What does the license agreement (contract) with the featured artists include?
When you get a non-exclusive feature, just like when you get a non-exclusive beat (also known as beat "leases"), you'll receive a signed contract giving you the legal right to use and record to the beat and with the feature.
You'll have the rights for 1,000 copies sold, 100,000 monetized streams for each beat and feature for the standard license that comes with the Industry Icons 3.
An option to get the Unlimited Rights that'll allow for unlimited copies sold and unlimited number of monetized streams is also available.