BEAT LEASE AGREEMENT
No. TOD-BTL-2026-0001
This Beat lease agreement(this “Agreement”) is entered into as of 2026-07-01(the “Effective Date”), by and between Track Or Die, a limited liability company with offices at 100 Studio Way, Suite 200, Example City, USA 00000 (“Label”), and Demo Artist A, with a principal address at 88 Crescent Avenue, Apt 3B, Brooklyn, New York 11225(“Counterparty”, and together with Label, the “Parties”).
WHEREAS, Label is engaged in the business of producing, distributing, and exploiting sound recordings and owns or controls rights in the musical work entitled “Synthetic Beat Lease 01” as performed by Demo Artist A;
WHEREAS, Counterparty possesses the skills and experience relevant to the services contemplated by this Agreement and desires to render such services to Label on the terms set out below; and
WHEREAS, the Parties wish to record their entire understanding with respect to the subject matter hereof;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
1. LICENSE SCOPE.
Producer grants a non-exclusive license to record vocal or instrumental performances in combination with the instrumental composition, limited to one hundred thousand (100,000) audio streams and five thousand (5,000) unit sales in the aggregate. Exploitation beyond those thresholds requires an upgraded license, and continued exploitation without such upgrade shall constitute a material breach.
2. PRODUCER RETAINS THE BEAT.
Counterparty acknowledges that the license granted herein is non-exclusive and that Producer retains the right to license the same instrumental composition to other artists during and after the term hereof. Exclusivity, if desired, must be acquired under a separate exclusive purchase agreement.
3. PUBLISHING ON THE NEW WORK.
The composition resulting from the combination of the instrumental and the newly created material shall be owned as to the writer share fifty percent (50%) by Producer and fifty percent (50%) by the recording artist. Each party shall register only the shares stated herein and shall cooperate in any registration reasonably requested by the other.
4. UPGRADE PATH.
If the exclusive rights in the instrumental are acquired within twelve (12) months of the date hereof, the full lease fee paid hereunder shall be credited against the exclusive purchase price. The foregoing credit is personal to the licensee hereunder and may not be assigned.
5. CREDIT.
Label shall accord Counterparty credit in the customary form on liner notes and in all digital service provider credit fields, wherever credits of a similar nature are customarily given. No casual or inadvertent failure to accord such credit shall constitute a breach, provided the failure is cured on a prospective basis promptly following written notice.
6. TERRITORY; GOVERNING LAW.
The territory of this Agreement is World. This Agreement shall be governed by and construed in accordance with the laws of Tennessee, without regard to its conflict-of-laws principles.
SCHEDULE A — SPLITS
No splits have been recorded against the underlying work.
The aggregate deal value under this Agreement is $500.00. No advance is payable under this Agreement.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date, each signatory below warranting that they are duly authorized to bind the Party on whose behalf they sign.
TRACK OR DIE
DEMO ARTIST A