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EXCLUSIVE LICENSE AGREEMENT

 

The following serves as a legally binding agreement between (Producer), a music producer (“Licensor”) and (Artist) (“Licensee”).  This contract is an exclusive license contract for Auctionhousebeats.com.  This license will be immediately valid when funds from the Licensee wallet are transferred to the Licensor wallet on auctionhousebeats.com.

 

WHEREAS, Licensor produces original instrumental sound recordings and wishes to license one master sound recording (the “Work”) to Licensee on the terms below.

 

  1. License. Licensee agrees to pay Licensor a one-time fee AND a royalty in the amount of [Insert Percentage] where as the Licensor in exchange for a worldwide, exclusive, perpetual license to record vocal synchronizations to the Work partly or in its entirety and substantially in its original form and to reproduce, manufacture, perform, broadcast, distribute and sell the resulting work. The license shall permit Licensee to enter into synchronization agreements and theatrical rights agreements without any further consent from Licensor.

  2. Delivery. Licensor will deliver the Work electronically upon purchase.  Licensor will provide the full Work in a zip file and will also provide stems for each element of the Work.

  3. Credit and Registration. 

    1. In all liner notes and metadata, Licensor shall be credited: “music by [Insert Producer Name]”

  4. Consequence of Breach. If Licensee fails to comply with any provision of this Agreement, Licensor may terminate the license with written notice to Licensee. Continued use of the Work after notice of termination shall be actionable as copyright infringement under the laws of the United States.

  5. Warranties.

    1. Licensor warrants the Work is the original work of [Producer legal name] and does not contain any unlicensed samples or material that infringes upon the intellectual property rights of any third party.

    2. Licensee warrants that he/she is at least 18 years of age and has legal capacity to enter in to this Agreement.

  6. Indemnification. Licensee agrees to indemnify and hold Licensor harmless against any suit, demand, settlement or judgment based upon Licensee’s contribution to the Work.

  7. Choice of Law. This Agreement shall be governed by the laws of the United States Government, or the Producer’s country of residence on date of purchase. 

It’s all here. This is the full agreement between the parties. By licensing the Work, Licensee agrees to the terms contained herein.

 

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