Do you see any problem signing non-exclusive agreements in perpetuity?

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This topic contains 4 replies, has 3 voices, and was last updated by  Walden 2 months, 2 weeks ago.

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  • #32166 Reply

    Walden
    Participant

    Hello All:
    Usually I have signed Non exclusive deals which last usually 3 to 5 years.
    I have a new Library that is ok with no exclusive, but asks for perpetuity. I’m a little worried because these are my best tracks.
    Do you see any kind of disadvantage in signing a contract like that?
    Thanks for your advice.

    #32167 Reply

    Paul Biondi

    hey Walden – one drawback would be limiting your options. You couldn’t remove those tracks for other opportunities (a more desirable deal with an exclusive library, for a film or commercial etc).

    #32178 Reply

    Walden
    Participant

    Thank you Paul Biondi. I will consider the things you mentioned.

    #32179 Reply

    BEATSLINGER
    Participant

    Yes, perpetuity still means a loss of options; even though the tracks are non-exclusive

    If they were alright with doing a non-ex deal. Push, and see if they’ll do a reversion clause..

    #32180 Reply

    Walden
    Participant

    Thank you BEATSLINGER, I just asked for that.

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