Common use of Merchandising Clause in Contracts

Merchandising. The Artist hereby grants to The Record Company the exclusive right to represent The Artist during the term of this agreement in connection with all merchandising rights of any kind and nature, including but not limited to retail merchandising rights, mail order merchandising rights, endorsements, premiums and tour merchandising rights 13. As full consideration for the granting of such merchandising rights, The Record Company shall pay to The Artist ten percent (10%) of the net profits earned and actually received by The Record Company from the exercise of such rights, after the deduction of all expenses, of any nature, incurred by The Record Company during the exercise of such rights. Further, no net profits from merchandising activities shall be payable to The Artist until The Record Company has recouped all other expenses and advances incurred on behalf of The Artist pursuant to this agreement.

Merchandising. The Artist hereby grants to The Record Company the exclusive right to represent The Artist during the term of this agreement in connection with all merchandising rights of any kind and nature, including but not limited to retail merchandising rights, mail order merchandising rights, endorsements, premiums and tour merchandising rights 13. rights As full consideration for the granting of such merchandising rights, The Record Company shall pay to The Artist ten percent (10%) of the net profits earned and actually received by The Record Company from the exercise of such rights, after the deduction of all expenses, of any nature, incurred by The Record Company during the exercise of such rights. Further, no net profits from merchandising activities shall be payable to The Artist until The Record Company has recouped all other expenses and advances incurred on behalf of The Artist pursuant to this agreement.