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2025-01-14 11:54:25

DØ Yöu KnØw

Rema recently completed his initial 5-year contract with Mavin Records & Jonzing World and re-signed before releasing Benin Boys with Shallipopi last year.
It’s possible that he triggered the extension clause in his original contract, which is why he’s still with both labels.

Even after achieving so much success, Omah Lay is still signed to Keyqaad, a label he joined in 2020.

Why do these artists choose to stay with their labels even after they’ve become successful?
Are they getting significant value from the label, or is there more to it?

That’s our topic for discussion today.

RECORD DEAL CLAUSES EVERY UNKNOWN ARTIST SHOULD DEMAND BEFORE SIGNING A RECORD DEAL (WITH REALISTIC COMPROMISES) - Part 2

The lesson began on Monday, 6th January 2025.
You can visit my wall to catch up on Part 1.

2. Term and Options (Contract Duration)

Explanation:
The term refers to how long the contract will last, usually measured by the number of albums an artist must deliver within a specific timeframe.

For labels, long-term contracts are beneficial, especially if an artist becomes successful quickly. The label can easily recoup its investment and start making a profit almost immediately. In such cases, a long-term deal can be a win-win situation for both parties.

However, if a label doesn’t invest heavily in an artist, a long-term deal can work against the artist. It can tie down their career and limit their opportunities to explore better options.

For a new artist, shorter contracts offer more flexibility. You don’t know how things will play out, so a shorter term is safer. However, labels often insist on longer contracts during negotiations.

Realistic Compromise:

Agree to a 2-3 album deal over 3 years or less with options for extensions.

However, ensure that the extension clause is performance-based — meaning the label must meet certain goals to trigger the extension. If the goals are not met, both parties can walk away immediately after the initial term.

For example:

The label must invest a specific amount in your promotion and marketing within that period.

If the label fails to achieve these milestones, you can renegotiate or leave.

This protects both parties and ensures the label is motivated to prioritize your growth.

Why This Matters:

Without a clear and fair term clause, you risk being locked into a contract that doesn’t serve your long-term career goals. Always negotiate terms that allow you to retain some control over your future.

Final Thoughts:

Contracts are like marriage — if the foundation isn’t solid, you’ll struggle to break free when things go wrong.
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DØ Yöu KnØw ⁉️ ⁉️ 🚨 Rema recently completed his initial 5-year contract with Mavin Records & Jonzing World and re-signed before releasing Benin Boys with Shallipopi last year. It’s possible that he triggered the extension clause in his original contract, which is why he’s still with both labels. Even after achieving so much success, Omah Lay is still signed to Keyqaad, a label he joined in 2020. Why do these artists choose to stay with their labels even after they’ve become successful? Are they getting significant value from the label, or is there more to it? That’s our topic for discussion today. RECORD DEAL CLAUSES EVERY UNKNOWN ARTIST SHOULD DEMAND BEFORE SIGNING A RECORD DEAL (WITH REALISTIC COMPROMISES) - Part 2 The lesson began on Monday, 6th January 2025. You can visit my wall to catch up on Part 1. 2. Term and Options (Contract Duration) Explanation: The term refers to how long the contract will last, usually measured by the number of albums an artist must deliver within a specific timeframe. For labels, long-term contracts are beneficial, especially if an artist becomes successful quickly. The label can easily recoup its investment and start making a profit almost immediately. In such cases, a long-term deal can be a win-win situation for both parties. However, if a label doesn’t invest heavily in an artist, a long-term deal can work against the artist. It can tie down their career and limit their opportunities to explore better options. For a new artist, shorter contracts offer more flexibility. You don’t know how things will play out, so a shorter term is safer. However, labels often insist on longer contracts during negotiations. Realistic Compromise: Agree to a 2-3 album deal over 3 years or less with options for extensions. However, ensure that the extension clause is performance-based — meaning the label must meet certain goals to trigger the extension. If the goals are not met, both parties can walk away immediately after the initial term. For example: The label must invest a specific amount in your promotion and marketing within that period. If the label fails to achieve these milestones, you can renegotiate or leave. This protects both parties and ensures the label is motivated to prioritize your growth. Why This Matters: Without a clear and fair term clause, you risk being locked into a contract that doesn’t serve your long-term career goals. Always negotiate terms that allow you to retain some control over your future. 📌Final Thoughts: Contracts are like marriage — if the foundation isn’t solid, you’ll struggle to break free when things go wrong. Copied

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