Whether you’re a new artist or an established one, it’s important to know what you’re getting into when signing a recording contract. A good contract will protect your interests and ensure that you receive royalties for the music you create and release, but the opposite is also true: if the terms aren’t set up correctly in your favor then you could end up losing money while your song is still on the charts. The following sections will discuss some of these issues in more detail so that you can decide whether or not this type of agreement is right for you.
Basic contract terms
A recording contract is an agreement between a record company and an artist. It outlines the terms of their working relationship, including compensation and royalties paid to the artist for their work.
A basic contract should include:
- The name of both parties involved in the agreement (you and your record label)
- A description of what services are being provided by each party (your music being recorded)
- How much money will be paid for those services (royalties)
How to negotiate a recording contract
The first step in negotiating a recording contract is to know what you want. This may seem obvious, but it’s important to be specific about your goals and objectives. For example, if one of your primary goals is to get paid more money at the end of the recording process, then this should be reflected in your contract negotiations.
The next step involves knowing …Selecting A Recording Contract READ MORE