Lease rights means that you, the lessee, can perpetually use the musical composition for whatever purpose you see fit, without any legal obligation to ANY splits. Put It Out There TV Productions and/or the Producer it contracted to produce the musical composition can continue to use the musical composition for whatever purpose they see fit, without any legal obligation to ANY splits. Until you purchase exclusive rights to the musical composition, your lease rights are NON-EXCLUSIVE, NON-TRANSFERABLE, and will expire upon the purchase of exclusive rights by another. We waive any obligation to notify you when the exclusive rights are procured for the musical composition you may leasing at the time exclusive rights were acquired.