WILLFUL WRECKORDS, LLC SAMPLER ALBUM TERMS AND CONDITIONS:
By submitting one or more Songs for inclusion on any of our sampler Albums You hereby grant Willful Wreckords, LLC its subsidiaries, partners, and affiliates the rights to manufacture, promote, market, and sell both physical and digital copies of each Song as part of Album, and all reasonable uses in execution thereof. Willful Wreckords, LLC also has the right to modify, edit, or enhance the recording of Song for the purpose of creating the final Album and the creation of associated promotional or related material.
EXCLUSIVITY:
This license is non-exclusive.
OWNERSHIP OF COPYRIGHT:
You attest that You, the Artist are the original composer(s) of the Song, that you own the rights to the recording of the Song, that no other parties have legitimate claim to Songs content or recordings, and that You have the right to license the non-exclusive use of Song to Willful Wreckords, LLC.
TERM:
The term of this contract is perpetual.
TERRITORY:
The territory covered by this contract is universal.
ROYALTIES AND PAYMENTS:
Willful Wreckords, LLC will pay You a sum equal to 20% of the Album’s Net Receipts (if any) divided by the total number of tracks on the Album, per track that You, the Artist has on the album. [As an example, for a 15 artist and 15 track compilation album retailing for $9.99 US on the Willful Wreckords Website, this works out to $9.99 / 15 x 0.20 = $0.1332 per artist per album sold.]
The current target Sale Price for Album is nominally set at $9.99 US for both physical and digital copies, but this is subject to changes and variations by dealer, territory and time of sale at the discretion of Willful Wreckords.
Royalties will be tracked and distributed through Affiliate / Vendor accounts on the Willful Wreckords, LLC website. You will be assigned an Affiliate / Vendor Account and will need to keep this account updated with correct contact information, as well as an official Vendor e-mail address that will be used for communication and payment transaction via Paypal. Your user account e-mail address will be used to initially populate the Vendor e-mail address and contact information, but this may be altered at a later date.
Royalty information will be updated and made available on a quarterly basis, and the associated accounting for sales and promotions shall be made available at that time. Royalties shall be dispersed upon request from the Artist via their online Affiliate account or through written communication. All royalties are payable in the quarterly period after payment is received by us in the United States and in the dollar equivalent at the rate of exchange at the time we receive payment. We agree to convert royalties from foreign countries into US dollars.
An Artists Designated Agent can be one of the Artist group members, or another individual or entity, and will be responsible for further distributing royalties received from Willful Wreckords, LLC to the other signatories of this contract and any other parties with legitimate claim to rights not mentioned herein.
PROMOTIONAL USE:
In connection with recordings and reproductions made pursuant to this contract, Willful Wreckords, LLC shall have the right to use and allow others to use the names, likenesses of Artist and biographical and publicity material concerning Artist for advertising purposes and for purposes of trade.
Notwithstanding the foregoing, Willful Wreckords, LLC shall have NO RIGHT to utilize Artists name, likeness, or any other material, or authorize such use in any manner that would constitute a direct or implied endorsement of any products or any kind or nature.
