Legal Contract: This agreement is made on [DATE] between Livewire Music Group LLC ("Company") and [ARTIST NAME] ("Artist").
1. Distribution: The Company agrees to set up distribution for the Artist's music on various digital platforms and streaming services.
2. Royalties: The Company agrees to reimburse the Artist 20% of all streaming royalties, sales, and sync licensing deals made in connection with the Artist's music.
3. Term: This agreement shall commence on the date of signing and continue for a period of 5 years, unless terminated earlier by mutual agreement.
4. Rights: The Artist grants the Company the non-exclusive right to distribute, promote, and license the Artist's music during the term of this agreement.
5. Reporting: The Company shall provide the Artist with regular statements detailing all income generated from the Artist's music, quarterly.
6. Payment: Payments to the Artist shall be made on a quarterly basis, within 30 days of the end of each quarter.
7. Termination: Either party may terminate this agreement with 365 days, written notice if the other party breaches any material term of this agreement.
8. Governing Law: This agreement shall be governed by and construed in accordance with the laws of [STATE/COUNTRY]. By signing below, both parties agree to the terms and conditions set forth in this agreement. Please type "I agree with contract in the field above"