THIS LICENSE AGREEMENT is effective AT THE PIONT OF PURCHASE ("Effective Date") by and betwee (hereinafter referred to as the "Licensee") also, if applicable, professionally known as _____________________________, and SHERM. ("Composer/Songwriter"). (hereinafter referred to as the "Licensor"). Licensor warrants that it controls the copyrighted musical work entitled PROD. BY: SHERM ("Composition") as of and prior to the date first written above. The Composition, including the music thereof, was composed by SHERM ("Composer") managed under the Licensor.
All licenses are non-refundable and non-transferable.
Master Use. The Licensor hereby grants to Licensee an Exclusive license to record to the Composition partly or in its entirety and substantially in its original form.
Mechanical Rights. The Licensor hereby grants to Licensee an Exclusive license to use Master Recording in the reproduction, duplication, manufacture, and distribution of phonograph records, cassette tapes, compact disk, digital downloads, other miscellaneous audio and digital recordings. Additionally licensee shall be permitted to distribute Unlimited internet downloads or streams for profit and commercial use. This license allows monetized audio streams to sites like (Spotify, iTunes, Rhapsody and YouTube.
Performance Rights. The Licensor here by grants to Licensee an Exclusive license to use the Master Recording in
profit performances, shows, or concerts.
Synchronization Rights. Licensee is permitted to exploit and monetize from licensee's unique derived work(s) of composition for use on TV, Film, Video game or other synchronous projects.
Broadcast Rights. The Licensor hereby grants to Licensee an Lease license to broadcast or air the Master
Recording in promotional form.
Credit. Licensee shall acknowledge the original authorship of the Composition appropriately and reasonably in all media and performance formats under the name SHERM along with 50% Publishing split percentage to:
BMI/Grind Factory Music - IPI# 584690408
Audio Samples. 3rd party sample clearance is the responsibility of the licensee.
Miscellaneous. This license is non-transferable and is limited to the Composition specified above, does not convey or grant any right of public performance for profit, constitutes the entire agreement between the Licensor and the Licensee relating to the Composition, and shall be binding upon both the Licensor and the Licensee and their respective successors, assigns, and legal representatives.
Governing Law. This License is governed by and shall be construed under the law of the Atlanta,GA USA, without regard to the conflicts of laws principles thereof.
Term. Executed by the Licensor and the Licensee, to be effective as for all purposes as of the Effective Date first mentioned above and shall terminate exactly ten (10) years from this date.