Do I have to purchase a separate license for each audio format?

I’m about to license a couple of records from you. Just want to make sure I understand it correctly: If I purchase a license, I’ll get all the audio files associated with it (AAC, AIFF, FLAC, etc.); that is to say, I don’t have to buy a separate license for each file format, right?
 
Yes, you’re understanding it correctly: A single license for a record allows you to download all the audio files in all the audio formats for that particular record. See “Item 7—Format of Asset” in the License Agreement:
 
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