Document background
The Master Recording License Agreement is a crucial document in the Philippine music industry that facilitates the commercial exploitation of recorded music. It is typically used when a rights holder (usually a record label or independent artist) wants to grant another party the right to use and distribute their master recordings. The agreement must comply with Philippine intellectual property laws, particularly the Intellectual Property Code and its amendments, while addressing modern digital distribution requirements. This document is essential for protecting both parties' interests, establishing clear financial terms, and ensuring proper quality control in the distribution and exploitation of recordings. It includes comprehensive provisions for territory rights, royalty calculations, delivery specifications, and various exploitation methods, making it suitable for both domestic Philippine market use and international distribution arrangements.
