Join Richard Stim for an in-depth discussion in this video Contracts, part of Music Law: Managing a Band's Business.
- In the next series of videos I'll discuss tasks…that are often handled by member-managers.…I'll start with contracts.…Contracts bind your band or you personally.…They're written in legalese…and they sometimes contain legal land mines.…Some contracts, like management, recording,…music publishing, and spec deals require special attention,…because you are committing your band for a period of years,…and/or transferring copyrights.…You can tell if an agreement is transferring rights…because it will include wording such as,…"grant," "assign," "license," or "transfer."…In those cases your band would benefit…from an attorney's review.…
The good news is that I've already covered most…of the important details for music contracts…in my course, "Music Law: Recording,…"Management, Rights, and Performance Contracts."…That course discusses most common music agreements,…and explains the typical trouble spots…and how to avoid them.…Also valuable, you'll find information about common,…or "boilerplate" provisions, those miscellaneous clauses…
It starts with what it means to be the manager of a band, and what types of business structures are available for bands. Once you've decided on a business structure, you can create a band partnership agreement that covers voting rights, postbreakup scenarios, new members, and terms for resolving disputes. Richard also exposes potential sources of disputes, like ownership of the band name, songs, equipment, and recordings. He includes advice on negotiating solid band contracts and managing financial basics: taxes, income, cash flow, and bookkeeping. Finally, he'll address how to protect your work, including your copyrights, band name, and songs, and explains how to find a lawyer—and save money on attorney fees.
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.
- Putting together a band partnership agreement
- Working out ownership disputes
- Limiting band liability
- Protecting your copyrights and band name
- Hiring a lawyer