Beat Leasing Contract
Beat Leasing Contract
This contract ("Contract") is entered into between [Your Name] (hereinafter referred to as "Licensor") and [Artist's Name] (hereinafter referred to as "Licensee") for the leasing of a musical beat produced by the Licensor for use in the Licensee's musical compositions.
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1. Grant of License
The Licensor hereby grants the Licensee a non-exclusive license to use the musical beat described below, solely to create and distribute a musical composition:
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Title of Beat: "Ethereal Dreams"
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Description of Beat: A relaxing instrumental with soft piano and ambient sounds.
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Duration of Use: April 5, 2050, to April 5, 2051
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Territories of Use: Worldwide
The Licensee acknowledges that the Licensor retains all rights, title, and interest in and to the beat, and this license is limited to the specified use as outlined in this Contract.
2. Payment Terms
In consideration for the license granted herein, the Licensee agrees to pay the Licensor the following fees:
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Lease Fee: $100
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Payment Method: PayPal (to be provided)
Payment shall be made in full upon execution of this Contract.
3. Rights and Restrictions
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The Licensee shall have the right to use the beat solely for the creation and distribution of the Licensee's musical compositions.
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The Licensee shall not have the right to transfer, sublicense, or assign the beat to any third party without the prior written consent of the Licensor.
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The Licensor retains the right to continue leasing the beat to other parties during the term of this Contract.
4. Representations and Warranties
Both parties represent and warrant that they have the full right, power, and authority to enter into and perform this Contract, and that the performance of this Contract does not violate any other agreement or obligation to which they are bound.
5. Termination
This Contract may be terminated by either party upon written notice if the other party breaches any material term of this Contract and fails to cure such breach within 30 days of receiving written notice thereof.
6. Governing Law
This Contract shall be governed by and construed by the laws of [State/Country].
7. Entire Contract
This Contract constitutes the entire understanding and agreement between the parties concerning the subject matter hereof and supersedes all prior agreements, whether written or oral, relating to the same subject matter.
IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the date first above written.
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[Your Name]
[DATE SIGNED]
[Artist Name]
[DATE SIGNED]
