Memorandum of Understanding (MoU) Between MAJ Medias and Studio
This Memorandum of Understanding (MoU) is entered into as of Today by and between MAJ Medias, an ISO 9001-2015 Certified premier music distribution platform (hereinafter referred to as "MAJ Medias"), and studio (as mentioned in the form below)
located at the address mentioned in the form below.
(hereinafter referred to as "Studio").
1. Objective:
The purpose of this MoU is to establish a collaborative partnership under the Studio Alliance Program, where the Studio benefits from exclusive incentives while assisting artists in releasing music through MAJ Medias.
2. Scope of Partnership:
2.1 MAJ Medias Responsibilities:
· Generate a unique coupon code for the Studio for artist registrations.
· Provide instant earnings of ₹1000 for every successful registration using the Studio’s coupon code.
· Ensure artists referred by the Studio receive a ₹500 discount on their membership.
· Share 10% lifetime royalties from songs released by referred artists.
· Promote eligible studios in digital newspaper articles if 3 or more referred artists are featured in the Indie Charts.
· Deliver marketing support materials for artist onboarding.
2.2 Studio Responsibilities:
· Promote MAJ Medias’ services to artists recording at the Studio.
· Use the provided coupon code for artist referrals.
· Submit accurate and timely onboarding documents as required.
· Maintain transparency in communications with referred artists.
3. Onboarding Process:
3.1 The Studio must submit the following documents:
· Business Registration Certificate (if applicable)
· Aadhaar Card (Individual)
· PAN Card (Individual or Business)
· Completed Studio Alliance Program Registration Form
3.2 Once the documents are submitted and verified, MAJ Medias will:
· Issue a unique coupon code for the Studio.
· Provide detailed guidelines on using the coupon code for artist referrals.
· Set up the Studio’s royalty account for tracking earnings.
4. Terms and Conditions:
4.1 Validity:
· This MoU will remain valid indefinitely from the date of signing,
4.2 Financial Terms:
· The Studio will receive ₹1000 per successful artist signup.
· 10% royalties will be disbursed to the Studio as per MAJ Medias’ payment schedule.
4.3 Coupon Code Usage:
· The coupon code is exclusive to the Studio and non-transferable.
· The Studio must ensure the code is used only for genuine referrals.
4.4 Termination:
· Either party may terminate this MoU with 30 days' written notice.
· In case of a breach of terms by the Studio, MAJ Medias reserves the right to terminate the partnership immediately.
5. Confidentiality:
Both parties agree to maintain the confidentiality of shared information and not disclose it to third parties without prior consent.
6. Dispute Resolution:
Any disputes arising under this MoU will be resolved amicably through negotiation.
7. Miscellaneous:
7.1 Amendments:
· Any amendments to this MoU must be made in writing and signed by both parties.
7.2 Entire Agreement:
· This MoU constitutes the entire understanding between the parties.​
Studio Details
Bank Details for Earnings Transfer
Other Details
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