Legal Environment of Bu ess Standards oms1t8-6 demonstrate an understanding of contractual relationships, [BMA-LE8-3 Explain and ilustrate through simulation te process by which a legal dispute ls resolved for business and personal issue yeframe: 4-30 minute class periods Music Mogul Record Company Start — up Project ‘This project requires students to create a new record company that must go out and sign a band to a LEGAL, BINDING and MUTUALLY BENEFICIAL contract. . Students can work with ONE other partner or by themselves. You will be required to use Microsoft Office software products to create a company identity including a logo, letterhead and a personal business card (nothing can be copied and pasted). A sample copy of the contract must be completely typed out using Microsoft Word. Students must also create 2 PowerPoint presentation that “sells” their record company and contract offer to the band. PowerPoint presentations will be a minimum of 12 slides. The contracts must cover all the required elements that would make it a legally binding (6 elements). Pictures, video, and sounds/music will help enhance the readability and creativeness of the project, however, these items must be used appropriately and the sources of these images must be documented. All sources used must be documented using MLA style. A minimum of 3 sources must be used to gather information. Photos and other images must be documented, but do not count toward required sources. Once finished, these projects will be printed and turned into the box. The presentations will be presented to the class. They will be graded using the attached rubric, Students should use this rubric as a guideline for completing the project and self-evaluation, See the following outline for content requirements.vi. va. The partes involved Record Compony & Artist 1. Band members listed individually 2 Signature Line included Lenath of aereement A. Time and number of recordings {lookup atheros’ elbums and ther spread) Production A. Company wil produce what forthe artist? (Be specifiel(should minimally Include tour, cloum, studio and appearances) Contribution by the artist A. Talents—wrting and musica tolents required (be specfelook up other ‘artists and how many songs per album they write or take part in) 8. Cooperation with company (based on your production, what would they need to cooperate with) Costs ‘A. Who pays for what expenses? (be specific as to what expenses, de not use “all” or “everything, be specific within each cose]{once again, based on what you “produce” for them, what willbe taken care of for them) 8, Howare expenses recovered? (ifartst spends their own maney on covered costs, how do they get it reimbursed) Astistic Control A. Who decides what goes on the recording (D9 not say either side has 100% 50y 50 on what goes on the aloum) 1B Titles (Same as above) C._Non-lsclosure of company/contract —artst cooperation Completion and Release‘A. When will the recording and singles need to be completed ~ create a toble (of deadlines for each single and album 8. When willie singles ond albums be released tothe public (should be ‘after completion date, but how fong) Vill Assignment of rights ‘A. Yourcomponiesrghts to songs, recordings and tits {find ovt who usally owns rights to songs/recordings/tities and why) DK. Lcenses for use of artist name & image A. How the company will use it to promote and distribute the artist in social media, news, entertainment, etc. What ifsomeone else wants to use their name/ttes/ete X. Royalties A. How will the profits be spit between the compony ond the aris ~ create ‘table for this section 8. How will the profits be spit between band members if necessary) ~ create a table for this also ML. Dispute resolution A. Mediation — discuss the mediation process 8. Arbitration discuss arbltation process © Artist power to purchase rights ~ be specifi as to how much rights wi be purchased for ‘The following web resources are recommended: wwwnw.nolo.com \ Disclaimer: These are recommended websites to find examples of contracts. However, these are NOT to be used as a copy/paste or re-type source. Download and look at