The Essential Know-Hows Before Signing a Record Deal

In the whirlwind of disputes and controversies surrounding record deals within the music industry, it’s crucial to understand the ins and outs before you put pen to paper. Prior to signing any contract, acknowledging the legal aspects is imperative. Emotions won’t resolve conflicts—legalities will. Here are critical factors to grasp:

What Does the Record Label Commit to?

Many contracts don’t obligate the label to release your music. They might pay you for rights to your material but hold no obligation to distribute it. Always thoroughly read and comprehend the contract terms to understand the label’s commitments and your entitlements.

Album Productions and Contract Duration

A multi-year deal doesn’t guarantee multiple album productions. It’s at the label’s discretion. Be aware that they might produce fewer albums than the contract duration stipulates. Familiarize yourself with terms—like the label’s right to drop you after a single album—before entering into an agreement.

Duration of Commitment

If the contract spans five years but you contemplate an early exit, it could lead to financial penalties or legal repercussions. Read the recording contract meticulously before committing.

Payment Structure

Understanding how you’ll be compensated is vital. Whether through advances, royalties, or publishing income, know the implications. Advances might hinder future earnings while royalties and publishing income offer ongoing revenue streams.

The Deception in Percentage Deals

A 25% deal doesn’t guarantee a consistent 25% of all royalties. Deductions on merchandise or free distributions can reduce your percentage. Comprehend these clauses to avoid future surprises.

Surrendering Publishing Rights

Some contracts entail relinquishing rights to various platforms and avenues without realizing the implications. Publishing rights encompass a substantial income source. Be cautious before conceding these rights.

Level of Creative Control

Understanding your say in how your music is used, such as forbidding certain endorsements or applications in explicit content, is vital. Lack of creative control can be limiting and distressing.

The Depth of Music Business Knowledge

Before signing, delve deep into understanding the intricate web of the music industry. Several high-profile cases demonstrate the consequences of hasty decisions based on ego or ignorance.

Music business intricacies necessitate education and awareness. Avoid becoming a casualty of inadequate comprehension. Learn, understand, and study the industry—empower yourself before venturing into record deals.

Written By Adesina Kasali