You retain all of your copyrights, including all of your publishing and BMI/ASCAP/ SoundExchange revenues
Soundstripe would have a license (permission) to issue usage licenses to 3rd parties for the tracks you choose to send us.
Our agreement together is non-exclusive except with respect to direct, "click to license" competitors... i.e., other web-based music licensing catalogs like Pump Audio, Marmoset, The Music Bed, Song Freedom, Pond5, Shutter Stock, etc. This exclusivity ONLY applies to the tracks you give us. Song A can be in our catalog and Song B can be on Pond 5. This keeps our catalog unique.
The term would be for 1 year with automatic 1 year renewal periods unless either party provides the other with notice to terminate at least 30 days before the end of the term.
All revenue derived from app.soundstripe.com is divided 50/50 between our partners and Soundstripe and is allocated to each partner based on user downloads.
You'll receive monthly payments (initiated on the 15th of each month) through your e-mail via Dwolla, a fee free payment processor.
For brand quality control reasons, Soundstripe has the right to choose which of your tracks will appear on our user facing catalog.
By uploading a track to us, you are also acknowledging that you have the legal right to do so. That you either own the copyrights or have permission from the copyright owners.