Agreement in which copyright on certain recordings is assigned (by Artist to Label), but Artist is not engaged exclusively by Label as a recording and performing musician. Artist is therefore free to assign copyrights not covered in this agreement to other labels.
No Term (length of the agreement) is specified but the Label is required to release the songs assigned within a defined period. Failure to procure said release (or to keep the songs ‘released’ and generating income for a certain period) will entitle Artist to reversion of copyrights. Artists assert their moral rights in this agreement.
Flexible contract for a label looking to license particular recordings but do not wish to tie up an artist exclusively for a number of years or for a number of releases. It can be used as a trial agreement before moving on to an exclusive recording type of arrangement.