Exclusive Rights Agreement
EXCLUSIVE RIGHTS AGREEMENT – BEST EDM BEATS
This agreement is between ___________________________ (‘licensee”), and PRODUCER (“licensor”).
PRODUCER is the sole authorized licensor of the original instrumental compositions that are being licensed in this agreement. The licensee wishes to have the exclusive right of usage of the original instrumental compositions under the provisions of this agreement. This agreement shall be binding upon licensee’s assigns and sub-licensees. For the purpose of cataloging and tracking in its database, PRODUCER has titled the original instrumental compositions:
“________________________________________”
GRANT OF RIGHTS:
The licensee agrees to pay the licensor a non-refundable fee of $________ for the exclusive use and ownership of the original instrumental compositions that are being licensed in this agreement. All payments submitted by the licensee to the licensor shall be in the form of PayPal, Certified Check or Money Order (U.S. currency only) payable to ______________________.
TERMS:
- The licensee understands that their exclusive use of the original instrumental compositions are limited to the following rights: 1) The exclusive right to use the original instrumental compositions (e.g., EDM instrumentals, dance beats, etc.) as included within the new compositions; 2) The exclusive right to reproduce and distribute for sale as included with the new compositions; 3) The exclusive right to perform with the original instrumental compositions as included within the new compositions for the purpose of doing shows; and 4) The exclusive right to include and exploit the original instrumental composition as included within the new compositions in digital internet usage, radio broadcasts, video clips and audiovisual uses.
- The exclusive right to use the original instrumental recording, as-is, without any reproductions for digital internet usage, radio broadcasts, video clips and audiovisual uses.
IDEMNITIES/REMEDIES:
- Producer/Licensor agrees to indemnify, save and hold Company, Artist and Distributor, and Company’s, Artist’s, and Distributor’s respective successors, assigns, agents, distributors, licensees, and employees, harmless against any third-party claim, liability cost and expense (including reasonable attorney fees) occasioned by any breach of any agreement, representation, grant or warranty made or assumed by you hereunder, provided that the claim (other than claims for unauthorized Producer Samples) concerned is reduced to a final adverse judgment or is settled with your prior written consent. You shall give written notice of all such claims and shall the right to participate in the defense thereof, at your own cost and expense.
- Company/Artist/Licensee agrees to indemnify, save and hold you harmless against any claim, liability, cost and expense (including, without limitation, reasonable attorney fees) occasioned by any breach of or any claims inconsistent with Company’s representations and warranties made under provided that the claim concerned is reduced to a final adverse judgment or is settled with Company’s prior written consent. You shall give Company written notice of all such claims and Company shall have the right to participate in the defense thereof, at its own cost and expense.
TERRITORY:
The rights of this agreement shall be for the world.
EXECUTION RECITALS:
I have read and understand the terms of this agreement. I will adhere to the terms outlined within this agreement. I am aware that any breach of this contract will result in the revocation of my exclusive rights. Should I violate this contract and lose these privileges, I understand that selling any recordings that contain any sum or portion of the original instrumental compositions being licensed in this agreement, without written permission from PRODUCER would constitute a violation of copyright law punishable by legal action.