A music license is a legal right held by a third party/licensee to use or distribute copyrighted music compositions.
The sole purpose of a music license agreement is to grant the copyrights of the musical composition to a third party, for any commercial use. It ensures that the creators of such musical composition get their fair compensation for the work. The music license agreement also protects the rights of both parties and prevents illegal use of the work which affects the commercial interests of the parties.
The key clauses are:
Copyright societies acts as agent for the creators as it is not feasible for the creators to enter into music license contract with each and every company who wants to use their music. These societies manages and protects the copyrighted works. They issue licenses for any copyrighted work to the third parties and collect the license fees from them. An administrative fee is deducted by these societies after which the amounts are distributed among the creators. A lot of composers, musicians and publishing houses are members of copyright societies.
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