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DJ-Igloo
Alter Ego Records A&R

Registered: Jun 2004
Location: United States
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Sep-24-2004 04:23
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Limit
AKA:STEVE QUADRA
Registered: Feb 2004
Location: A State of Trance
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I have always been interested in how this proccess works...so what happens? they send you a contract via mail and you look over it and sign, then send it back? This might sound stupid since its a very simpe process but i realy don't know.
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Sep-24-2004 04:50
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Apyr0us
tranceaddict
Registered: Jun 2004
Location:
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yeah that's about how it seems to work, it's my first time also, so can't see if it is generally done this way 
I do have a lot of relatives and friends of my parents who studied law, and are like highly placed judges, but the problem is, this is rather specialistic, and on top of it, it is international.
So they can help me only a bit. I got an address of some sort of union for artist. I will try that as well, but I thought, it might be good, to hear from other artists too.
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Sep-24-2004 09:16
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Pimp_fu
Senior tranceaddict

Registered: Jun 2004
Location: San Diego, CA
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First off, a deal memo usually isn't a contract per se, its an outline of the contract that they want you to sign.
Secondly, you're not "selling" your track, you're LICENSING it, keep that in mind. If they want you to sell it, tell them to piss off.
Third, find out the following information:
Time period- How long are you licensing it for. NEVER license it in perpetuity, that's just like selling it.
Advance- Are they paying you up front, and if so, how much.
Royalty rate- Percentage points. Are you getting dealer price points or retail points, and how many points?
Territories- Where is the label going to license it. Keep in mind, that if you license it to one label in France, you can license it to other labels in other countries. MAKE THEM GIVE YOU SPECIFICS!!
3rd party rights- Gives the label the right to sub license your track to another label if they can't keep up with production demand.
Remix Approval- Gives you the right to say yes or no to remixes.
Don't sign under your legal name if you can avoid it, sign it with a production alias, that way you're free to license other tracks to other labels
Get a lawyer who to look over the contract no matter what.
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Sep-24-2004 11:12
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Passiva
Ava Mea / Syndique
Registered: Jan 2002
Location: Rotterdam, The Netherlands
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Sep-24-2004 11:52
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Limit
AKA:STEVE QUADRA
Registered: Feb 2004
Location: A State of Trance
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| quote: | Originally posted by Pimp_fu
First off, a deal memo usually isn't a contract per se, its an outline of the contract that they want you to sign.
Secondly, you're not "selling" your track, you're LICENSING it, keep that in mind. If they want you to sell it, tell them to piss off.
Third, find out the following information:
Time period- How long are you licensing it for. NEVER license it in perpetuity, that's just like selling it.
Advance- Are they paying you up front, and if so, how much.
Royalty rate- Percentage points. Are you getting dealer price points or retail points, and how many points?
Territories- Where is the label going to license it. Keep in mind, that if you license it to one label in France, you can license it to other labels in other countries. MAKE THEM GIVE YOU SPECIFICS!!
3rd party rights- Gives the label the right to sub license your track to another label if they can't keep up with production demand.
Remix Approval- Gives you the right to say yes or no to remixes.
Don't sign under your legal name if you can avoid it, sign it with a production alias, that way you're free to license other tracks to other labels
Get a lawyer who to look over the contract no matter what. |
Now that is the Sh*t!! very good info.
Thanks.
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Sep-24-2004 20:39
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Apyr0us
tranceaddict
Registered: Jun 2004
Location:
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Thanks a lot for the info guys!
really appreciated a lot!
also the guys who emailed me, thanks!
greets Mark Sixma
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Sep-25-2004 10:29
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