Split sheets are an important part of protecting yourself from lawsuits. Picture this: You're in the studio, hanging out with friends and recording a song. Next thing you know, your bro comes up with an awesome addition to your song and gets on the track. You make it big and your bro is feeling kind of jealous and left out. He wants a piece of the cut. He sues you because you don't have a split sheet. You don't have it defined, who gets what percentage. So, you've lost a bunch of money on lawyer and court fees, you end up having to pay a split and lose a friend over it. Do you want that?
Save your friendships by having the cut defined up front. Always have a split sheet available. That's why I'm attaching one so you can go to my website and download it when you need it.
What is a split sheet?
It's a document that spells out who gets what percentage from sales and royalties of your song. You might have written the song 100% and recorded the song with someone. So, you would get a higher percentage as songwriter than your recording partner. You might have someone drop a line on a track but they would not get but a 2% cut, if any. You might have an agreement that the artist doesn't receive a cut but gets promotion out of it. That still needs to be defined on a split sheet as 0%.