This information is brought to you by Platinum Millennium Publishing & Ty Cohen, the world’s #1 music industry expert. For over a decade Ty Cohen has helped tens of thousands of individuals across the globe, to reach their dreams. He is an International Speaker, Author of over 12 Music Industry related books, Business Talk Radio Show Host and music industry marketing strategist. To find out how he can help you, visit www.MusicBooksByTy.com , www.MusicContracts101.com and www.MusicBizCenter.com
Music Contracts are one of the most important documents you will ever sign. They include a wide range of agreements; ranging from live performances to recording agreements. However they all share something in common. They can make or break your career. If you are not careful the company or club etc. will tip the agreement in their favor and leave you high and dry. Here are some steps to take to protect you from bad deals
- Do not hesitate to get help: If you have any doubts enlist the services of an entertainment lawyer. Or simply employ a manager who knows all about agreements.
- Be sure the Music Contract honors verbal promises: Verbal promises are worthless, however written ones are gold. Be sure to listen to the company representative and be wary if they want to delay putting in a clause or showing your lawyer the agreement. They might be purposely trying to hide a clause by not putting it in writing. This can spell trouble for you and cause you to lose money big time. Whatever is promised should always be in writing so that nobody can go back on their word. What you read is what you get, what you hear is not necessarily so.
- Read the Music Contract carefully: It does require a little knowledge to be sure that you are signing an agreement that will favor you and not the company or club. Never just sign on the dotted line always make sure that you understand each clause that is written in the agreement. After all it is your career and ultimately your money on the line. Companies are impartial they will try to get as much money out of the deal for themselves as possible. To do this they are not above slipping small clauses in to favor themselves. As far as they are concerned they are out to get as much as they can out of the deal even if it means short changing you.
Only when you are satisfied sign the Music Contract: do not let anybody rush you into signing the agreement. This is a very important document and will affect your future. If you allow yourself to be cajoled into signing something without reading it properly the companies can literally steal the entire deal and leave you with nothing. These agreements can change careers overnight and can bring you to the peak of success if you manage them correctly.
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