FOR ALL COLLABORATORs

[bknot1]

Dont know if I posted this one on here before...edit to your needs

COLLABORATOR SONGWRITING AGREEMENT

Between:
Party #1: _________________________
Party #2: _________________________
For the purpose of collaborating on a song titled: __________________________
With lyrics written by: ____________________________
And music written by: ____________________________
Royalties will be split according to the following percentages: ___50_ % to Party #1 and _50__ % to Party #2
Any expenses incurred will be at the expense of the party deciding to undertake promotion of this work on a case-by-case basis. Expenses cannot be billed to the other party nor may they be retroactively deducted from future royalties or income in regards to splitting of royalties between the parties in this agreement. Neither party may interfere with the advancement of this work. Either party may grant the right of first release by an artist but must notify the other party that the release was granted. The other party should notify either party of any significant events relating to the advancement of this song material.
Should another collaborator be required at a future date for the purpose of writing a new arrangement, foreign language lyric or modification for use in advertising, commercial or any other reason, the percentage of royalties for the original collaborators will not be reduced to less than 1/3 without a written notification and agreement.
All income derived from this song should be split according to the percentages noted above, including, but not limited to, income from publisher advances; sales of recordings and mp3 files on the Internet; sales derived from mechanical licenses to individual independent artists, and all sales and airplay income from independent and major label record companies.
If either party is dissatisfied with the work produced under this agreement, they may not withdraw their contribution from this work; however, they may re-use their portion of this work or any part of it, in collaboration with a third party to create a new song. Should this occur, the new song will have no legal connection to the song discussed in this agreement.
A mutually agreeable neutral third party will settle any disputes regarding this song and/or collaborators agreement. In lieu of a mutually acceptable third party, an entertainment lawyer w/ the party pursuing the dispute responsible for all legal fees incurred will mediate disputes.
I have read and understand the terms of this agreement:
Party #1 sign ______________________ Party #2 sign________________________
Date: ________________ Date: __________________