Urgency
3.0 Urgency
The producer may have to compromise on some of these issues but if he is to secure his position in relation to them then he has to do so quickly. It is no good arguing any of these points after the work has been completed; the record company will simply dig in its heels. When the deal memo is circulated it should be accompanied by a request for copies of the relevant extracts from the artist’s recording contract showing the detailed royalty calculation and payment provisions but perhaps indicating that the producer will be willing to accept that his royalties will be calculated in the same manner provided the provisions are reasonable. It is usually a mistake to relax and wait for a response to the memo; there very often will be no response within a sensible time frame. The next stage is to hound all of those concerned. If there is both a lawyer and manager involved then they should both take part in this process.
Further information
Take a copy of our 'Client Guide to Music Industry Agreements' Document.
Download