Yes, of course, the proposed treaties are just examples, models that give you an idea of what you should include in your own treaties. An alternative to a traditional group agreement would be the creation of a limited liability company (LLC) and the development of a corporate contract that would almost resemble a group agreement, except that any member of the group would be a member. The advantage of this approach is that if the group enters into agreements with third parties, such as investors, the personal wealth of the group members would not be compromised. Both work under the umbrella organization PRS for Music and are collectible companies, which means they collect royalties for using your songs on your behalf and distribute them accordingly to you. Whether you are a songwriter yourself or working with other people`s songs, it is very important to know the rights associated with them. A group agreement is an agreement between members of a group that covers fundamental business issues. The most important issues are: a writer may belong to his own LLC or to a particular entity in his company to act as his own publisher and collect the publisher`s share. However, in order for a publishing house to collect its mechanical and performance costs, it must register worldwide with the companies concerned. This can be a long and laborious process, as each country or territory may have one or more collection companies. Each publisher claims a 100% percentage for each composition, in accordance with a splitsheet and/or a contractual agreement between songwriters and publishers. Thus, both collection companies and mechanical rights organizations determine the amount of royalties that will be allocated to each publisher or organization.
Typically, a publisher claims the same amount as the authors. In the example above (25/25/25/25 Split), your 25 percent share of the song is also reflected on the editor`s page. This means that you collect 25 percent of the editing share for performance fees and 25 percent of mechanical royalties for composition.