What is Smart Drive?
Smart Drive is Royaltyport’s intelligent document repository designed specifically for managing music industry contracts and agreements. Using advanced AI, Smart Drive automatically extracts key deal terms, tracks relationships, and helps you stay on top of important dates and obligations.
Key Features
AI-Powered Extraction
Automatically extract deal terms, dates, parties, royalty rates, and more from your contracts.
Custom Views
Create personalized views with custom columns and filters to organize your documents.
Document Relationships
Link related contracts like amendments, addendums, and side letters.
Timeline Management
Track expiring contracts and key dates with automated reminders.
Supported Document Types
Smart Drive supports a variety of document formats:| Format | Support Level |
|---|---|
| Full AI extraction | |
| DOCX | Full AI extraction |
| DOC | Full AI extraction |
| Images (PNG, JPG) | OCR + AI extraction |
| TXT | Basic extraction |
Contract Types
The AI is trained to recognize and extract information from common music industry contracts:- Recording Agreements - Artist and label recording deals
- Publishing Agreements - Writer and publisher deals
- Distribution Agreements - Distribution and licensing deals
- Management Agreements - Artist management contracts
- Producer Agreements - Producer and mixer deals
- Licensing Agreements - Sync and master licensing
- Work for Hire - Session musician and contractor agreements
Extracted Information
Smart Drive’s AI extracts comprehensive deal terms including:Parties & Entities
- Contracting parties and signatories
- Company names and registration details
- Contact information
Dates & Duration
- Execution date
- Term length and periods
- Renewal options
- Expiration dates
Financial Terms
- Advance amounts
- Royalty rates and calculations
- Payment schedules
- Accounting periods
Rights & Territory
- Territory grants
- Exclusive vs non-exclusive rights
- Rights granted and reserved
- Sub-licensing terms
Catalog Information
- Covered recordings and ISRCs
- Covered compositions and ISWCs
- Product commitment requirements
Splits & Ownership
- Ownership percentages
- Revenue splits
- Net receipts definitions
Navigation
Access Smart Drive through the sidebar:- Click Documents in the main navigation
- Select Drive to view all contracts
- Use the tabs to switch between views:
- Drive: All documents
- Relationships: Document connections
- Timeline: Date-based views
Getting Started
Upload Your Contracts
Start by uploading your existing contracts to Smart Drive.
Review AI Extractions
Review and verify the AI-extracted information for each contract.
Create Custom Views
Set up custom views to organize your contracts by type, entity, or status.
Link Related Documents
Connect related documents like amendments and addendums.
The AI extraction continuously improves based on your corrections and feedback. The more you use it, the more accurate it becomes.