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The recording contract series; (part 9) Recoupment
Just imagine the massive outcry that would take place if people working in a factory were told that the cost of the products they were...
20somethingmedia
Sep 11, 20183 min read
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The recording contract series; (part 8) The "promotional copies" scam
The "Promotional copies" scam Importantly, most contracts state that royalties are only paid on records sold. (Alternatively, a certain...
20somethingmedia
Sep 4, 20183 min read
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The recording contract series; (part 7) producer's royalty
Producer's royalty If a third party producer is employed whether by the label or the artist, he will be entitled to a royalty of anything...
20somethingmedia
Aug 28, 20184 min read
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The recording contract series; (part 6) royalties and some classic rip-offs
What should the artist's royalty be worth? When asked, very often an artist will proudly declare that he is "on a 15% royalty" without...
20somethingmedia
Aug 21, 20185 min read
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The recording contract series; (part 5) advances and recording costs
Advances and recording costs In terms of the contract, most artists typically receive an advance (i.e. an up-front payment) on every new...
20somethingmedia
Aug 14, 20184 min read
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The recording contract series; (part 4) exclusivity and territory
Exclusivity The company will undoubtedly insist on being granted, to the exclusion of all others, unlimited and exclusive rights to...
20somethingmedia
Aug 7, 20183 min read
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The recording contract series; (part 3) The product commitment
For many years, industry players spoke about a "singles deal" or an "album deal." This was because, up to about 2000, when the single...
20somethingmedia
Jul 31, 20185 min read
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The recording contract series; (part 2) The term (period) of the agreement
Most recording agreements will provide for an initial period to run from the date of signature. This is called the Principal Term. In the...
20somethingmedia
Jul 24, 20184 min read
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The recording contract series; (part 1) introduction
It's just amazing, the mystique that surrounds "getting signed" by a record company. It is strong - so strong, in fact, that musicians...
20somethingmedia
Jul 17, 20186 min read
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General Principles of Contracts; (part 12) forms of breach
In this segment, I will endeavour to list the names of the different types of breach of contract, just so that you can recognise and...
20somethingmedia
Jun 19, 20183 min read
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General Principles of Contract; (part 11) The implications of breach of contract
Finally, let us look at the legal implications of breaching a valid contract. Obviously, the purpose of a contract is to bind the parties...
20somethingmedia
Jun 12, 20185 min read
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General principles of contracts series; (part 10) The Terms
The terms of the contract are the obligations, conditions and provisions of the contract. Thus, they describe and control the conduct of...
20somethingmedia
Jun 7, 20185 min read
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General principles of contracts series; (part 9) formalities
A "formality" is a procedural requirement, imposed by the law, that has to be adhered to for a contract to be binding. Some examples of...
20somethingmedia
Jun 5, 20182 min read
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General principles of contracts series; (part 8) Legal possibility (continued)
In the previous instalment of the series, we looked at one of two factors that might render a contract legally impossible; being...
20somethingmedia
May 31, 20188 min read
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General principles of contracts series; (part 7) Legal possibility
The fourth requirement for a valid contract is legal possibility. This part of the series is very relevant and important for the music...
20somethingmedia
May 30, 20184 min read
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General principles of contracts series; (part 6) physical possibility
The third requirement for a valid contract is that the contract must be physically possible to perform (failing which it is void). A...
20somethingmedia
May 29, 20183 min read
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General principles of contracts series; (part 5) capacity of the parties
This is the second requirement for a valid contract. For the contract to be binding, the parties must have the legal capacity to bind...
20somethingmedia
May 22, 20187 min read
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General principles of contracts series; (part 4) consensus (offer and acceptance) (continued)
In the previous article, we discussed at length, that the offer and acceptance must be communicated (and this could be done verbally, via...
20somethingmedia
May 17, 20187 min read
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General principles of contracts; (part 3) consensus (offer and acceptance) (continued)
As previously discussed in the second part of the series, there are certain requirements that need to be fulfilled in order for the...
20somethingmedia
May 15, 20189 min read
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General principles of contracts; (part 2) consensus (offer and acceptance)
Let's look at the word "agreement" in the definition (mentioned in the article in part 1 of the series). The most important element on...
20somethingmedia
May 8, 20189 min read
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