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The Importance of Vigilance in Music Contracts: A Guide for Musicians

September 24, 2024
Esther Korantemaa Offeiby Esther Korantemaa Offei
in Entertainment
0
The Importance of Vigilance in Music Contracts: A Guide for Musicians

MIB

In the ever-evolving landscape of the music industry, artists face numerous challenges, not least navigating the complex world of contracts, whether an emerging artist or an established musician, understanding the intricacies of contracts is crucial to protecting their rights, finances, and creative output.

Gospel artist, Dr. Sonnie Badu has expressed concerns about the royalty system in Ghana, advising fellow musicians to carefully review contracts before signing. He questioned the current framework, stating, he doesn’t think it should be called royalties.

Dr. Badu stressed the importance of understanding the details of contracts to prevent exploitation. What are the terms and conditions before you signed with them? Before you signed with them, what did they tell you was going to happen?

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He recalled turning down contracts from Ghana, anticipating potential negative outcomes. He made reference to gospel musician Joyce Blessing, who recently revealed she received only 1,200 Ghana cedis in royalties after a decade in the industry.

In an exclusive interview with the Vaultz News, Ghanaian artist, Bismark Paapa Amponsah, popularly known as MIB in the entertainment industry, has revealed that Dr. Sonnie Badu’s advice is timely and crucial.

According to him, carefully reviewing contracts protects musicians from exploitation, ensures fair compensation, and safeguards their creative rights, adding that it’s essential for artists to understand the terms, conditions, and implications of signing a contract.

MIB also disclosed how the Ghanaian music industry can address inadequate compensation to artists.

“Ghanaian music industry should implement transparent royalty payment systems, establish standardized contract templates, provide education and resources on music law and contracts, encourage collective bargaining and unionization, foster collaboration between artists, industry stakeholders, and government agencies.”

MIB

The artist maintained that while contracts can provide benefits like financial support and exposure, artists should prioritize caution.

The music industry is rife with opportunities, but it is also fraught with potential pitfalls. Contracts are the legal backbone of any professional relationship in this field, governing everything from recording deals to performance agreements, licensing, and distribution.

However, many musicians, especially those new to the industry, do not fully grasp the implications of the agreements they sign.

Musicians Protecting Themselves

mib 2
MIB

Artists are urged to take the time to learn about the different types of contracts they may encounter. There are numerous resources available, including books, online courses, and industry seminars.

Consider always hiring a music attorney or a professional with experience in music contracts. They provide invaluable advice and help artists understand the nuances of any agreement.

According to MIB, music attorneys or professionals with experience in music contracts can interpret the complex contract language, identify potential pitfalls and negotiate better terms, protect artists’ creative and financial interests, and provide valuable industry insights and guidance.

“Don’t accept the first offer without negotiation. Many terms in contracts are flexible, and it’s essential to advocate for your rights and interests,” he added.

He further noted that artists can protect their creative legacy by registering their work with relevant copyright organizations and maintaining ownership and control of their intellectual property.

His additional suggestions to artists are artists should establish clear goals and objectives before signing contracts and they should consider alternative revenue streams (e.g., merchandising, live performances).

In the dynamic world of music, contracts are a necessary part of building a successful career. However, they are also the source of confusion and potential exploitation.

Musicians must be vigilant when entering into agreements, ensuring they understand the terms and implications of each contract.

By educating themselves, seeking professional advice, and advocating for their interests, artists navigate the complexities of the music industry with confidence and protect their creative legacy. In the world of music, knowledge is power, and vigilance is key to a sustainable and successful career.

READ ALSO: Prof. Charles Adabo Oppong Addresses Concerns on CETAG Strike

Tags: MIBmusic contractsmusicianspotential pitfallsroyalty system
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