MMI 378 Lecture 1: Module 1 Section 1
24 Aug 2016
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Document Summary
Record making starts w/an agreement between 2 parties. The 2 parties are generally the artist and the record company. Artists typically create a loan out/furnishing company. I. e. bruno mars could make bruno mars llc . The loan out is an entity that furnishes music for the artist and sings the contract with the record company in the artist"s place. Law states that minors are unable to enter into legal agreements. Different state laws deal with this in diff. ways. *contracts are state laws and are dealt with through state courts* The most common law for underage acts states that a lawyer can represent the minor in court. This prevents the minor from disaf rming, i. e. backing out of a recording contract. State laws require a trust account to be created for minors to protect their money until they turn 18. A short contract that covers key details about a recording contract that stands in place of the.
