Spence Mills

independent music production

SPENCE MILLS

NON-EXCLUSIVE INSTRUMENTAL LEASE

  

The following serves as a legally binding agreement between Spence Mills (“Licensor”) and You (“Licensee”). This agreement grants the Licensee certain non-exclusive rights to the song being licensed.

 

YOU MUST READ AND UNDERSTAND THE TERMS OF THIS CONTRACT BEFORE YOU ENTER INTO THIS AGREEMENT.  PLEASE READ IT CAREFULLY.

 

1. Payment: The Licensee agrees the pay the Licensor the corresponding non-refundable fee based on the chart below for the non-exclusive use of the instrumental being licensed in this agreement for the purpose of creating a new composition.

LEASE LEVELS:

STANDARD LEASE: $20

Master track .wav & .mp3

Sales limit: 2,000

One commercial use

PREMIUM LEASE: $50

Master track .wav & .mp3

Individual .wav trackouts (Un-mixed)

Sales limit: 5,000

One commercial use

UNLIMITED LEASE: $100

Master track .wav & .mp3

Individual .wav trackouts (Un-mixed)

Sales limit: unlimited

 

2. Master Recording: Licensor hereby grants Licensee the non-exclusive right to record and synchronize vocals and/or instruments to the licensed instrumental to create one (1) new composition. This license does not authorize use of the instrumental in additional compositions. The Licensee must obtain an additional license from Licensor for any addition composition using the song.

 

3. Profitable Distribution: Licensee may distribute no more copies than the above specified amount for the lease version purchased. The newly created master recording and/or licensed song may be used in television broadcasts, radio broadcasts, or film. If either are use in commercial or advertisement royalties must be paid to the Licensor.

 

4. Ownership Rights: Licensor retains all rights in and to the leased song including all rights in and to the underlying composition. Licensor may continue to sell and license the song non-exclusively and/or exclusively. Licensee shall not sell or license the rights to the instrumental whether in whole or part to any other party. In the event the Licensor sells exclusive rights to the instrumental, you shall retain your non-exclusive rights subject to the terms and limitations of this agreement.

 

5. Credit: Licensee shall afford production credit to Licensor on all copies of and advertisements for recordings containing the leased instrumental. The credit shall be substantially in the form: “Produced by Spence Mills”

 

6. Sample Clearances: Licensee is hereby notified that the leased instrumental may, albeit highly unlikely, contain samples. The Licensee shall be responsible for clearing all samples. Licensor shall not be liable for the use of any sampled material by Licensee in any new composition.

 

7. Individual .wav Trackouts (if applicable): Licensee is hereby notified that portions of the leased instrumental may contain “pre-mixed” audio (such as a drum loop) that is impossible to split into individual sounds. It is the Licensees responsibility to inquire about the track being licensed.

 

 

 

By purchasing, you (the Licensee) declare that you have read, understood, and agreed to the above terms of agreement. You further agree that any breach of this contract shall result in the revocation of the non-exclusive license and termination of this agreement. Violation of the terms of this agreement may constitute a violation of copyright law.

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