Type: noun
Pronunciation: /non-ik-skloo-siv-uh-gree-ment/
Also spelled or known as: Non-Exclusive Contract
Plural: Non-Exclusive Agreements
Related: Licensing, Agreement, Contract, Deal
What does Non-Exclusive Agreement mean? A contract that allows rights or services to be granted to multiple parties.
In music, non-exclusive agreements are common in beat licensing, sync catalogs, distribution, and production music.
Non-Exclusive Agreement synonyms: Non-Exclusive Contract, Open Agreement, Shared Rights Agreement
Example sentence: “The producer sold the beat under a non-exclusive agreement.”
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