indotune

1. Royalty Calculation

Royalties are calculated based on the net revenue received by Indotune from Digital Service Providers (DSPs) for the exploitation of your Content, less any applicable taxes, fees, and deductions. The specific royalty rates may vary depending on the DSP, the territory, the type of usage (e.g., streaming, download), and any agreements we have in place with those DSPs.

• Streaming Royalties: These are typically calculated based on a pro-rata share of the DSP's net revenue, determined by the number of streams your Content generates relative to the total number of streams on that DSP within a specific period. The per-stream rate varies significantly between DSPs and is subject to change by the DSPs.
• Download Royalties: These are usually calculated as a percentage of the net sales price received by the DSP for each download of your Content.
• Other Usage: Royalties for other uses of your Content (e.g., synchronization licenses secured by Indotune) will be determined on a case-by-case basis and as outlined in separate agreements, if applicable.

We will provide you with reports detailing the usage and earnings of your Content as made available to us by the DSPs. Please note that there may be delays in reporting from the DSPs.

2. Payment Threshold and Payout Schedule

Payments will be processed once your accrued earnings reach a minimum threshold of [Specify Minimum Payment Threshold in INR]. If your earnings in a given payment period do not meet this threshold, the balance will be carried over to the next payment period until the threshold is met.

Our standard payout schedule is [Specify Payout Frequency, e.g., quarterly, monthly] in [Specify Month(s) of Payout, e.g., January, April, July, October for quarterly]. Payments will typically be processed within [Specify Number] business days after the end of the reporting period, subject to receipt and processing of reports from the DSPs.

We reserve the right to withhold payments if we suspect fraudulent activity, a breach of our Terms & Conditions, or if legally required to do so.

3. Payment Methods

Payments will be made to you via the payment method you select in your Indotune account settings. Available payment methods may include [List Available Payment Methods, e.g., direct bank transfer, PayPal, other online payment gateways]. You are responsible for ensuring that your payment information is accurate and up-to-date. We are not responsible for any delays or errors in payment due to incorrect payment information provided by you.

You are responsible for any fees or charges associated with your chosen payment method, including but not limited to transaction fees or currency conversion fees.

4. Taxes

You are solely responsible for the payment of all applicable taxes on any income you receive through our Services. Indotune may be required by law to withhold certain taxes from your payments. In such cases, we will comply with applicable tax regulations and provide you with the necessary documentation.

If you are located in India, you are responsible for providing your valid GST (Goods and Services Tax) information if applicable. Failure to provide accurate tax information may result in withholding as required by Indian tax laws.

For users outside of India, you may be subject to withholding taxes based on international tax treaties and local regulations. You are responsible for understanding and complying with your local tax obligations.

5. Currency and Exchange Rates

Earnings are typically reported to us by DSPs in various currencies. Indotune will convert these earnings to [Specify Base Currency, e.g., INR] for payout purposes. The exchange rates used will be based on commercially reasonable rates available at the time of conversion. These rates may fluctuate.

6. Audits and Disputes

You have the right to request a review of your royalty statements if you have a good faith belief that there is a material discrepancy. Any such request must be submitted in writing to us within [Specify Timeframe, e.g., 90 days] of the date the royalty statement was made available to you, along with specific details of the discrepancy. We will review your request and provide a response within a reasonable timeframe. Our accounting records shall be considered final and binding after the [Specify Timeframe, e.g., 12-month] period following the date the royalty statement was made available.

Any disputes regarding royalty payments will be resolved in accordance with the dispute resolution provisions outlined in our Terms & Conditions.

7. Changes to this Agreement

We may update this Payment Terms & Royalty Agreement from time to time. We will notify you of any material changes by posting the new Agreement on our Platform and updating the "Effective Date" at the top of this Agreement. Your continued use of our Services after any such changes constitutes your acceptance of the revised Agreement. It is your responsibility to review this Agreement periodically for any updates.