Preview Contract
This Exclusive license agreement is made on 09/10/2024 ("Effective Date") by and between John Doe (hereinafter referred to as the "Licensee") and Alex Fraser (Smoothbeatsonly) (hereinafter referred to as the "Licensor"). Licensor warrants that it controls the mechanical rights in and to the copyrighted musical work entitled The Track Title (Contract Preview Only) ("Composition") as of and prior to the date first written above. The Composition, including the music thereof, was composed by Alex Fraser (Smoothbeatsonly) ("Songwriter") managed under the Licensor.
All licenses are non-refundable and non-transferable.
Master Use
The Licensor hereby grants to Licensee an 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 an exclusive license to use the 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 "Recording") worldwide for unlimited copies of such Recordings or any combination of such Recordings, condition upon the payment to the Licensor a sum of 149.95 USD ($149.95), receipt of which is confirmed. Additionally, Licensee shall be permitted to distribute unlimited internet downloads for non-profit and non-commercial use.
Performance Rights
The Licensor hereby grants to Licensee an exclusive license to use the Master Recording in unlimited for-profit performances, shows, or concerts.
Broadcast Rights
The Licensor hereby grants to Licensee an exclusive license to broadcast or air the Master Recording in unlimited amounts of radio stations.
Credit
Licensee shall acknowledge the original authorship of the Composition appropriately and reasonably in all media and performance formats under the name "Alex Fraser (Smoothbeatsonly)" in writing where possible and vocally otherwise.
Synchronization
Licensee may exploit and monetize from Licensee's unique derived work(s) of composition for use on TV, Film, Video game or other synchronous projects. Licensee may represent other publishing owners of the original composition for exploitation and have full authority of granting non-exclusive license for synchronization use as long as credit and publishing information is provided to such agency.
The Licensor hereby grants synchronization rights for UNLIMITED (UNLIMITED) music videos streamed online (Youtube, Vimeo, etc..) for up to UNLIMITED monetized video streams on all total sites.
Consideration
In consideration for the rights granted under this agreement, Licensee shall pay to licensor the sum of 149.95 USD ($149.95) and other good and valuable consideration, payable to "Alex Fraser (Smoothbeatsonly)", receipt of which is hereby acknowledged. If the Licensee fails to account to the Licensor, timely complete the payments provided for hereunder, or perform its other obligations hereunder, including having insufficient bank balance, the licensor shall have the right to terminate License upon written notice to the Licensee. Such termination shall render the recording, manufacture and/or distribution of Recordings for which monies have not been paid subject to and actionable infringements under applicable law, including, without limitation, the United States Copyright Act, as amended.
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.
Governing Law
This License is governed by and shall be construed under the law of United Kingdom, without regard to the conflicts of laws principles thereof.
Publishing Rights
- John Doe, owns 50% of publishing rights.
- Alex Fraser, owns 50% of publishing rights
