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MASTER TRACK LICENSE
THIS AGREEMENT is made and entered into as of this _______ day of _______, 20___ by and between _________________________ (hereinafter referred to as "Licensee") and _________________________ (hereinafter referred to as "Licensor").
It is the desire of Licensee to use that certain master recording (hereinafter referred to as the "Master") embodying the performance of _________________________ (hereinafter referred to as the "Artist") of the musical composition "_________________________" (hereinafter referred to as the "Composition") in episodes of a _________________________ (hereinafter referred to as the "Program").
1. In consideration of the mutual covenants set forth herein, Licensor hereby grants to Licensee, its successors in interest, assigns and licensees the non-exclusive, irrevocable right to record, dub and synchronize the Master in whole or in part into and with the Program, advertisements and trailers thereof, and to exhibit distribute, exploit, market and perform each Master embodied within the Program, to be used in connection with audio-visual contrivances such as video cassettes, video tapes, video records and similar compact audio-visual devices... |