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Music Library License
"I need a Music Library License agreement for my advertising agency to license a collection of 500 tracks from a music production company, with worldwide usage rights and the ability to use the music across all our digital platforms and client campaigns starting March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and ownership declaration of the music library
3. Definitions: Key terms used throughout the agreement including 'Licensed Works', 'Territory', 'Term', and 'Usage Rights'
4. Grant of License: Scope and nature of rights being licensed, including usage permissions and restrictions
5. Term and Territory: Duration of the license and geographical scope where the license is valid
6. Payment Terms: License fees, royalties, payment schedule, and reporting requirements
7. Usage Rights and Restrictions: Detailed specifications of permitted uses and limitations of the licensed content
8. Warranties and Representations: Legal guarantees regarding ownership and right to license the content
9. Termination: Conditions for early termination and consequences of termination
10. General Provisions: Standard legal clauses including governing law, dispute resolution, and notices
1. Sub-licensing Rights: Include when licensee may need to sublicense content to third parties
2. Performance Rights: Include when license covers public performance rights
3. Digital Distribution: Include specific terms for digital platform usage and streaming rights
4. Marketing Rights: Include when promotional use of the licensed content is permitted
5. Quality Control: Include when specific quality standards must be maintained in the use of licensed content
1. Schedule 1: Licensed Works: Complete catalogue of music tracks covered by the license including metadata
2. Schedule 2: Territory List: Detailed breakdown of territories where license applies
3. Schedule 3: Fee Schedule: Detailed breakdown of fees, royalty calculations, and payment terms
4. Schedule 4: Technical Specifications: Format and quality requirements for music files and delivery specifications
5. Schedule 5: Reporting Template: Standard format for usage reporting and royalty calculations
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