Importance of Songwriter Splitsheets + Free Splitsheet Template
Splitsheets are essential documents for any musicians and producers contributing to a body of work. They are agreements that outline the distribution of songwriting/composition credits and royalties among the people involved in writing and composing a song. Do not wait until your song has become a famous hit to talk with your songwriters and composers about splits and credits. Often times, money is the fine line where friendship ends.
In this article, we’ll explore why splitsheets are so important and how they can benefit everyone involved in the music-making process.
Protect your creative investment
A song is a valuable asset, and it’s important to make sure that everyone who contributed to its creation is properly credited and compensated. Splitsheets provide a clear and legally binding agreement between songwriters, producers, and other contributors, ensuring that everyone gets a fair share of the royalties generated by the song. This is particularly important in situations where multiple people are involved in writing a song, as it can be difficult to determine who contributed what without a splitsheet.
Avoid Disputes and Conflicts
Music is a collaborative art form, and disputes and conflicts can arise when multiple people are involved in the creation of a song. Without a splitsheet, it can be challenging to determine who owns what portion of a song, leading to disagreements and legal battles. Splitsheets help to avoid these disputes by providing a clear understanding of each person’s role in the creation of a song and their share of the royalties.
Maximize Your Royalties
Splitsheets also help to ensure that you receive the maximum amount of royalties possible. When you’re credited as a co-writer on a song, you are entitled to a share of the publishing royalties generated by that song. Without a splitsheet, it can be difficult to determine who is entitled to what share of the royalties, leading to missed payments and lower royalty revenues. Splitsheets help to ensure that everyone is properly credited and that you receive the full amount of royalties that you’re entitled to.
Ease of Administration
Finally, splitsheets make the administration of royalties much easier. When a song is registered with a performing rights organization (PRO), the splitsheet is used to determine how the royalties are distributed among the songwriters. This helps to streamline the process and ensures that everyone gets paid quickly and accurately.
In conclusion, splitsheets are an essential tool for musicians and producers. They provide a clear and legally binding agreement between all parties involved in the creation of a song, protect your creative investment, avoid disputes and conflicts, maximize your royalties, and make the administration of royalties easier. If you’re involved in the creation of music, it’s important to understand the importance of splitsheets and to use them whenever possible.
Writers Splitsheet - Free Template
Price: Free Download
Looking for a free way to clearly outline the distribution of songwriting credits and royalties among the members of your music project? Look no further! Our free songwriter splitsheet template is the solution you’ve been searching for. With this template, you can easily create a legally binding agreement that ensures everyone involved in the creation of your song is properly credited and compensated. Whether you’re a solo artist, part of a band, or a producer, this splitsheet template will provide a clear and straightforward way to track the contributions of each person involved and maximize your royalty revenues. Download your free songwriter splitsheet template today and take the first step towards protecting your creative investment and avoiding disputes and conflicts in your music-making process!