This book helps early-career artists navigate negotiations and contracts and spot red flags
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Negotiating contracts can be sublimely boring, where you could spend hours negotiating three lines in a paragraph regarding the settlement of disputes or some such banal area of human existence. Alternatively, these negotiations can be fun. We were once negotiating an agreement for one of the world’s most famous singers who was performing in Mumbai. The agreement went into details such as how many towels (size and colour specified) had to be placed in the star’s personal toilet, the keys to which had to be given to the star’s manager so no else could access the toilet, etc. Fun stuff, this.
While negotiating contracts for various rights, duties and services connected with the entertainment industry, the following issues should be carefully considered and discussed with your lawyer.
Trust us, we don’t need to put that into the contract
This statement should raise a hundred red flags. I often find people being asked to leave things out of an agreement because the relationship is based on a friendship. However, even in the best-case scenario, and if everything is genuinely above board, there is no harm in setting out that understanding in the contract. It’s not as if the parties are proceeding on a handshake. Since...