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An Exclusive License Music agreement is essential when a rights holder wishes to grant sole authority to another party to use and commercialize musical works. This document, governed by Singapore law, establishes the exclusive relationship between the licensor and licensee, detailing specific rights granted, territories covered, and compensation terms. It's particularly crucial in the modern digital music landscape, where clear ownership and usage rights are essential for commercialization. The agreement includes comprehensive provisions for both traditional and digital exploitation of music, ensuring compliance with Singapore's Copyright Act 2021 and international copyright conventions.
