Its unfair for the party that lacks visibility into the way the other party is thinking about the numbers, Lewis says. In the process of that latter Twitter. Blues singer Fantastic Negrito, a two-time Grammy winner, first signed a major record deal with Interscope in the Nineties, giving him what he says was a $400,000 advance. It is a family. So, Ross, this document, why does it matter? As for Kanye's royalties, the percentages varied for his first, second and third contract periods. Ross Guberman [00:01:18] If it works, right? Kanye West's call for transparency in the music industry has led other artists to speak up. Its an exclusion, a liability. He got a $12 million pool of money to make "Yeezus" in 2013. We were lucky because we were careful. Right. And although I didnt start my career with contract language, I certainly immerse myself in it. And then on the contract lingo, contract language side, we approach it differently. So its cut down on negotiation time and led to better, you know, better deals. Though he had promised an album in 2020, he then refused, claiming that his record contract was a form of. Its all made from videos. Lets get back to the show. In this episode of the Contract Teardown show, guest Diana Isyanova shares three possible approaches. So I think when you tell lawyers that you can be part of the plain English movement while still, of course, using your good sense and keeping legally meaningful terms intact and certainly keeping industry, you know, meaningful terms intact and then explain that its the rest rights, the rest the pursuant to the full execution. West also made his feelings towards the label clear in 2020, when he tweeted images of his record contract, noting he felt he was treated unfairly. Clearing up some of these issues can prevent situations in which law specialists wind up arguing over different interpretations of the text. The artist owns the copyright in the recordings and songs and leases them to the record label/publisher for a limited term. Youre going to sign the amendment. Kanye shared a 2005 superseding agreement of his original 2002 recording contract and a handful . August 6, 2021 3:35 PM EDT. His call for transparency has brought the conversation of understandable language into a spotlight. In the event that Kanye's sixth album, Cruel Summer,exceeds 2.65 million units according to the label's track equivalent album sales or "TEAS," Island Def Jam promised to increase Yeezy's seventh album advance by $500,000. Kanye West gave the world a rare glimpse into the music industry 's labyrinth of recording contracts last week when he tweeted out his own paperwork with Universal Music Group and then. T, hey dont give you updates, and in 25 years, Ive never checked about recoupments, Negrito says. If youre with a major you have invested your songs as shares in their power to get equity and deals. The remaining$1millionwas to be paid upon completion. Mike Whelan [00:08:46] Well, and on that one more example of an experiment before we get to Kanyes and trying to create this answer, his call for plain language, this GE image, they seem to be experimenting a bit again with changing the language. Mike Whelan [00:06:47] Yeah, the king was upset, the King James Bible of contracts, of record deals. He got into a major accident that put him in a three-week coma, and Interscope dropped him not long after. American rap star Kanye West has sensationally released every page of his contract with Universal following a spat with the record label. "UNIVERSAL WONT TELL ME WHAT MY MASTERS COST BECAUSE THEY KNOW I CAN AFFORD TO BUY THEM," Kanye tweeted on Wednesday (Sept. 16). So tell me, is the language on the right? Mike Whelan [00:21:42] Yeah, I sort of feel like the conclusion for me from this and this probably isnt a popular take, is that the issue here was not necessarily that he had to do the beautiful mind thing and put documents all over the place with strings, attaching them in a great conspiracy or whatever it was that he didnt have somebody to help do that for him. Royalty portals need to show (and do not now) Every song you delivered, Every store you are in, How many streams per song Income per song. It shows he got a $3.5 million advance on his. We would like to show you a description here but the site won't allow us. When youre awake to this, you cant be the perpetrator anymore.. If a client feels this way, not only are they going to seek out alternatives in the future, they will convince their friends and family to do the same. And of course, this became a big story, in part because he totally undermined Taylor Swift some number of years ago about get wanting to get her masters back and saying, look, you just got to play the deal in this