Contract Help Newbie

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  • #32824 Reply
    Vasim
    Participant

    Hi All

    Would love some help if possible.
    I’ve been offered a 100% Writers to me and they take 100% Publishers with a 50/50 Sync Fee split. How does this look to composer who are use to deals.

    This is my first ever offer, so am totally new with some knowing but very little at the same time.

    Thank You

    #32826 Reply
    BEATSLINGER
    Participant

    Would love some help if possible.
    I’ve been offered a 100% Writers to me and they take 100% Publishers with a 50/50 Sync Fee split. How does this look to composer who are use to deals.

    Honestly, I would “Spend The Bread, and “Sit Down” with someone that can really go through the contract with You'”. Certain things “Might” seem the Norm/Typical, but it’s better to really have someone “break everything down and tell you exactly what it means!”

    I figure it will give you an opportunity to gain the knowledge, by knowing the terminology, and “general legalese”. From there, You will “pretty-much” see the same wording in future contracts; and know the gist of things.

    #32827 Reply
    Vasim
    Participant

    Thanks for the info. You just said it all in one really. I’m curious to know anyones experience with xxxx cues. The rating on MLR is the highest I’ve seen.

    #32828 Reply
    Art Munson
    Keymaster

    You just said it all in one really. I’m curious to know anyones experience with xxxx cues. The rating on MLR is the highest I’ve seen.

    If you have a question about a particular library please leave it on it’s listing.

    #32829 Reply
    Vasim
    Participant

    OK sorry about that.

    #32830 Reply
    Paul Biondi
    Guest

    …From there, You will “pretty-much” see the same wording in future contracts; and know the gist of things.

    Totally agree with Beatslinger — you’ll be seeing the same basic sections repeatedly so after a while you’ll be able to quickly spot those aspects you’re looking to a have in a deal as well as those you want to avoid.

    As far as my contract choices, among other things, I always consider the length of the agreement into the decision equation: 1 year, 3 years, 5 years, perpetuity?

    There really is no “right” or “best” deal. A bad deal for one person can be a blessing for someone else. The best deal is the one that meets your needs and is a match for your current situation.

    #32834 Reply
    Atmos_Analog
    Participant

    You might consider joining this community: https://yourmusicyourfuture.com/
    They share information on deals that are fair and good for the future of our craft.

    Atmos

    #32843 Reply
    Vasim
    Participant

    Thanks everyone for the the help. Another question for anyone who’s in the UK, how long does PRS PRO take to confirm a application once they have got it.

    Thanks again.

    #32849 Reply
    Vasim
    Participant

    Does anyone know much about a composer’s music being placed on promo’s for tv like ABC etc is it a good side to be on? What sort of sync fees are we talking, backend if any.

    The reason I’m asking is because ABC promo’s is the libraries main focus.
    Any insight would be great.
    Thanks.

    #32850 Reply
    BEATSLINGER
    Participant

    Does anyone know much about a composer’s music being placed on promo’s for tv like ABC etc is it a good side to be on? What sort of sync fees are we talking, backend if any.

    The reason I’m asking is because ABC promo’s is the libraries main focus.
    Any insight would be great.
    Thanks.

    I guess I’m an “Old Pro at this” so I’m not worried about asking questions.
    Did you simply ask what this entails, and did you do your “research” on the company/library to see what they are currently doing/Relevance? As well, how they are fairing in the market-place?

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