A %50 percent deposit is required to hold or finance an instrumental. It will be taken off of the website to prevent anyone from purchasing it from under you.
It will be held for a maximum of 60 days. If you are financing, any late payments can not exceed 60 days from the payment due date.
If you do not pay the remaining balance by the end of the holding date agreement or payment due date, all funds paid will be forfeited to cover revenue loss due to removing the beat from the site while holding it for you.
Alternatively, another way of holding a beat for less money upfront would be to finance it monthly in which the price of the instrumental is spread out over a minimum if 3 and up to 12 months. With this option, the instrumental remains on our websites and will still be leased to other artists. Another buyer could come and purchase all the rights to the track without warning.
In this event, you will be notified and all funds would be refunded back to you.
Tags: Financing, holding, buy now pay later