Common use of Budgetary Requirements Clause in Contracts

Budgetary Requirements. Composer acknowledges that the amounts payable as specified in this paragraph 3 include all amounts necessary to create and deliver the Music and Delivery Materials including, without limitation, any and all compensation and fees payable to musicians, arrangers, and vocalists and the preparation, rehearsal, performance, recording, mixing and synchronization thereof; the cost of studio rental, recording engineers and crew; any payments which are required to be made pursuant to any applicable law or regulation or the provisions of any collective bargaining agreement; and equipment and instrument rental and cartage and all amounts due to Composer to compensate for his/her services rendered and rights granted hereunder. Composer shall be solely responsible for all costs in excess of the amounts payable as specified herein. a. Subject to Composer performing all obligations hereunder, and in full consideration for any and all services rendered by Composer and all rights granted hereunder, Composer shall be entitled to receive the following with respect to the Program and rights hereunder: Dollars ($ ), payable to Composer in the following manner: (i) Dollars ($ ) upon the commencement of services hereunder or signature of this Agreement, whichever occurs later. (ii) Dollars ($ ) upon completion of all services hereunder with respect to the Program and the timely delivery to and acceptance by Producer of the Music and the Delivery Materials.

Budgetary Requirements. Composer acknowledges that the amounts payable as specified in this paragraph 3 include all amounts necessary to create and deliver the Music and Delivery Materials including, without limitation, any and all compensation and fees payable to musicians, arrangers, and vocalists and the preparation, rehearsal, performance, recording, mixing and synchronization thereof; the cost of studio rental, recording engineers and crew; any payments which are required to be made pursuant to any applicable law or regulation or the provisions of any collective bargaining agreement; and equipment and instrument rental and cartage and all amounts due to Composer to compensate for his/his/ her services rendered and rights granted hereunder. Composer shall be solely responsible for all costs in excess of the amounts payable as specified herein. a. Subject to Composer performing all obligations hereunder, and in full consideration for any and all services rendered by Composer and all rights granted hereunder, Composer shall be entitled to receive the following with respect to the Program and rights hereunder: Dollars ($ ), payable to Composer in the following manner: (i) Dollars ($ ) upon the commencement of services hereunder or signature of this Agreement, whichever occurs later. (ii) Dollars ($ ) upon completion of all services hereunder with respect to the Program and the timely delivery to and acceptance by Producer of the Music and the Delivery Materials.

Budgetary Requirements. Composer acknowledges that the amounts payable as specified in this paragraph 3 include all amounts necessary to create and deliver the Music and Delivery Materials including, without limitation, any and all compensation and fees payable to musicians, arrangers, and vocalists and the preparation, rehearsal, performance, recording, mixing and synchronization thereof; the cost of studio rental, recording engineers and crew; any payments which are required to be made pursuant to any applicable law or regulation or the provisions of any collective bargaining agreement; and equipment and instrument rental and cartage and all amounts due to Composer to compensate for his/her services rendered and rights granted hereunder. Composer shall be solely responsible for all costs in excess of the amounts payable as specified herein. a. Subject to Composer performing all obligations hereunder, and in full consideration for any and all services rendered by Composer and all rights granted hereunder, Composer shall be entitled to receive the following with respect to the Program and rights hereunder: _______________Dollars ($ ), payable to Composer in the following manner: (i) ______________Dollars ($ ) upon the commencement of services hereunder or signature of this Agreement, whichever occurs later. (ii) ______________Dollars ($ ) upon completion of all services hereunder with respect to the Program and the timely delivery to and acceptance by Producer Filmmaker of the Music and the Delivery Materials.