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Avoid the Burn of a Bad Music Contract
If you are involved with any aspect of the music industry, then you will run across a time where music contracts will be involved. But you have to be very careful in the music industry. If you are one of the lucky ones that have made it so far to be offered a contract then you are definitely on the right track. Unfortunately, recording contracts can be tricky and you need to make sure you have someone watching your back before you sign.
Some top dogs in the music industry have notoriously taken advantage of the young, naÔve or just plain desperate. Donít fall victim to bad music business contracts! That is the best advice you can be given. The excitement of being offered a contract should never alter your judgment of the terms in music contracts or recording contracts.
You have to be on the defense at all times in the music industry. I mean, we are talking about your career and your money, after all. People who only have your best interest in mind are the only people you should be involved with. That is the bottom line. recording contracts, for example, should allot you the biggest share of any profits just to start.
Always keep in mind that when you sign music business contracts that you are signing a real, no holds barred legal document. This document can make you or absolutely break you so you have to be on guard. Also, you need to make sure that everything promised to you is written down and included in the music contracts. Unfortunately, a manís word is just not as good as it used to be. You canít argue a handshake in court.
You may be wondering if you need legal help at this point. Well, you do not technically need a lawyer to read a document for you. If you donít feel confident that you understand absolutely every word contained within, then you should question it. If you feel like your question about the recording contracts is being avoided, then consult legal assistance.
The music industry is a tough business. Fully understanding music contracts is an even harder business. Not every company, manager or label is devious and out to get you. But you do need to be aware of those that are. Donít become overzealous and sign anything placed before you. Take the music business contracts home, review them with your band members. Then make notes on questions you may have or areas that you feel are up for revision.
About the Author: About the Author:
Ty Cohen, the online music industry's most recognizable voice is the former owner of a successful independent record label, current owner of Platinum Millennium publishing and nation-wide music industry seminar speaker and panelist. He is also the author and creator of over 40 best-selling music business books, reports, courses, audio products and other music industry "How to" resources, that have helped tens of thousands of individuals like you to successfully find their way in the music business. Visit http://www.order-yours-now.com/ for more information on Music Contracts, Recording Contracts and Music Business Contracts.