Tuesday, May 26, 2009

Contracts/Recording Agreements

Contracts/Recording Agreements are legal binding written documents between a recording artist and a recording company or a production company.
The agreements are a collective of 'collection of rights', 'obligation', 'rules', and 'restrictions' for both of the parties.

The Music Industry depends on contracts. That is the one thing that gives the music industry some order.

“We need that (contractual) guarantee so that artists that are successful will continue making records for us, and we can reinvest those profits in new artists. It’s important that everyone respects the sanctity of the contracts, otherwise there would be chaos.” (Ellis.T, 1996)

Sometimes, artist signed the contracts themselves without any legal support. They were probably eager to strike a deal with a recording company, but with no legal knowledge, they are actually putting themselves at a disadvantage. Agreements and contracts will always be in favour of the recording companies instead of the artists.

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