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Joined: Dec 2008
Posts: 10,806 Likes: 82
Top 10 Poster
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Top 10 Poster
Joined: Dec 2008
Posts: 10,806 Likes: 82 |
You say the contract is good for one year. Does that mean there is a reversion clause in the contract? If there is a one year reversion clause, you have nothing to lose.
It's also a good sign that they're willing to pay for the demo costs. The 50% deal would be fine with me.
As long as they don't ask for money upfront, and as long as there's a reversion clause (and you own 50% of the publishing), I'd say "go for it".
If you can afford one, consult with a music industry attorney (for peace of mind).
Best, John
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