THIS LICENSE AGREEMENT is made between Licensee (hereinafter referred to as the "Licensee") also, if applicable, professionally known as Licensee, and Exquisite Beats("Songwriter"). (hereinafter referred to as the "Licensor"). Licensor warrants that it controls the mechanical rights in and to the copyrighted musical work ("Composition"). The Composition, including the music thereof, was composed by Exquisite Beats ("Songwriter") managed under the Licensor.
All licenses are non-refundable and non-transferable.
Master Use. The Licensor hereby grants to Licensee a non-exclusive license (this "License) to record vocal synchronization to the Composition partly or in its entirety and substantially in its original form ("Master Recording").
Mechanical Rights. The Licensor hereby grants to Licensee a non-exclusive license to use Master Recording in the reproduction, duplication, manufacture, and distribution of phonograph records, cassette tapes, compact disk, digital downloads, other miscellaneous audio and digital recordings, and any lifts and versions thereof (collectively, the "Recordings", and individually, a "Recordings") worldwide for up to the pressing or selling a total of One Thousand (1000) copies of such Recordings or any combination of such Recordings, condition upon the payment to the Licensor a sum in the receipt of which is confirmed.
Additional licensee shall be permitted to distribute Unlimited free internet downloads or streams for non-profit and non-commercial use. This license allows up to One Hundred Thousand (100000) monetized audio streams to sites like (Spotify, RDIO, Rhapsody), but not eligible for monetization on YouTube.
Performance Rights. The Licensor here by grants to Licensee a non-exclusive license to use the Master Recording in Unlimited non-profit performances, shows, or concerts. Licensee may receive compensation from performances with this license.
Synchronization Rights. The Licensor hereby grants limited synchronization rights for Five(5) music video streamed online (Youtube, Vimeo, etc..) for up to 100000 non-monetizedvideo streams on all total sites.
A separate synchronization license will need to be purchased for distribution of video to Television, Film or Video game.
Broadcast Rights. The Licensor hereby grants to Licensee broadcasting rights up to 1 Radio Stations.
Credit. Licensee shall acknowledge the original authorship of the Composition appropriately and reasonably in all media and performance formats under the name "Exquisite Beats" in writing where possible and vocally otherwise.
Indemnification. Accordingly, Licensee agrees to indemnify and hold Licensor harmless from and against any and all claims, losses, damages, costs, expenses, including, without limitation, reasonable attorney's fees, arising of or resulting from a claimed breach of any of Licensee's representations, warranties or agreements hereunder.
Audio Samples. 3rd party sample clearance is the responsibility of the licensee.
Miscellaneous. This license is non-transferable and is limited to the Composition specified above, constitutes the entire agreement between the Licensor and the Licensee relating to the Composition, and shall be binding upon both the Licensor and the Licensee and their respective successors, assigns, and legal representatives.
Term. Executed by the Licensor and the Licensee, to be effective as for all purposes as of the Effective Date and shall terminate exactly ten (10) years from this date.
- Licensee, owns 50% of the writers’ share.
- Exquisite Beats, owns 50% of the writers’ share.