Veronica Lane asked:


Seeing that you are a musician, there is a good chance that you are not a lawyer as well. This definitely puts you at a disadvantage when it comes to reading, reviewing, understanding, agreeing to and signing music contracts . Music business contracts can be complicated and confusing if you are not trained with a legal background. Over the next few minutes, we will review and define some of the common jargon of music recording contracts.

The first phrase—the deal is obviously the agreement you are making with the label. It will essentially define what royalties you will be paid from the profit of your music. Some recording contracts may include a pay advancement. This allows the artist to get the ball rolling. They can get new equipment, new wardrobe, voice lessons, a car, a home, whatever you desire to get you going. Keep in mind, this money has to be paid back with future earnings, it is a loan not a gift.

Cross-recoupment or cross-collateralization is the recovery of advances, costs or losses from other projects. Exclusivity is a word you may run across quite a few times in music business contracts. This includes all of the things that are exclusively owned by the record company. They may want to own your present work, past work and future work. They most likely will own your logo, website, all merchandise, images and names.  All of those things will be exclusive to their company, understand?

The territory of your music contracts is important and needs to be defined. Laws and rules are different in every country and you need to make sure you music and rights are protected world-wide, ideally. As I mentioned before, different countries have different laws about copyrights and things to that effect. Just be sure the music business contract defines this.

How long is your contract for? This is referred to as the term of the contract. Is it two years, seven year, two albums, eight albums? It is crucial to define the longevity of recording contracts as soon as possible.

Recording contracts can contain a great deal of jargon. You may have to read over it several times or consult the help of someone who know what they are doing. Make sure you understand copyrights, publishing deals, recording agreements, promotion terms, and all the other ins and outs of your music contracts before you sign. If you must, consult the help of a trusted friend in the industry or maybe a lawyer if you have the extra dough.



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Veronica Lane asked:


Music Attorneys



 

Were you aware that you don’t have to be a lawyer to write or create your own music business contracts ? As a musician, it is understandable that you may not fully understand the business side of the music industry. Even if you are starting your own record label, this is not at all uncommon. Luckily, there are solutions for those people who cannot afford hundreds, even thousands of dollars, just to have lawyers write your recording contracts. As well as solutions for people who have no idea how to write music contracts.

Whether you own a record label or are trying to get signed to one, you have come to the right place. Legal fees are entirely too expensive, especially if you are just starting out. I mean, you can always write your lawyer an I.O.U. or have your lawyer recover their fees when you start generating profits. But who wants to do this? It is like giving away your money just to have to some music contracts written when you could go about this using a cheaper method.

 

Using the services of a Entertainment Lawyer when handling music business contracts could amount to thousands of dollars. Do you have the money to deal with that? Most people starting out in the music business do not. You now have the option of purchasing hundreds of pre-written music contracts and recording contracts online. This is a fantastic route to take because it will save you a ton of money in the long run.

 

The types of music contracts that you may need are for your Record Company, Management Team, Recording Artist, Agents, Producers, Songwriters and Publishers, just to name a few. Purchasing iron-clad, industry standard pre-written music contracts and recording contracts is the best way to go if you want to save money but protect your company or your career at the same time.

You are in complete control of your career or business in the music industry. Stay that way! Don’t throw away thousands of dollars on lawyer’s fees for something that you can take care of yourself. By purchasing a wide variety of standard music business contracts, you will be on your way to saving money on legal fees and handling your business the way you want it handled.

 





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