This Agreement is made between:
• Licensor (Producer): Nimz Music Studio
• Licensee (Artist/Client): You
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1. Grant of Rights
The Licensor grants the Licensee the exclusive right to use the instrumental track (the “Instrumental”) for creating, recording, distributing, and performing songs or other works.
• The Licensee may release the Instrumental commercially worldwide.
• The Licensor keeps ownership of the original instrumental file and the right to collect royalties as outlined below.
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2. Royalty Structure
The Licensee agrees to pay the Licensor royalties as follows:
• Master Royalties: 15% of revenue earned from sales and streams of the song(s) using the Instrumental.
• Performance Royalties: 50% of revenue earned from live performances, radio, public performances, and collections from Performing Rights Organizations (PROs).
• Sync Fees: 15% of revenue from licensing the song(s) for film, TV, commercials, video games, or other media.
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3. Payment Terms
• 50% payment is due at checkout.
• 50% payment is due before final delivery of files.
• Payments are non-refundable once received.
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4. Revenue Distribution
• The Licensor’s royalty share will be paid semi-annually, on January 15 and July 15 each year.
• Payments may be made via PayPal, wire transfer, or DistroKid splits (or another agreed-upon method).
• No monthly or quarterly royalty statements are required. Payments will be made on schedule in good faith.
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5. Territory and Duration
• Territory: Worldwide
• Duration: This license remains valid indefinitely unless both parties agree otherwise in writing.
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6. Credit
The Licensee must credit the Producer by including the line:
“Produced by Nimz”
wherever the song is released, including streaming platforms, physical copies, and promotional materials.
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7. Miscellaneous
• Governing Law: This Agreement is governed by the laws of Canada.
• Disputes: Any disputes will first be handled by good-faith negotiation. If unresolved, they may be settled under Canadian jurisdiction.
• Amendments: Any changes to this Agreement must be made in writing and agreed upon by both parties.
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Binding Agreement
By completing the purchase, the Licensee acknowledges and agrees to be bound by the terms of this Agreement.
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