Licensing Agreements:
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Leasing Agreement
THIS AGREEMENT, made and entered into serves as a legally binding agreement between K-FELON BEATS (“Licensor”) and You (“Licensee”). This agreement grants the Licensee certain non-exclusive rights to the song being leased. This contract agreement is binding. All guidelines, limitations and request forthcoming within shall apply to each instrumental included in the collection of “K-FelonBeats.com." This stands as an individual agreement for each instrumental on the previously stated products ("K-FelonBeats.com") and should be treated as such. Any instrumental that is purchased will fall under ALL guidelines stated within this contract for the name of the current instrumental, or any name which it is given in the future. Payment The Licensee agrees to pay the Licensor a non-refundable fee of $30.00 (Varies between Beats, $55.00 for Beats W/Hooks) for the non-exclusive use of the Instrumental that is being licensed in this Agreement for the purpose of creating a new composition. Term This non-exclusive license agreement shall expire one (1) year from the execution of this agreement. Master Recording The Licensor hereby grants the Licensee the right to record vocal and/or instrumental synchronization to any or all parts of the Instrumental. The Licensee understands that their non-exclusive usage of the Instrumental is limited to one new composition and if the Licensee wishes to use the Instrumental in other new compositions, then the Licensee must obtain another license to use the Instrumental from the Licensor. The Licensee also agrees to refrain from editing the Instrumental that is being licensed in this agreement, by changing the arrangement of the Instrumental or by removing any melodies, instruments, drum programming or sounds that are contained within the Instrumental. Profitable Distribution The Licensee is limited to distributing one (1) version of the Master Recording for profitable use. The Licensee is limited to a distribution of two thousand (2000) copies of the Master Recording, which can be distributed on any kind of recording media including, but not limited to: compact discs, DVDs, VHS videos, and all other forms of media. With one year from date leased beat was purchased to distribute until having to renew lease agreement. In the event you (Licensee) sell in excess of 2,000 copies, Licensor shall be paid in accordance to the terms of an Exclusive License Agreement
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Exclusive License Agreement
THIS AGREEMENT, made and entered into serves as a legally binding agreement between K-FELON BEATS (“Licensor”) and You (“Licensee”). This agreement grants the Licensee certain exclusive rights to the song being licensed. This contract agreement is binding. All guidelines, limitations and request forthcoming within shall apply to each instrumental included in the collection of “K-FelonBeats.com." This stands as an individual agreement for each instrumental on the previously stated products ("K-FelonBeats.com") and should be treated as such. Any instrumental that is purchased will fall under ALL guidelines stated within this contract for the name of the current instrumental, or any name which it is given in the future. Payment The Licensee agrees to pay the Licensor a non-refundable fee of $300.00 for the exclusive use of the Instrumental that is being licensed in this Agreement for the purpose of creating a new composition. Term This Exclusive license agreement shall expire two (2) years from the execution of this agreement, if a commercial Master has not been released before the expiration of this agreement. Master Recording The Licensor hereby grants the Licensee the right to record vocal and/or instrumental synchronization to any or all parts of the Instrumental. The Licensee understands that their Exclusive usage of the Instrumental is limited to one new composition and if the Licensee wishes to use the Instrumental in other new compositions, then the Licensee must obtain another license to use the Instrumental from the Licensor. The Licensee also agrees to refrain from editing the Instrumental that is being licensed in this agreement, by changing the arrangement of the Instrumental or by removing any melodies, instruments, drum programming or sounds that are contained within the Instrumental. Profitable Distribution The Licensee is limited to distributing one (1) version of the Master Recording for profitable use. The Licensee unlimited copies of the Master Recording, which can be distributed on any kind of recording media including, but not limited to: compact discs, DVDs, VHS videos, and all other forms of media. Ownership The Licensor maintains 100% full rights (copyright and ownership) of the instrumental, and can continue to License it. The Licensee has neither the right nor authority to sell or license the rights to the Instrumental whether in whole or part to any other party. In the event another individual purchases the License to your licensed Instrumental you will retain your Exclusive rights under the limitations listed in this agreement and until these terms have been fulfilled. 4% Royalty (1) With respect to net sales of the Master/Album through normal retail distribution channels in the United States (“USNRC Net Sales”), you (Licensee) shall irrevocably direct Company to pay directly to Licensor a royalty of four percent (4%) of the suggested retail list price of the Master/Album (or, if Company computes royalties on a “wholesale” basis, eight percent (royalty base price). With respect to exploitations of the Master in respect of which Licensor is paid a portion of Company’s “net receipts,” Licensor is entitled to a fraction of the net receipts paid to or credited to your account, the numerator of which is Licensors basic royalty rate hereunder and the denominator of which is the basic royalty rate payable to you (Licensee) under the Company agreement. The royalty payable to Licensor for foreign sales, singles, budget records, mid-priced records, club sales, compact discs, and any contained on the Album for which you (Licensee) are paid a reduced royalty shall be computed by reducing Licensors basic royalty rate in the same proportion that the basic royalty rate payable by Company to you (Licensee) for USNRC Net Sales of the Album is reduced. All royalties payable to Licensor shall be computed, calculated and paid in the exact same manner and at the same time (e.g., container charges, free goods, reserves, etc.) as royalties payable to you (Licensor) by Company are computed, determined, calculated and paid pursuant to your recording agreement with Company. With respect to sales of records embodying Masters produced by Licensor coupled with other master recordings, Licensors royalty shall be multiplied by a fraction, the numerator of which is the number of Masters produced by Licensor on the record in question and the denominator of which is the total number of master recordings embodied on that record. Licensors royalties as aforesaid shall be payable retroactively to the first record sold after recoupment by Company at the net artist rate of solely the acquisition cost of the Album (it being understood that Licensor shall not be required to “stand behind” or otherwise bear any portion of any “general” artist advances or any other costs [except for the acquisition costs specified earlier in this sentence] that Company may charge against Licensors account). Following such recoupment, Licensors royalty shall be payable both retroactively to the first record sold and prospectively on all records sold thereafter. (2) Notwithstanding anything to the contrary contained herein, it is agreed that royalties payable to Licensor shall not be cross-collateralized against royalties payable to Licensor under any other project which Licensor may produce for you (Licensee) in the future. 7% Royalty (1) With respect to the Net Sales of public performance of the instrumental enclosed you agree to pay to Licensor a royalty of 7% of the net sales of every public performance of enclosed instrumental. (2) Notwithstanding anything to the contrary contained herein, it is agreed that royalties payable to Licensor for public performance of enclosed instrumental shall not be cross-collateralized against the royalties payable to Licensor under any other project which Licensor may produce for you (Licensee) in the future. Credit The Licensee must give production to the proper credit to the Licensor for any and all distributed material. This can be done verbally (through recorded vocals on the Master Recording) or written in or on the CD booklet or outside cover. The Licensor reserves the right to keep an audio signature at the beginning of all non-exclusive instrumentals. All written credits must state; Produced By: K-Felon Beats for Sylent Assassin Productions. By receiving this contract via email or upon purchase, you automatically agree to the terms stated above and gain Exclusive license to the Instrumental. |