| Quick guide to record contracts.The
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| | little) you are likely to
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| following is intended to be an
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| | receive.Typically, record companies will
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| introduction to the main points to be
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| | pay for studio time and promotion, and
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| aware of with recording contracts, but we
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| | may give the band an advance. The money
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| would always advise you to have a
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| | for all of this is a loan which the band
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| solicitor with experience in this area to
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| | pays back out of their royalties. Once
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| help you negotiate your contract.A record
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| | you sell enough to pay back the record
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| contract is an 'exclusive' agreement.A
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| | label, you will receive royalties on
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| record contract is an exclusive
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| | future record sales. This means, that
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| agreement, this means that you agree not
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| | unless the band is successful enough for
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| to make recording for anyone other than
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| | the royalties to cover cost and the
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| the record company for the term of the
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| | advance, they will not receive any money,
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| contract.
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| | likewise the record company will stand to
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| The record company decides if the music
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| | loose the money they invested in costs
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| is releasedYou should note that a
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| | and/or advances if the sales do not cover
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| recording contract is not a guarantee to
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| | these costs.Copyright.You should always
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| release, whether the music is released or
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| | retain copyright to the musical work
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| not will depends on whether the company
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| | itself, though in the contract you will
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| believes it is commercial viable.If your
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| | licence certain rights to the record
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| contract is for a number of albums, this
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| | company, to enable them to manufacture,
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| is the number of albums that you are tied
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| | distribute and sell your work on your
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| to the company for. For example, if you
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| | behalf.For musical works copyright can
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| have a five album contract, and your
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| | exist separately in a sound recording
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| first album is a failure the company can
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| | (phonographic right), and in some
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| drop you. If on the other hand, the band
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| | instances, copyright to the master
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| is a commercial success, the band must
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| | recordings may also be owned by the
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| remain with the company. Since the record
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| | company.
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| company has already invested in the band,
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| | Other types of contractBesides the
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| they want to ensure a suitable return on
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| | standard record production deal, there
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| their investment if the band is
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| | are also licensing contracts, where the
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| successful.Royalties.The terms and
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| | you fund the majority of the costs
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| conditions covering royalties will form a
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| | independently and simply grant the
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| major part of the contract. Royalties can
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| | company the rights to manufacture,
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| be based on either the wholesale price,
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| | distribute and sell agreed recordings.
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| or the standard retail selling price, and
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| | This gives the band more control and the
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| as a rule your royalty percentage is also
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| | royalty rate should be higher, but there
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| reduced for sales where the product is
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| | is unlikely to be a major budget to
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| discounted. You may also find that the
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| | promote the album. Some of the smaller
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| costs of production, manufacture and
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| | independent labels also offer profit
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| packaging are also deducted from the
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| | split the profits, after any expenditure
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| royalty figure.If you have a good
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| | with the artist.Recommended
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| solicitor representing you, he will
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| | Resources:UKCS Music copyright
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| probably be able to provide you with
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| | factsheet Recording contract page at
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| calculations to determine how much (or
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| | vocalist.org.
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