TMC MUSIC PUBLISHING AGREEMENT
This agreement is made in Athens, on [Date], between:
Publisher: Ioannis Kirimkiridis, legal representative of TMC Publishing, located at Dim. Filiou 17, Ioannina, Greece (VAT No. EL114475554), hereinafter referred to as “Publisher”,
and
Creator: [Full Name], [Parent’s Name], [Address], VAT No. [xxxx], hereinafter referred to as “Creator”.
The parties agree as follows:
1. Original Works
1.1 The Creator confirms authorship of the following original musical works (“Compositions”):
- [Track Title 1]
- [Track Title 2]
- [Track Title 3]
2. License of Rights
2.1 The Creator grants the Publisher the exclusive right to exploit the Compositions globally, including all rights of reproduction, distribution, public performance, rental, lending, communication to the public, and availability by any means.
2.2 The Creator retains ownership of copyright but licenses its full use to the Publisher.
2.3 The Creator confirms the works are original and do not infringe any third-party rights. If any claims arise, the Creator is solely responsible and will fully indemnify the Publisher.
2.4 The Creator authorizes the Publisher to register and manage copyright protection, with the Creator’s cooperation if required.
2.5 The Publisher may collect all payments relating to the Compositions from the date of this agreement.
2.6 The Publisher is not obliged to pay royalties for promotional distribution (e.g., complimentary recordings or sheet music).
3. Exploitation Rights
3.1 The license is worldwide and includes, but is not limited to:
- Reproduction in any format or medium
- Distribution of any recordings
- Online use and availability
- Broadcasting (radio, TV, satellite, cable)
- Public performance (live or recorded)
- Synchronization for media (films, ads, games, apps, etc.)
4. Editing and Use
4.1 The Publisher may adapt or edit the works for promotional or distribution purposes without requiring prior approval, as long as the integrity of the work is maintained.
5. Royalties
5.1 The Creator will receive 50% of the Publisher’s net income from all commercial exploitation of the Compositions.
5.2 Payments will be made monthly, after the Publisher has received payments from third parties.
5.3 For public performance income collected by a Performance Rights Organization (PRO), the Creator will receive the songwriter’s share directly. The Publisher is entitled to the full publisher’s share and 100% of all other exploitation revenues, except those specifically paid to the Creator by the PRO.
6. Termination
6.1 If the agreement is terminated, all prior contracts made by the Publisher remain valid until fulfilled.
6.2 The Creator may terminate this agreement by written notice at any time. The Publisher will finalize any outstanding matters promptly.
6.3 This agreement remains valid even if the Publisher’s legal form or representation changes.
7. General Terms
7.1 Any changes to this agreement must be made in writing and signed by both parties.
7.2 If any part of this agreement is found invalid, the rest remains in full effect.
7.3 Any dispute will be resolved through arbitration, with a panel of two lawyers and one judge.
Signed in two original copies, with each party retaining one.
Date: [Insert Date]
The Creator TMC Publishing