| There are also some joint venture agreements that provide that the music publisher and songwriter share in a number of sources of income (such as touring, merchandising, and recording artist-related income) that are traditionally not part of the publishing deal.
These types of arrangements are sometimes entered into when the music publisher has been the party who has secured the recording artist agreement for the songwriter/performer (sometimes having financed all or most of the initial album released by the record company).
These partnership agreements many times guarantee the songwriter certain monies during the term of the deal (either as non-recoupable payments or advances against monies that may become due) in addition to providing that certain things will occur during the active term of the venture (for example, that three albums will be recorded and released within six years of the signing of the agreement).
There are also provisions that detail how the net profits will be shared by the writer and the music publisher (for example, 50/50, 75/25), how decisions of the venture are made, who manages the assets once the term has ended, and whether one of the parties has the right to buy the other party's interests once the deal is over or if someone receives an offer from a third party to buy their respective share.
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