Easily Hide Option Choice from the Music Recording Contract

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How to Hide Option Choice from the Music Recording Contract

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When a record company exercises an option?

If the record company exercises an option, the band is obligated to produce the album. The options have the effect of locking a band in for six or seven albums (or more if the label rejects an album).

What does an option mean in a record deal?

An option allows the label to extend the Term of the contract. So, if you deliver your first album to the label and they release it, they will have a certain amount of time after the release date to exercise their next option.

What is an option in a record label?

Most deals will specify how many options/albums must be released to complete the contract. The term Option indicates a label is not mandated to release your recordings if they choose not to, whether that decision is based on: creative direction, finances, timing, etc.

How do I get out of a music label contract?

Have a lawyer help you negotiate the contract. Try to limit the term of the contract. The shorter the contract, the sooner you can either leave or renegotiate the contract. Have your lawyer build in some ways to get out of the contract if the relationship goes south or if things dont work out the way you want them to.

Why is a 360 deal bad?

The Onus Is On The Artist And pay the price you will. In a 360 deal, its the label giving your career a cash injection. It doesnt help that they take a percentage of everything you make, but in an instance where they cant recoup costs, youre probably the one going into debt.

What is an option in a music contract?

An option period extends the contract and gives the record label a period of time after the first album is released to decide whether or not it wants to commit to more albums with the recording artist. Options are built into the original deal and are irrevocable for the artist.

Can a record label drop you?

Record labels drop people all the time and thats the important thing to remember as you head into it. However, you dont need to sit back and cross your fingers that nothing goes wrong. Instead, you should be actively taking steps toward trying to ensure that you hold onto what youve earned for yourself.

How many years do record deals last?

The contract period usually runs from six to 12 months after the release of the last recording, the last asset under the contract. The contract period limits the freedom of the artist, because they wont be able to easily move from one label to another.

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