Non Exclusive Lease Agreement
Non Exclusive Lease Agreement
Non Exclusive Lease Agreement
THIS AGREEMENT made and entered into on the ***INSERT DATE OF PURCHASE
*** serves as an international legally binding contract by and between Tinotenda
McZEE Machida (herein after referred to as "Producer"), and CLIENT_NAME (The
Purchaser and affiliated individuals) (hereinafter referred to as "Client"), relating to
the sale of purchased BEAT_NAME (INSTRUMENTAL),(herein after referred to as
"Recordings" or Instrumental), also The final product which is to be distributed by
the CLIENT is referred to as the (Master Recording) FOR, AND IN
CONSIDERATION OF, the premises and the mutual covenants contained herein.
Producer and Client do agree on the grant of the non exclusive rights to the
client of the purchased instrumental/s and hereby both agree as follows:
LICENSE AGREEMENT RIGHTS GRANTED TO THE BUYER :
1. Master Recording
The Producer hereby grants the Client the right to record vocal and/or instrumental
synchronization to any or all parts of the instrumental. The client understands that
their non exclusive usage of the purchased instrumental is limited to only one new
composition and if the Client wishes to use the Instrumental in other new
compositions (remixes etc), then the Client must obtain another license to use the
Instrumental from the Producer.
4.Ownership
The Producer maintains 100% full rights (copyright and ownership) of the
instrumental, and can continue to sell it non exclusively and/or exclusively. The client,
NAME 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 exclusive rights to your licensed Instrumental you will retain
your non - exclusive rights under the limitations listed in this agreement and until
these terms have been fulfilled.