Non-Exclusive Rights / Lease
This license agreement, this day, between the seller (hereinafter referred to as the “Licensor” a.k.a “Nim-Tree Audio Studio”) and the buyer (hereinafter referred to as the “Licensee” and / or “Client”). Licensor warrants that it is the Author/Songwriter and can produce the original material in which the Sound Recording/BEAT was made. Hereinafter the seller shall be referred to as “the Production Company” and / or the “Company” and / or “Us”.
1.1 The term will commence on the date of purchase hereof and will continue, unless extended with a written notice.
1.2 Leasing rights allow you to use the beat for ONE commercial recording or broadcast.
1.3 This recording can then be distributed at your price for up to 3,000 copies.
1.4 Selling more than 3,000 copies means you must acquire a new lease or exclusive rights.
1.5 You may also use the beat for non-profit promotional use or demos.
1.6 In the event that someone buys exclusive rights to the beat you have leased; your rights shall stand and the beat is still yours to use
1.7 You may also acquire a new leasing rights if you sell more than 3,000 copies since your contract stops all exclusive sales.
1.8 Licensor will receive a sound recording royalty of 25% from the sale of records, downloads, or plays. Licensor will also receive a 50% sound performances royalty.
1.9 Licensee must give full credit to Nim-Tree Audio Studio verbally or in writing on all commercial recordings.
1.10 Upon purchasing leasing rights, the licensor still owns the beat(s) and the seller is able to resell the beat(s) to any other party until exclusive rights have been purchased.
1.11 Licensee have permission to use the song for nonprofit purpose.
2.1 This agreement cannot be terminated by the client at any time, unless the client is signed to a record label and the label want to make changes to this agreement. The desire to terminate the agreement must be presented to us in writing.
2.2 There will be a one-time fee of $500 for any termination request.
2.3 This agreement contains the entire understanding of the parties. No change of this agreement will be binding unless it is made by an instrument duly executed by us. No change of the agreement will be binding on you unless it is made by an instrument signed and / or under your understanding.
2.4 This agreement will be governed and construed pursuant to the laws of the State of Florida and any dispute or controversies arising hereunder shall be subject to the jurisdiction of Orange County Court House.
2.5 All notices hereunder shall be in writing and shall be given by email. The address of the business can be requested should the client decided to send a certify mail or personal delivery. 2.6 You may not assign this agreement or any of your right hereunder to anyone.
2.7 This agreement is effective when beat is paid for.
2.8 You have read and fully understand this agreement. You have either consulted with an attorney regarding any questions you may have or have voluntarily elected not to do so.