Document background
The Master Recording Ownership Agreement is essential for transactions involving the transfer of sound recording rights in the Philippines music industry. This document is typically used when a record label, production company, or individual producer wishes to sell or acquire complete ownership of master recordings. It ensures compliance with Philippine intellectual property laws, particularly the Intellectual Property Code (Republic Act No. 8293), while addressing crucial aspects such as rights transfer, payment terms, delivery specifications, and ongoing obligations. The agreement is structured to protect both parties' interests in the transfer of valuable intellectual property assets, incorporating provisions for both physical and digital exploitation rights, and addressing modern music industry requirements including streaming and digital distribution rights.
