Last Modified: August 6, 2021
View our previous Terms for Including Contributions for Monetized Productions (posted: June 7, 2018, January 13, 2016 and February 28, 2017)
All capitalized terms used but not otherwise defined in these Terms for Including Contributions for Monetized Final Products (“Monetized Final Product Terms”) have the meanings ascribed to them in the HitRecord.org , Inc. (“Company”) End User License Agreement and Terms of Service (“Terms”).
- Notice of Selecting a Final Product and Grant in Contributing Artist’s Compensation Pool.
- Process
- Contributing Artists Defined. If you have Posted or made a Contribution to HitRecord and the Operating Committee (defined below) selects it to be included in a Final Product to be commercialized in accordance with the rights granted in the Terms, then you will be deemed a “Contributing Artist” for that Final Product. The Company will notify you of its selection via electronic mail to the address associated with your account. For avoidance of doubt, (1) the Company will have the right to modify and edit any Contribution, and it is only the final version of a Contribution that the Company designates and distributes as a “Final Product” that will be commercialized; and (2) only Contributing Artists whose Contributions are part of a Final Product will be eligible, pursuant to these Monetized Final Product Terms, for compensation resulting from the commercial exploitation of that Final Product.
- Contributing Artist Shares. If any Contribution you have Posted or provided to HitRecord is part of a Final Product that has been distributed, commercialized, and generated Compensation (or, in the Operating Committee’s determination, other tangible benefits) for a Contributing Artists’ Compensation Pool (defined below), then the Company will notify you via electronic mail to the address associated with your account of the Contributing Artist’s Share (defined below) that has been conditionally granted to you following monetization. We say conditionally because you are not entitled to any allocation of a Contributing Artists’ Compensation Pool unless you meet the requirements for a Participating Contributing Artist, as defined in Section 2.a.i below. As set forth in the Terms, you are welcome to comment on the Contributing Artist’s Share that you and others have been conditionally allocated within the Contributing Artists’ Compensation Pool (e.g., make a case for a different percentage, notify the Operating Committee of any omissions in attributions to your Contributions, etc.) for a Final Product, provided that the Company may accept or reject any different allocations suggested in any comments and change the allocation of the Contributing Artists’ Compensation Pool among all Contributing Artists for a Final Product in its sole discretion and at any time during the period in which the Company specifies for the determination of the Contributing Artists’ Compensation Pool, which in no case will be less than two (2) weeks from the date that the Company first notifies the Contributing Artists for a Final Product of their respective Contributing Artist Shares. The date on which the Operating Committee finalizes the Contributing Artists’ Compensation Pool is the “Allocation Date.”