FOAB LICENSING AGREEMENT
NON-EXCLUSIVE LEASING RIGHTS
You will receive an encoded MP3 file of the untagged song, and/or a copy of the raw WAV file.(If you want the beat tracked out, there is an additional 200.00 charge) The song file can be delivered digitally or through the mail on a CD. Leasing rights allow you to use the beat (or song) for ONE commercial recording or broadcast. This recording can then be distributed at your price for up to 2,500 copies. Selling more than 2,500 copies means you must acquire a new lease or exclusive rights. You may also use the beat for non-profit promotional use or demos. You have full rights to record, alter, mix the beat/song in any shape, way, or form (except reselling the beat). In the event that someone buys exclusive rights to the beat you have leased, your rights shall stand and the beat is still yours to use. You may also acquire new leasing rights if you sell more than 2,500 copies since your contract predates exclusive sale. The seller will not receive a royalty from the sale of records or downloads. You must however give full credit to the seller (FOAB aka Eric L. Mims & Maurice Barnett) on all commercial recordings. Upon purchasing leasing rights, the seller still owns the beat(s) and the seller is able to resell the beat(s) to any other party until exclusive rights have been purchased.
EXCLUSIVE LEASING RIGHTS
You will receive a MP3 file of the beat (or song), untagged (free of soundmarks) and/or a copy of the raw WAV file. .(If you want the beat tracked out, there is an additional 200.00 charge) The song file can be delivered digitally or through the mail on a CD. Exclusive rights grant you unlimited commercial recordings and broadcasts. You have full rights to record, alter, mix the beat/song in any shape, way, or form (except reselling the beat). You own the recording as a "work made for hire". The original seller may no longer lease or sell the beat/song, except for prior leasing rights holders and his/her own promotional page (no downloads there). The seller will not receive a royalty from the sale of records or downloads. You must however give full credit to the seller (FOAB aka Eric L. Mims & Maurice Barnett) on all commercial recordings.
Exclusive rights will be leased for a period of 6 months beginning at the execution date of this agreement. If within that 6 months time period the purchaser does not commercialize (release with a barcode or with a major online distributor) the music, the exclusive right will turn into a non-exclusive right giving FOAB the right to re – license the beat.
If the music is commercialized within that amount of time, then the purchaser must consult with FOAB and then a more detailed and revised contract will be made.
SPECIAL USES: TV, Movies, Commercials, Websites
Charity organizations: can use song for free, but must give full credit to artist/producer
Student projects for school/college: can use song for free, but must give full credit to artist/producer
Commercials, In-house, company publications: for publications with less than 50,000 viewers exclusive rights suffice. Terms are to be discussed for larger publications.
Websites (less than 100,000 monthly hits): leasing rights suffice
Websites (other): must acquire exclusive rights
TV/Movie: terms are to be discussed |
