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For a songwriter or publisher to get paid by a PRO, they must sign an agreement that allows the PRO to license their musical works (or musical work share) and collect and distribute that share of musical work performance royalties.
You, or the artist you collaborate with, must then negotiate a percentage of the royalties that the song will have generated. In most cases, and depending on your contract, this figure can vary quite a lot. This percentage can increase if the guest artist, or you, make a larger contribution to the song.
A Collaboration Agreement is a contract between artists who work together on a project. Lennon and McCartney, The Marx Brothers, Andre 3000 and Big Boi, many art forms, including writing, music, theatre, and filmmaking, often involve the collaboration between two or more people.
Artists who remain musicians earn money from advances, merchandise, royalties, licensing fees and playing live music. Unless the artist remains independent, they pay a share of their money to others involved, such as managers, agents, promoters, PR teams and sound engineers.
In order to avoid disputes later, a band needs a band agreement which states how the band will divide their profits and which provides how decisions shall be made, how departing band members will be paid and the rights to use the band name after a break up or a band member departs.

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Under the individual song agreement, a writer transfers the copyright to one composition or a selected number of identified compositions to a publisher and, in return, receives a portion of the income earned from uses of that composition or compositions.
An artist licensing agreement allows an artist while retaining full copyright ownership of their work, to grant permission to another party to use their art.
What is a Musician Contract? Typically, Musician Contracts are drafted to describe the terms and payment details for representation that will be provided to a musician or band by a music agent or agency. As a result of forming this agreement with each other, all signers will know what to expect.
Under copyright law, anyone who makes a material creative contribution to a recording is a co-author and co-owner of the resulting sound recording copyright. Your band owns the sound recording copyright unless you have transferred or assigned the rights, for example, to a record company.
A collaboration agreement is a legally binding agreement between two or more parties that outlines how they will work together on a commercial project, the roles and responsibilities each during the project, and how each will benefit from the collaboration.

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