Common use of For Sale Clause in Contracts

For Sale. The Licensee may make the New Song available for sale in physical and/or digital form and sell up to an equivalent of ONE THOUSAND (1,000) copies of the New Song (the “Sale Amount”). The New Song may be available for sale as a single and/or included in a compilation of other songs bundled together by Licensee as an EP or a full length Album. The New Song may be sold via digital retailers for permanent digital download in MP3 format and/or physical format, including compact disc and vinyl records. The Sale Amount shall be determined by the total number of all Singles and/or any EP or Album which includes/contains the New Song. For clarity and avoidance of doubt, the Licensee does NOT have the right to sell the Beat in the form that it was delivered to Licensee. The Licensee must create a New Song (or instrumental as detailed above) for its rights under this provision to vest. Any sale of the Beat in its original form by Licensee shall be a material breach of this Agreement and the Licensee shall be liable to the Licensor for damages as provided hereunder.

Appears in 1 contract

Sources: Gold License Agreement

For Sale. The Licensee may make the New Song available for sale in physical and/or digital form and sell up to an equivalent of ONE TWO THOUSAND FIVE HUNDRED (1,0002,500) copies of the New Song (the “Sale Amount”). The New Song may be available for sale as a single and/or included in a compilation of other songs bundled together by Licensee as an EP or a full length Album. The New Song may be sold via digital retailers for permanent digital download in MP3 format and/or physical format, including compact disc and vinyl records. The Sale Amount shall be determined by the total number of all Singles and/or any EP or Album which includes/contains the New Song. For clarity and avoidance of doubt, the Licensee does NOT have the right to sell the Beat in the form that it was delivered to Licensee. The Licensee must create a New Song (or instrumental as detailed above) for its rights under this provision to vest. Any sale of the Beat in its original form by Licensee shall be a material breach of this Agreement and the Licensee shall be liable to the Licensor for damages as provided hereunder.

Appears in 1 contract

Sources: Platinum License Agreement