PDUB THE PRODUCER LLC, the licensor ("Seller"), in exchange for a cash payment of $30.00 USD and in accordance with the terms stated in this Agreement, grants
rights as defined below in the copyrighted musical composition
The Beat is a copyrighted composition and master recording created by the Seller, who warrants that it contains only sounds created by the Seller or properly licensed to the Seller, and contains no samples that require third-party copyright clearance or licensing.
The Seller grants to the Buyer limited, non-exclusive, non-transferable rights to use the Beat in the production of one new musical composition and master recording (“New Song.”) The Buyer shall create the New Song by combining the Beat with substantial new elements including lyrics, instrumental tracks, vocals, samples, or other sounds owned by or properly licensed to the Buyer.
The Seller maintains full copyright ownership of the Beat. The Buyer may not loan, rent, share, upload, or resell the Beat. Buyer may not re-assign rights to the Beat, in whole or in part, to any party.
Following the execution of this Agreement, the Seller may continue transfer or license any and all rights to the Beat to any other parties for any purpose, exclusively or non-exclusively. Previous licensees of the Beat will retain their license rights in full as per Seller’s agreement with them.
Buyer has the right to perform, record, reproduce, distribute, stream, and sell the New Song worldwide, royalty free. These rights are subject only to the limits described below.
When either of the above distribution or streaming limits have been reached, Buyer’s rights of both distribution and streaming of the New Song under this Agreement are immediately terminated.
Should the Buyer continue to distribute or stream the New Song after termination of the Buyer’s rights to do so under this Agreement, the Buyer expressly agrees that 100% of all copyright interests in the New Song composition and master recording are thereby irrevocably transferred from the Buyer to the Seller at the moment the distribution or streams limits have been exceeded. Seller’s failure to immediately assert or exploit the copyrights so transferred does not constitute a waiver by Seller of those rights.
The Buyer may extend the distribution and streaming limits of the New Song by signing a new agreement with the Seller only if the Beat has not already been exclusively licensed to another party.
The Buyer shall credit the Seller in media releases as: “Pdubcookin.”
The Seller shall deliver the Beat in a mixed WAV audio file format.
This Agreement shall be governed and enforced under the laws of the State of Illinois, United States, in which PDUB THE PRODUCER LLC is registered.
By affixing their signatures below, the parties agree to be mutually bound by the terms of this Agreement.
PDUB THE PRODUCER, LLC 1210 Chicago Ave Unit 308 Evanston, IL 60202