, music, hooks and other factors into consideration. So, regardless of who did what, parties who didn't sign a collaboration agreement simply receive equal credits and royalties for their efforts.
A collaboration agreement can change that arrangement. Since songwriting is tangible, you need a collaboration agreement to properly divide songwriting credits and royalties between all parties. So, an artist can decide to keep 50 percent of their credits/royalties. But they still need a collaboration agreement to split everything else between their collaborators.
About Wallace Collins, Esq. Entertainment Lawyer
Located in New York, Wallace Collins, Esq. has represented some of the biggest names in modern music for over 25 years. Now, Collins represents clients who need help in entertainment law and copyright matters.
Collins is natural in the entertainment industry, having had spent some time as a recording artist for Epic Records as a teenager. Now, his experience aids clients who need assistance in entertainment law and copyright matters.
As an entertainment lawyer and IP attorney, he structures and negotiates entertainment deals. Collins also provides legal advice to clients regarding marketing strategy and entertainment branding.
Collins' previous clients include music publishers, independent record labels, songwriters and the biggest recording artists today. He's won several high profile cases, notably a copyright infringement case for a sample usage in 'Whoomp! There It Is.' As of late, he's assisted clients with copyright terminations, media licensing and deal negotiation.
The information provided in this video does not constitute legal advice, is of a general nature and is for educational purposes only. Consult a lawyer for advice for any specific situation.
Tunedly makes finding online session musicians for hire easy. Join today.