Description: This is an agreement between a publisher and a third party to share the royalties associated with a musical composition. The publisher agrees to pay the third party (the “Assignee”) fifty-percent (50%) of gross publishing receipts received after deducting the expenses actually incurred by the publisher. Gross publishing receipts are defined as the monies actually received by the publisher, after all expenses are accounted for. This agreement should be used by publishing companies that want to share the royalties of a musical composition with a third party.