THIS AGREEMENT, made and entered into, TODAY serves as a legally binding contract between Valgame ("Beat maker") and You ("buyer"). This agreement grants you (Buyer) the Basic rights to this "Valgame FreeBeat" beat.
The Beat maker hereby grants the buyer the right to record vocal and/or beat synchronization to any or all parts of the beat. The buyer understands that their basic usage of the beats is limited to one new composition and if the buyer wishes to use the beats in other new compositions, then the buyer must obtain another license to use the beats from the Beat maker.
Profitable Distribution. The buyer is limited to distributing one (1) version of the Master Recording for profitable use. The buyer has the right to a distribution of unlimited copies of the Master Recording, which can be distributed on any kind of recording media including, but not limited to: compact discs, DVDs, VHS videos, and all other forms of media. With strict concern to paying 5% royalty to the beat maker when any unit of your song sells.
Ownership. The Beat maker maintains 100% full rights (copyright and ownership) of the beat, and can continue to sell it on the basic term and/or buy-off term. The buyer has neither the right nor authority to sell or license the rights to the beat whether in whole or part to any other party. In the event another individual purchases exclusive rights to your licensed beat you will retain your buy-off rights under the limitations listed in this agreement and until these terms have been fulfilled.
Credit. The buyer must give production credit to the Beat maker for any and all distributed material. This can be done verbally (through recorded vocals on the Master Recording) or written in or on the CD booklet, Album art or outside cover. The Beat maker reserves the right to keep an audio signature at the beginning of all beats on basic right.
By buying this beat, you automatically agree to the terms stated above and gain the basic rights to the beat.