BEAT LEASE AGREEMENT

 

 

This beat purchase agreement (“Agreement”) dated as the last signature date below (“Effective Date”) is by and between the undersigned artist (“Artist”), and the undersigned producer (“Richtiggy”). For good, valuable, and legally sufficient consideration, the parties hereby agree to the foregoing terms and conditions:

 

1. Sound Recording. The producer has recorded and owns, or has acquired, full rights to and

to a certain sound recording of rhythms and sounds, or so-called “beats” (the “Sound Recording”), excluding the underlying musical composition contained therein (the “Musical Composition”), identified as “{TRACK TITLE}”. The Sound Recording and Musical Composition may sometimes be collectively referred to (hereinafter as the “Work”). The Artist wants to purchase, and the Producer wants to sell a track license to use the Sound Recording and Musical Composition, by terms and conditions contained herein.

 

2. Deliverables for Sound Recording. Producer shall deliver to Artist an acceptable mixed,

edited, and equalized version of the Sound Recording, that is technically satisfactory according to

customary music industry standards, and ready for the reproduction/manufacture, encoding,

broadcast, sale, licensing, streaming, and other uses of Records that embody the Recording. Artist

shall be responsible for obtaining any necessary licenses, clearances, or other necessary

documents that will enable the Artist to commercially release the Recording, including, but not limited

to, any clearances for side artists, musicians, or other contributors, and waivers from the

contributor’s record label or other company, if applicable (collectively, the “Deliverables”). Artist

shall designate where the Deliverables are to be delivered.

 

3. Fee. The artist shall pay the Producer a total “all-in” fee of

($30) for the grant of rights specified in this Agreement. Producer expressly acknowledges and

agrees that payment of the Fee is for a track license to use the Recording and Musical

Composition as set forth herein. Upon purchasing lease rights, the Sound Recording can be licensed to other artists or labels upon paying for this fee. The artist shall have no further economic obligations to the Producer in connection with the Recording, other than payment of the Publishing royalties. It is of the essence to this Agreement that the Sound Recording will still be able to be licensed and that the Artist shall not be obligated to pay the Producer any share of digital/physical sales, streaming revenue, or

mechanical royalties concerning any of the rights that the Artist is acquiring from the Producer for the

Sound Recording and Musical Composition.

 

4. Ownership of Sound Recording. The producer shall be the sole and exclusive owner throughout

the universe and in perpetuity of the copyrights in and to the Sound Recording. The Sound

Recording, from the inception of recording thereof, and all Records and other reproductions made

therefrom, including original session files, together with the performances embodied therein, all

copyrights embodied therein and thereto, and all renewals and extensions thereof, shall be entirely

Producer’s property, free of any claims whatsoever by Artist, or any other person or entity.

The producer grants the Artist lease rights to use the Sound Recording.

 

5. Musical Composition. Producer shall retain ownership of one hundred percent (100%) of

the entire copyright in the Musical Composition. The Producer hereby grants to Artist a track license to (i) use Master Recording in the reproduction, duplication, manufacture, and