Lease Agreement
Lease terms
This License agreement is made on "Order date" (“Effective Date”) by and between "You" (“Licensee”) and "STLNDRMS" (“Licensor”). Licensor warrants that it controls the mechanical rights in and to the musical work named "Beat name" (“Composition”) being sold to Licensee as of and prior to the Effective Date.
The Licensee and Licensor have agreed to the following terms:
Master Use
The Licensor hereby grants to Licensee a non-exclusive License to record vocal synchronization to the Composition partly or in its entirety and substantially in its original form (“Master Recording”).
Ownership
The Licensor maintains 100% full rights (copyright, publishing and ownership) of the Composition, and can continue to sell it non-exclusively and/or exclusively. The Licensee has neither the right nor authority to sell or license the rights to the Composition whether in whole or part to any other party. In the event another party purchases exclusive rights to the Composition from the Licensor, the Licensee will retain non-exclusive rights under the limitations listed in this agreement and until these terms have been fulfilled.
Mechanical Rights
The Licensor hereby grants to Licensee a non-exclusive License to use the Master Recording in the reproduction, duplication, manufacture, and distribution of phonograph records, cassette tapes, compact disks, internet downloads, other and miscellaneous audio and digital recordings, and any lifts and versions thereof (collectively ,”Recordings”) worldwide for up to the pressing or selling a total of 5000 copies of such Recordings or any combination of such Recordings.
Additionally, Licensor shall be permitted to distribute unlimited internet downloads for non-profit and non-commercial use.
Reproduction, duplication, manufacture, and distribution of phonograph records, cassette tapes, compact disks, internet downloads, other and miscellaneous audio and digital recordings, and any lifts and versions thereof (collectively ,”Recordings”) worldwide for up to the pressing or selling a total of anything more than 5000 copies of such Recordings or any combination of such Recordings will be renegotiated before hand or will default to a 60% / 40% gross profit split between the Licensee and Licensor
Publishing and Royalties
Licensee is entitled to keep 60% of all royalties and publishing that is generated from sales and synchronization licenses (works that are placed on television shows, film, advertisements, video games, music videos, video streams, movie trailers, etc) of the Master Recording on digital retailers (such as iTunes), through physical sales (such as Compact Disks) and on online streaming services (such as Spotify). 40% of all royalties and publishing that is generated from sales and synchronization licenses (works that are placed on television shows, film, advertisements, video games, music videos, video streams, movie trailers, etc.) of the Master Recording on digital retailers (such as iTunes), through physical sales (such as Compact Disks) and on online streaming services (such as Spotify) belong to the Licensor
Performance Rights
The Licensor hereby grants to Licensee a non-exclusive License to use the Master Recording in unlimited non-profit performances, shows, or concerts.
The Licensee is also permitted to use the Master Recording in for-profit performances. In cases where the Licensee will earn more than one thousand ($1,000) US Dollars in compensation or ticket sales using the Master Recording in said performances the Licensee will present the Licensor to the talent buyer or event coordinator as an additional act.
Music Videos
The Licensor hereby grants to Licensee a non-exclusive License to use the Master Recording in unlimited music videos.
Synchronization Rights
The Licensor hereby grants to Licensee a non-exclusive License to copy, perform, edit and/or loop portions of, record on film, video, digital animations, and video games (collectively, “Projects”) and use the Master Recording in synchronization or timed relation with the productions in one unlimited Projects.
Broadcast Rights
The Licensor hereby grants to Licensee a non-exclusive license to broadcast or air the Master Recording on unlimited radio stations or station channels, respectively.
Credit
Licensee shall acknowledge the original authorship of the Composition appropriately and reasonably in all media and performance formats by acknowledging the relevant author in writing where possible and vocally otherwise. Where a project is commercially released and registered with a performance rights organization, Licensor shall be acknowledged as a Writer with a 60/40 royalty split .
Sampling
The Licensee agrees that the clearing of any sampled materials is the responsibility of Licensee.
Compensation
Payment for this License is non-refundable. If the Licensee fails to account to the Licensor, timely and complete the payments provided for hereunder, the Licensor shall have the right to terminate this 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 as infringements under applicable law.
Term
Executed by the Licensor and the Licensee, this License agreement is to be effective as for all purposes as of the Effective Date. In the event that an exclusive license is sold by Licensor to the Composition, the terms of this agreement shall be upheld.
Indemnification
Licensee agrees to indemnify and hold Licensor harmless from and against any and all claims, losses, damages, costs, and expenses, including, without limitation, reasonable attorneys’ fees, arising out of or resulting from a claimed breach of any of Licensee’s representations, warranties or agreements hereunder.
Miscellaneous
This License is non-transferable and is limited to the Composition specified, constitutes the entire agreement between the Licensor and the Licensee relating to the Composition, and shall be binding upon both Licensor and Licensee and their respective successors, assigns, and legal representatives.
Governing Law
This License is governed by and shall be construed under the laws of United States, without regard to the conflicts of laws and principles thereof.