As with most contracts, a record contract can be broken if one of the parties fails to meet the obligations and responsibilities agreed in the contract. For example, the artist or band might not be able to complete recordings within the agreed duration, or the company may not release the album within the agreed period. In such scenarios, termination may be served by the interested party. This paragraph means that the label has the right to create and monetize an artist`s official fan club; However, the artist must have a prior agreement on the « look and feel » of the club. Therefore, the artist will have a creative contribution on the marketing and promotional materials that have been created to promote the club, as well as on the website designs or other publicly disseminated materials that bear the artist`s name. In addition, the clause mentions some of the fan club offers such as exclusive merchandise items, contests and early ticket purchase opportunities. This business agreement is an alternative to the traditional record contract. Under a 360-hour deal, a company typically supports an artist in more areas than in a traditional record deal, provided they receive a percentage of the revenue from those additional sectors. During the first decade of the twenty-first century, revenues from recorded music fell dramatically and profit margins traditionally tied to the recording industry disappeared. The 360 deal reflects the fact that much of a musician`s income now comes from sources other than recorded music, such as live performance and merchandise. Parental consent and guarantee are a document used when a minor (under the age of 18) signs a contract and the party wants a parent or legal guardian to grant both the minor`s consent to the conclusion of the contract and a liability agreement for the performance of the contract. Another common agreement, which falls within the framework of the « multiple rights » that acquires a label, is the one that covers the « collatary » or « accessory » entertainment activities of the artist. This clause applies to all revenue streams that are not covered by other existing agreements between the parties.
As mentioned above, the label imposes on the artist a large number of obligations. Such an obligation is to inform the company of upcoming performances or visits so that the label can create competitions or other exclusive promotions for « supporters` clubs » adapted to these performances. It is advisable to limit the number of performances and « Meet and Greets » related to the promotion of the fan club. as well as the reimbursement of the artist`s « expenses » when replying to the fan mail; An artist should try to ask for some kind of budget to cover or reduce some of his expenses, in order to meet the other requirements of the label, for example. B to create an audiovisual reception or to participate in a fan « Meet and Greet ». Generally speaking, in these situations, an artist enters into a number of separate agreements with separate contractual « advances » covering the entire « 360° » agreement. Like the registration agreements we reviewed at a previous rate, all of these agreements are generally guaranteed between them. This means that all income from different sources of income (e.g.B. recordings, publications, tours, etc.) can be used to offset any advance that the label grants to the artist, instead of the label using the revenues from the edition exclusively to reimburse the publishing contract, etc. . .