Below is a preview of the Exclusive Buyout agreement:
“Exclusive Buyout” Agreement
Please note: The term “Exclusive Buyout” simply refers to a “non-exclusive usage license” “type” being offered by (SF Traxx) and does not imply anything else.
Previously issued licenses. By purchasing the “Exclusive Buyout” license type, John Doe acknowledges that possessing an “Exclusive Buyout” license type means that from the date of purchase, no further leases (non-exclusive licenses) of any type will be issued for that exact composition; however, non-exclusive licenses (and their terms) that have been previously issued by (SF Traxx) for the aforementioned composition will still be valid and must be honored by the “Exclusive Buyout” license holder.
THIS NON EXCLUSIVE LICENSE AGREEMENT is made on (“Effective Date”) by and between John Doe (hereinafter referred to as the “Licensee”) also, if applicable, professionally known as John Doe Music, and (SF Traxx) (“Songwriter”). (hereinafter referred to as the “Licensor”). Licensor controls the mechanical rights in and to the copyrighted musical work entitled The Beat Title (Contract Preview Only) (“Composition”) as of and prior to the date first written above. The Composition, including the music thereof, was composed by (SF Traxx) (“Songwriter”) managed under the Licensor.
Master Use. This license type hereby grants the licensee a non-exclusive usage license to record vocal synchronization to the Composition partly or in its entirety and substantially in its original form (“Master Recording”).
Mechanical Rights. The Licensor hereby grants to Licensee a non-exclusive usage license to use (SF Traxx)’s work in Master Recording in the reproduction, duplication, manufacture, and distribution of phonograph records, cassette tapes, compact disc, digital downloads, other miscellaneous audio and digital recordings, and any lifts and versions thereof (collectively, the “Recordings”, and individually, a “Recordings”) worldwide for up to the pressing or selling a total of 0 copies of such Recordings or any combination of such Recordings, condition upon the payment to the Licensor a sum of (Negotiated amount) dollars (Negotiated amount), receipt of which is confirmed. Additionally licensor shall be permitted to distribute free internet downloads or streams for non-profit and non-commercial use.
Streaming. This license allows Unlimited (unlimited) monetized audio streams to sites like (Spotify, RDIO, Rhapsody) and is eligible for monetization on YouTube.
Performance Rights. The Licensor here by grants to Licensee a non-exclusive license to use the Master Recording in non-profit performances, shows, or concerts. Licensee may receive compensation from performances with this license.
Synchronization Rights. The Licensor hereby grants limited synchronization rights for Unlimited (Unlimited) music video streamed online (Youtube, Vimeo, etc..) and non-monetized video streams on all total sites.
Please note: A separate synchronization license will need to be purchased for distribution of video to Television, Film or Video game.
Broadcast Rights. The Licensor hereby grants to Licensee broadcasting rights up to Radio Stations.
Credit. Licensee shall acknowledge the original authorship of the Composition appropriately and reasonably in all media and performance formats under the name “(SF Traxx)” in writing where possible and vocally otherwise. Additionally Licensee agrees to display a hyperlink: www.sftraxx.com wherever applicable (eg: Youtube description, Soundcloud Description, etc).
License Modification. Licensee understands that the licensee is bound to the terms stated on the license as of (“Effective Date”).
Indemnification. Accordingly, Licensee agrees to indemnify and hold Licensor harmless from and against any and all claims, losses, damages, costs, expenses, including, without limitation, reasonable attorney’s fees, arising of or resulting from a claimed breach of any of Licensee’s representations, warranties or agreements hereunder.
Audio Samples. 3rd party sample clearance is the responsibility of the licensee.
File Delivery. For “Exclusive Buyout” license: The licensee will receive an untagged, high quality stereo mix in MP3 format, an Uncompressed WAV stereo mix and the session files (“Trackout”) in WAV format.
The files associated with your license may be delivered via email and may be delivered in a zipped folder ( in .rar or .zip format) and may require you to download a third party program to extract the files. Programs such as winRAR for Windows and Stuffit for Mac will work.
Vocal tags. Vocal tags are removed from “Exclusive Buyout License” compositions.
Failure to abide by these terms will void your license.
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.
Transfer. This license also expressly forbids resale, rental, loan, gift or transfer.
Portfolio Usage. (SF Traxx) reserves the right to use the instrumental for portfolio usages which includes the distribution of the instrumental on all mediums. Commercial and Non Profit without notice or payment due to you. (Examples would be releasing the music as an “SF Traxx Instrumental collection” made available on iTunes, or any variation thereof. )
Governing Law. This License is governed by and shall be construed under the law of the Hawaii, United States of America, 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.
All licenses are non-refundable and non-transferable.
(If the license is being purchased on Behalf of someone – please send an email to firstname.lastname@example.org with the Artist(s) name and info. Failure to do so may void the license.)
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Any and all rights not covered in this agreement are reserved.