Maggie Lange, an attorney and Professor of Music Business/Management at Berklee College of Music, describes the major points to be found in a recording contract and what they actually mean for you, the artist, such as: the term of the contract; what your royalty checks will actually contain; and what decisions are taken out of your hands when you sign on the dotted line.
Question: What do you think are the most unfair parts of a traditional record label deal?
Some suggestions: exclusivity, perpetual transfer of copyright, cross-collateralization, controlled composition clause, low royalty rates, packaging deductions.
Let us know what you think in the comments below and we will give someone free copy of All You Need To Know About The Music Business by Donald Passman and distribution of an album so that you can sign yourself! All comments made by November 11th will be considered.