Royalty Sharing Agreement for Musical Composition by Megadox

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									                     ROYALTY SHARING AGREEMENT
THIS AGREEMENT made effective as of the _____ day of ______________, _______.

BETWEEN:

                              [NAME OF PUBLISHER]
                                 (the “Publisher”)

                                       - and -

                               [NAME OF ASSIGNEE]
                                  (the “Assignee”)

WHEREAS each of the parties is the holder of certain rights with respect to the musical
composition now entitled “[insert name of composition]” (the “Composition”), written by
[insert name of author, whether assignee or otherwise].

THIS AGREEMENT WITNESSES that in consideration of the mutual covenants and
agreements contained in this Agreement and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by the parties, the parties
hereby agree as follows:

1.    Publisher shall deduct from gross publishing receipts (being monies actually
      received by Publisher), the following expenses to the extent that such expenses
      were actually paid or incurred by Publisher: songwriter’s royalties and advances,
      registration fees, demonstration tapes, lead sheets, arrangements and all other
      miscellaneous fees and expenses incurred in connection with the Composition.
      Publisher shall pay to Assignee fifty percent (50%) of the net publishing receipts
      (gross receipts less the above deductions).

2.    Extraordinary expenses, such as advertising, publicity and promotional
      expenses, shall not be incurred by either party without the written approval of
      the other party. Any party incurring such expenses without such written
      approval shall be solely responsible for the 
								
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