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What Are Split Sheets?
Split sheets are written agreements that identify each contributor to a song and establishes ownership percentages between them. The agreed percentages determine how much each contributor will receive from the royalties generated by their music. Split sheets are necessary for every song you write with collaborators. They ensure everyone involved in the creative process is properly credited and paid for the work they contributed to a song.
Why Are Split Sheets Important?
One of the biggest mistakes Producers and Songwriters make is failing to complete a split sheet. If the song becomes successful, which is the intent of all collaborations, then there is a risk that one of the contributors, or more likely his or her publisher, will claim that he or she should own a larger percentage of the song than originally assumed. Also, under U.S. Copyright Law, if no agreement exists between the contributors, the default assumption is that all of the contributors jointly own an undivided equal share of a song. This division may be fair in situations where the creative work was equal among all of the contributors, but that is not always the case.
When Should I Talk About Split Sheets?
You shouldn’t be timid when it comes to protecting your interest in creative works. It’s best to decide on songwriter splits and get them in writing early in the creative process or as soon as you’ve finished a song. Negotiations may get messy the longer you wait. It’s also easier to negotiate a split sheet before the song starts generating royalties or significant opportunities arise. VeriSong provides a simple and inexpensive way to generate a split sheet that will list all of the collaborators and their respective contributions to a song.