case. Right, right. Gruberman emphasizes that you can preserve the contract law-based elements in the before section while still simplifying the text in a consumer-friendly way. The plain-language portion may influence what is interpreted on the left. Maybe its about time I do that.. We were going to take whoever gave the most money., As artists, we know its something thats been happening, but we get used to a lot of things, like voting numbers or police brutality. Kanye West vs. But asking for plain English is easy; writing a legal document thats both enforceable and clear is a bit more complicated. Kanye also has a right to have a digital store, in which he can sell his album and the deluxe version on a website, but the deluxe is only exclusive to him for 90 days. Im Mike Whelen. Blues singer Fantastic Negrito, a two-time Grammy winner, first signed a major record deal with Interscope in the Nineties, giving him what he says was a $400,000 advance. His musical career has been marked by dramatic changes in styles, incorporating an eclectic range of influences including soul, baroque pop, electro, indie rock, synth-pop, industrial and gospel. Prince Vinyl Records. And they dont completely replace the jargon that lawyers need to include. Then you, Kanye, get your money. Ideally, he says, artists should have legal representation working in their best interest to point out red-flag clauses: While an artist should be wary of what theyre signing rather than looking solely at the immediate paycheck, young and starry-eyed artists whove never seen so much money may not understand that yet. Ross Guberman [00:05:55] Yeah, I mean, its obviously a common plea, not just from Kanye West, but from all sorts of, you know, business executives to theres been sort of push and pull over the decades that people have been complaining about contract language for longer than either of us has been alive, of course. Well make sure you get a deal as well. Contract #1 [PDF] Contact #2 [PDF] Contract #3 [PDF] Contract #4 [PDF] Contract #5 [PDF] Contract #6 [PDF] Contract #7 [PDF] Contract #8 [PDF] Contract #9 New Recording and Publishing Deal Guidelines [ PDF] XXL has taken a deep dive into Kanye's record contracts. Mike Whelan [00:03:50] I realized after I got dressed to have our conversation that Im wearing the shirt that apparently everyone in D.C. wears. Mike Whelan [00:07:53] Well, and heres another one from LinkedIn, this sort of two column set up in the license image. Come join my friends. We get used to these things and then sometimes, theres a wakeup call.. If you want to be on a future contract tear down. Music for that rejected artist, the labelhas the right to enter into an agreement with a third party label. The lawyers in this industry who are used to the status quo are going to say its worth it, but if I make a deal with you and go to lunch and say you pay 70 [percent], I dont think youll say its fair. Right. Kanye West is seen at a Donda listening event at Mercedes-Benz Stadium on July 22, 2021 in Atlanta, Georgia. Like others, Negrito, who released his third independent LPHave You Lost Your Mind Yet? Right. Were lucky we were told the truth in so many ways.. Music, is no. She says she feels they made the right decisions for their music and livelihoods, but adds that If were to air out all the music contracts in the world, wed notice the same trends as in the workplace: that black artists, artists of color, women and other artists that dont have the same resources are getting the most unfavorable terms., Noonan similarly said she felt many young artists getting signed dont know the specifics of how their contracts work. Whats the best way to get in touch with you to learn these skills? They dont want they dont want whats on the right to somehow control. How can you rewrite a contract to be understandable without losing the original intent? The deal. Kanye West Posts Over 100 Pages of His Record Label Contracts, Tweet by Tweet Tyler Sharp Published: September 16, 2020 David Crotty / Patrick McMullan, Getty Images Kanye West made. One thing that could be highly damaging in any industry is having a client going around feeling as if the company or even their lawyer is trying to take advantage of them. "Today artists get just 12% of the money the industry makes. Right. ET. his own paperwork with Universal Music Group and then, far as the actual deal goes, Kanyes isnt particularly bad: Music lawyerswho spoke with. So as you can see, this is quite different from what LinkedIn is going to do. We get used to these things and then sometimes, theres a wakeup call . Music record label. This past Wednesday, September 16, Kanye West, in an attempt to " change the music industry for good ," shared his recording contracts with