Licensor agrees to deliver the Beat as a high-quality MP3 & WAV, as such terms are understood in the music industry.The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the License Fee has been paid. All rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee.
License Fee: The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement.This Agreement is issued solely in connection with and for Licensee’s use of the Beat pursuant and subject to all terms and conditions set forth herein. 97 (the “License Fee”), on a so-called “Wav File” basis. This Non-Exclusive Wav File License Agreement (the “Agreement”), having been made on and effective as of Sun, 21:36:07 -0400 (the “Effective Date”) by and between Jeremy Clemons p/k/a Jerm On It (the “Producer” or “Licensor”) and Licensee residing at (“You” or “Licensee”), sets forth the terms and conditions of the Licensee’s use, and the rights granted in, the Producer’s instrumental music file entitled Sample Track Title (the “Beat”) in consideration for Licensee’s payment of $49.
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