Learn how to understand and negotiate terms for the four major types of music business contracts: recording, management, performance, and rights agreements.
- [Voiceover] You're more likely to have a successful career in the music business if you are savvy about music contracts. Hopefully, this course will remove some of the mystery and help you to avoid common missteps. If you are using the services of an attorney, you can benefit and save money on attorney fees with a basic understanding of music contract terminology and principals. I've tried to cover most of the agreements that are important to musicians. I focused on agreements that are negotiable, that is, terms can be changed.
I start with record contracts because they have so many elements that are common to other music agreements. Please note that throughout the course, I use the terms musician and artist interchangeably.
For example, when it comes to record contracts, it's important to know how advances and royalties work, how to maintain creative control, and what happens when a member leaves a band. Rich also tackles management contracts, describing what managers can do for you—and what to do when you need to let them go. Next, he explores the basic terms, riders, and payment options in performance contracts. Then learn about releases, artwork permissions, publishing and producer agreements, and other types of legal arrangements. Rich wraps up the course with a discussion of oral agreements, attorney fees and roles, and five basic rules worth remembering for every music contract.
DISCLAIMER: This course is taught by an attorney (or other instructor) and addresses US law concepts that may not apply in all countries. Neither LinkedIn (including Lynda.com) nor the instructor represents you and they are not giving legal advice. The information conveyed through this course is akin to a college or law school course; it is not intended to give legal advice, but instead to communicate information to help viewers understand the basics of the topic presented. The views (and legal interpretations) presented in this course do not necessarily represent the views of LinkedIn or Lynda.com.
- Why bother with a contract?
- Understanding terms, options, royalties, and deductions
- Making provisions for marketing
- Including warranties and indemnity clauses
- Hiring a manager
- Understanding performance contracts
- Getting permission to use samples
- Creating a band partnership
- Record keeping
- Going through mediation or arbitration