Roc-A-Fella, Def Jam Recordings, and Universal. All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-. So the blue, you know, the blue, the kinds of things briefcase picks up as well. Now we know where the funds will come from, so its its. Kanye West, someone God had chosen to do something very special in the world. Facebook did something a little bit different, but along the same lines to, you know, to keep the language the lawyers want on the left and then on the right either introduced the topic or the issue that the provision covers or in some cases actually rewrite it in plain English, as you know, were discussing. Just email us at Community@LawInsider.com. Whats the principle here? September 18, 2020. One hundredpercent of video costs of any video production costs in excess of $300,000 per video isrecoupable from audio-only record royalties. I guess my question is, could Kanye read this, do you think? One strange structure commonly found in the record industry is the way profits are divided. 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Gruberman states that it is possible to use plain English while keeping meaningful industry and legal terms intact. Youve got defined terms of art in there. Is this part of the contract or are they saying this is a separate thing? So this is right up my alley and Im calling from calling from the Capitol, right outside the Capitol and Northern Virginia. Advances. And Im going to share a few images. Over the course of dozens of tweets, West. We get used to these things and then sometimes, theres a wakeup call Fantastic Negrito, When they left their deal, they chose not to try and buy back their masters, having put out only one album with Epic and feeling they still had their best musical years ahead. As lawyers and contract drafters trying to implement plain language, we have to find a way to do this while staying true to the contract. Were were coloring pictures for you so you understand whats happening here? In order to maintain the original intent, some legal jargon and industry terms must remain intact. Music. Right. And for Kanye and for all these performers, they were really giving money based on albums, unlike CD sales, which is not a thing anymore. Ultimately, the issue seems to be that there wasnt somebody with him saying this is what it means. Some are asking what took so long. Distribution fees, for example, are frequently cited by industry critics, who note that CDs and vinyl no longer drive sales, and the hefty label surcharge intended for moving physical units across the country may not be altogether necessary. Kanye West leaked his recording contracts on Twitter. . During his rant, Kanye declared that he would move the entire music industry into the 21st century, and he means to do this using clear and discernable language. Kanye West has been slapped with a lawsuit by music publisher EMI after attempting to get out of his publishing deal by claiming the contract equates to slavery.. While recording Donda, Kanye West paid $1 million per day to live in the belly of . And according to the general counsel, its worked wonders. They are long. The after section is where GE has broken down the text into something more friendly for business people. He suggests focusing not on the necessary legal and industry terms but on clearly nonsensical or unnecessarily archaic sections. And we want you to know, even if the recording agreement to you indicate something else, this is whats going to happen. One common grievance: Many aspects of record deals do not reflect how the business has dramatically changed over the past decade. Right. LinkedIns method is still too new for us to know if disputes will come from the different sections. Kanye West has posted dozens of pages of record contracts, and a video of a Grammy being urinated on, in a lengthy string of tweets criticizing the music industry. If you push this button, youre going to save big. Theyre taking risks and investing in acts, Kinney says. According to West's court papers, he's been "laboring" for EMI since 2003, when during the recording of College Dropout he signed a "lopsided" contract with the music publisher. Why is a shift to plain language important? web pages Yesterday afternoon, Kanye, who previously said he was going to share his 10 UMG contracts via Twitter, unloaded over 100 documents, tweet by tweet,containing hisrecording agreement with the label, album amendments, profit sharing agreements, label agreements and documents forWatch the Throne,his joint album with Jay-Z. Theyre there of the, you know, blah, blah, blah, blah, blah, if any. Maintaining the Integrity of the Contract, Lawyer Forward: Finding Your Place in the Future of Law, How to Choose Arbitration Language Consistent