| TERM | 5 years from the date of this Agreement and then renewing for 5-year periods. |
| MASTERS | All sound recordings owned and/or controlled by you during the Term. |
| TERRITORY | The Universe. |
| USES | D-Rom is granted the non-exclusive right during the Term to:- include and couple Masters with other recordings in DJ Mix Albums created by registered DJs for sale to public via the D-Rom Website and through D-Rom’s digital distributor and digital retailers and other means from time to time;
- use of extracts from DJ Mix Albums (whether containing Masters or not) for free for the purposes of promoting DJ Mix Albums.
- sell, distribution and commercial exploitation of DJ Mix Albums containing Masters (or any part thereof) in all digital formats
- Distribute transmit, make available and sell full track Masters unbundled from the DJ Mix Album in all digital formats (if you select the 3G Service option)
|
| ROYALTY | A share of all income received by D-Rom from the sale of DJ Mix Albums containing the Masters (or any part thereof) less VAT and less any mechanical copyright payments and digital encoding costs and subject to pro rating by number of tracks used. |
META DATA
| Label to supply meta-data reasonably requested by D-Rom for each Master delivered to D-Rom. |
NAME AND LOGO
| D-Rom may use the Label’s name and logo and the artists’ names, likenesses and biographies in connection with its permitted use of the Masters. |
| ACCOUNTING | Quarterly within 60 days of the end of each calendar quarter. |
| OWNERSHIP | D-Rom shall own all rights in the DJ Mix Albums. |
| WARRANTIES | Label warrants that it is fully entitled to enter into this Agreement and to license the rights granted hereunder. Label’s entering into this Agreement and D-Rom’s performance of this Agreement shall not infringe the rights of any third party. Masters shall not contain anything that is offensive, defamatory or infringes any third party’s rights. Label hereby indemnifies D-Rom on demand against any costs, damages, expenses and any other loss without limit suffered by D-Rom as a result of any breach of Label’s warranties and agreements under this Deal Memo. |