1. Grant of Rights
Licensor grants Licensee a non-exclusive, worldwide license to use the Composition in TV, digital, and social media ads. This includes rights to synchronize, edit, and adapt the Composition for the campaign, and to sublicense to third parties involved in production and promotion.
2. Payment and Compensation
Down Payment: Licensee pays a non-refundable $500 upon signing. This payment constitutes the full fee for the sixty (60) day license described in Section 2A.
2A. Duration of License
The license granted under this Agreement is valid for a period of sixty (60) days from the date of execution of this Agreement, unless earlier terminated. Upon expiration of the sixty (60) day term, the Licensee shall discontinue all use of the Composition unless a written extension and additional fee are agreed upon. Any continued use after expiration shall be considered unauthorized.
3. Rights of the Songwriter
Licensor retains full ownership of the Composition, including copyright.
4. Team Management
Your opinion and thoughts are welcomed while we are working on the advert.
5. Termination
Either party may terminate the agreement for material breach if not resolved within 30 days. Upon termination, all rights revert to Licensor.