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In this video, Damian Keys discusses the changing landscape of record contracts for musicians and the common pitfalls to avoid. He delves into what a record contract entails, the key components within a contract, and provides insights to help artists navigate the process effectively. Keys stresses the importance of understanding the terms and clauses within a contract to prevent potential issues down the line. Despite not being a music industry lawyer, Keys offers valuable advice based on his experience with reviewing numerous record contracts.