Evaluating Record Deal Contracts

Summary

A record deal contract with no budget may limit financial support for recording, promotion, and distribution, potentially impacting your success as an artist. If a lawyer has reviewed the contract and advised against it, consider their guidance. Key points to negotiate include ensuring a budget for essential activities, clarity on royalty rates, and creative control. Consulting with a lawyer experienced in music contracts can provide valuable insights and help secure better terms.

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Yes I am
A contract with no budget could pose challenges, especially in terms of financial support for recording and promotion. It's important to review the contract details.
- Have you had a lawyer review this contract yet?
Yes he said it’s a bad deal
If a lawyer has already reviewed the contract and deemed it a bad deal, it's likely in your best interest to heed their advice. Here are a few key points to consider:
- Lack of financial support for recording, promotion, and distribution can significantly hinder your career growth.
- Contracts should ideally provide resources that help you succeed.
Would you like guidance on how to negotiate better terms?
Yes he said it’s not good
If your lawyer already reviewed the contract and believes it's not good, it's crucial to consider their advice. Here are some key points to think about when negotiating better terms:
- Ensure the contract includes a budget for recording, promotion, and distribution.
- Seek clarity on royalty rates and payment terms.
- Negotiate for creative control and ownership of your masters.
Would you like tips on finding a lawyer experienced in music contracts?