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- COMMERCIAL PACKAGES
- SPECIFIED TERMS ARE OF THE ESSENCE
- WARRANTEES, REPRESENTATIONS AND COVENANTS
- TERM AND RENEWAL
- COMMERCIAL PACKAGE” DEFINED
- NO ASSIGNMENTS
- GENERAL PROVISIONS
This ‘COMMERCIAL MUSIC AGREEMENT’ (“Agreement”) is made by and entered into between [PURCHASER NAME] (the “Purchaser”) and [LICENSOR NAME] the (“Licensor”), and is executed as a binding agreement as of the Effective Date (Purchaser and Licensor are sometimes herein referred to collectively as the “Parties” or individually as a “Party”).
BACKGROUND AND PURPOSE
WHEREAS, Purchaser desires to engage Licensor to produce certain Commercial package as described below, and Licensor desires to accept such engagement, as set forth herein.
NOW THEREFORE, in consideration of the mutual promises and other good and valuable consideration considered hereinafter, the receipt and sufficiency of which are acknowledged by the Parties, the Purchaser and the Licensor agree as follows:
- COMMERCIAL PACKAGES:
The Licensor hereby agrees to produce and deliver to the Purchaser the following radio/television commercial package under the following terms and conditions:
(a) The musical style of the commercial package most desired by the Purchaser can be generally described as: [select from these options: ROCK, POP, COUNTRY, EASY LISTENING, and/or ORCHESTRAL].
(b) The vocal style most desired by the Purchaser can be generally described as [select from these options: MALE VOCAL, FEMALE VOCAL, MIXED, W/BACKGROUND].
(c) The length of the Commercial most desired by the Purchaser is [LENGTH] ([###]) seconds long.
(d) The recommended lyrics or voice-over for the Commercial Package are as follows:
Licensor agrees to produce and deliver to the Purchaser the above stated commercial within THIRTY (30) days.
Licensor agrees to provide Purchaser, at no additional cost, ONE (1) reel-to-reel (7 1/2 IPS) version and ONE (1) cassette version of the Commercial Package. Additional tapes may be purchased at the following rate:
(a) Reel-to-real copies [$##.##] each
(b) Cassette copies [$##.##] each
(c) Digital copies [$##.##] each
Payment of Licensor by Purchaser for the Commercial Package herein contained shall be as follows:
(a) A deposit of [$AMOUNT] ([$####]) shall be paid to Licensor at the time of execution of this Agreement; and
(b) The balance due Licensor shall be paid within TEN (10) days of the delivery and receipt by Purchaser of the completed commercial package.
The agreed upon price of the Commercial Package is [$AMOUNT] ([$####]) per year for the exclusive right to use and re-use the commercial package for the specific area mentioned in Section 5 of this Agreement to be paid as outlined in this Section. This price is exclusive of sales or any other taxes due payable from the sale of this license.
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