Form of Artist Agreement by and between VNUE, Inc. and Artist dated January 9, 2020
EXHIBIT 10.12
[ ] 2020 TOUR – W – VNUE
TERM SHEET
WHAT
VNUE, Inc, will record and produce live recording for each of the tour dates on the [ ] Tour, and will offer limited edition products for sale on-site at the venue and worldwide via our websites, subject to the approval of the recording in all respects by [ ]. VNUE will provide all equipment and personnel to execute.
PRODUCT CONFIGURATION
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| · | Double CD sets via DiscLive, retail price $[ ] |
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| · | Download cards, retail price $[ ] |
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| · | Digital downloads via set.fm, retail price $[ ] |
ADDITIONAL SALES CHANNELS
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| · | Double CD set to be offered via [ ] as an “Add-on” at checkout. Retail price to customer, $[ ] – net to VNUE/[ ] @ $[ ]. |
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| · | Download Card via [ ] packages, net to VNUE/[ ] @ $[ ] |
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| · | All monies paid directly to VNUE, unless otherwise agreed. |
FINANCIAL CONSIDERATION
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| · | $[ ] K USD Advance to [ ] against [ ] % of Net Sales of all VNUE products, provided VNUE is included in initial and subsequent announcements and all reasonable marketing. |
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| O | [ ] % to [ ], Inc., and [ ] % to [ ] |
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| O | $[ ] K due no later than Jan 10th, 2020 |
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| O | $[ ] due no later than March 1st, 2020 |
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| · | “Net Sales” mean the aggregate sum of all actual, out-of-pocket third party expenses paid by VNUE as mutually pre-approved by the parties in connection with the VNUE Concert Masters, the Concert Albums and the exploitation of the same including without limitation: (a) all sums payable or costs incurred by VNUE with respect to the Concert venues; (b) the recording and production of the Concert Masters; (c) the Concert Albums, the artwork, and other materials including, but not limited to in-venue posters or handbill fliers); (d) all shipping and storage costs; (f) all credit card or mobile provider service fees; (g) all taxes; (h) all payments to music publishers, venues, and unions and/or union members; (i) all VNUE marketing, promotion, publicity and merchandising materials and expenses, including but not limited to online media, advertising materials, and in-venue materials; and (j) all transportation, accommodation and meal expenses for designated VNUE personnel assigned to the tour by VNUE. Accounting updates will be provided in writing by VNUE to [ ] every 30 days during the tour, and a final full accounting of each territory’s tour leg will be delivered within 15 business days of the final tour date of that leg. Accounting will be subject to audit by [ ]. [ ] may terminate this agreement for breach by VNUE of its obligations hereunder if such breach is not cured within (5) business days after written notice to VNUE. |
Understood and Agreed:
| VNUE, Inc. |
| Artist’s Rep (or Artist) |
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| By: | /s/ Zach Blair | By: | /s/ | ||
| Name: | Zach Bair | Name: | |||
| Title: | CEO | Title: | |||
| Date: | Jan 9th, 2020 |
| Date: |
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