Official Beat/Instrumental Exclusive Rights Agreement
MASTER TRACKS RIGHTS AGREEMENT
This agreement is made by and between Trent Thomas (JustDreamz) and the Licensee, for the exclusive, non-transferable right to use the musical composition known as (the “Composition”) for all commercial recording, performing, broadcasting and distribution purposes (“Exclusive Rights”).
RIGHTS GRANTED: This license permits the exclusive use of the Composition or any portion thereof in particular recordings made in connection with the Composition, including the exclusive right to perform, broadcast and distribute any derivative thereof. This license is non-assignable and any attempt to reproduce, share or re-sell the Composition itself is strictly prohibited.
FEES: The Exclusive Rights are granted for and in consideration of the sum of and other valuable consideration, receipt of which is hereby acknowledged.
WARRANTIES: Unless otherwise agreed in writing, Trent Thomas (JustDreamz) offers the Composition as-is and makes no representations or warranties of any kind concerning the work, including, without limitation, warranties of title, merchantability, fitness for a particular purpose, non infringement, or the absence of latent or other defects, accuracy, or the presence or absence of errors, whether or not discoverable.
ROYALTIES: Royalties for the sale, distribution, broadcast and performance of any derivative of the Composition shall be allocated as follows:
Sales: 2% of gross sales to Trent Thomas (JustDreamz)
50% - Producer
50% - Licensee
Credit: All distributed works must show the following music credit: Produced by JustDreamz
LIMITATION ON LIABILITY: Except to the extent required by applicable law, in no event will Trent Thomas (JustDreamz) be liable to Licensee on any legal theory for any damages arising out of this license or the use of the Composition, even if Trent Thomas (JustDreamz) has been advised of the possibility of such damages.
TERMINATION: This License and the rights granted hereunder will terminate automatically upon any breach by Licensee of the terms of this License.
Trent Thomas (JustDreamz) Representative
5/9/16 (electronically signed)
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