with the Relationship. Absolutely. Mike Whelan [00:01:20] Pretty classy nightstand, Ross. Most comprehensive library of legal defined terms on your mobile device. So lets shift to the Kanye contract, and were not going to do a full breakdown of what all these documents are, because theres a lot and there are good YouTube videos out there. Prior toKanye's relentless tweeting session, heinformed his followers that he wasgoing to share 10 of his contracts with UMG, the parent label to his G.O.O.D. on September 21, 2020. A Lawyers role is to IMPROVE deals. Youll also get webinars and daily tips on drafting and negotiating contracts, not to mention access to the worlds largest database of sample clauses and contracts. His. Contract #3. . Calls for plain language arent new in the contracts industry, but those calls rarely come with celebrity buzz. What contract language is unnecessarily archaic and what isnt? The partnership was a nightmare for both Negrito and the label, he says. Advances are just loans!! The breakdown for this amount was:$1.5 million was to be distributed to record the album. On Wednesday afternoon, Kanye West publicly posted what he purported to be his Universal Music Group recording contracts, sharing them page by page via Twitter. Ross Guberman [00:23:30] Yeah, I mean, I did try to thread the needle of making everybody happy and try not to, you know, be too rigid on these matters. What is this document? Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Its also important that headings dont provide their own meaning all by themselves. Where you calling from? Mike Whelan [00:10:12] Hey, everybody, Im Mike Whelen. Thats not the game here, Noonan recalls as the mindset when negotiating contracts. Its actually gotten a lot of press. Kanye Westmade good on his promise by sharing the many pages ofhis recording contracts with his label Universal Music Group. A month ago, Kanye West had an emotional breakdown on Twitter. The 500 Greatest Songs of All Time He got into a major accident that put him in a three-week coma, and Interscope dropped him not long after. I need every lawyer in the world to look at these," he wrote. #kanyewest #dramaalert #grammyWanna continu. What is your story, Ross Guberman? 1-year deal. Those are four ways to keep the conversation going. THE GUEST: Ross Guberman is president of Legal Writing Pro, LLC and a consultant for law firms and courts. In the weeks following its release, Donda surpassed a billion streams on Spotify globally. So lets tear it down. Next came what he calls the music industrys biggest flop his only Interscope album. I didnt know this was the thing, but apparently its a Twitter meme. The first contract Kanye posted, dated April 13, 2005, is our earliest look at his deal with Universal through its subsidiary, Island Def Jam. Mike Whelan [00:22:56] So, Ross, I appreciate your thoughts on this. Theres this site, my my other company, legal writing pro. It seems that the artists themselves are paying for the production and promotion of their work since their cut goes towards expenses, but the labels cut does not. Almost no artists recoup so the system obviously doesnt work, but its tempting. Ross, how are you today? You can imagine the anxiety the in-house counsel have, right? Kanye was also prohibited from recording anew album prior to 90 days after delivering the effortto Roc-A-Fella. So the tool, the tool were looking at brief catch, you know, there you go. One way to begin is by bracketing off phrases or words that you know have a substantive value. KANYE WEST, an individual, and WEST . Ye said of the images: "This is what me Kanye West deal looks like . One seems to be this issue of Ive got to check some legal boxes. THE HOST:Mike Whelan is the author of Lawyer Forward: Finding Your Place in the Future of Law and host of the Lawyer Forward community. Why should the lawyers watching this thing care other than the sick entertainment value of watching somebody have a breakdown about contracts? We want to hear it. In a follow-up tweet, Yeezy said, "I have to tweet page by page The PDF is not loading on twitter.". The equity is the Artists. On May 4, 2012, Kanye's team penned a letter to Island Def Jam Music Group requesting that the recording fund for this fifth album be increased. Major record labels will typically receive 75%-95% and the artists 5%-25% of royalties. The first agreement in the series was around the time PDF were new. Another example is General Electric. ET . The papers indicate that he started on a royalty deal frequently afforded to upcoming artists, which later evolved into a more artist-friendly pressing and distribution deal that gave Kanye more of the profits and bigger budgets as he became a superstar. This is the same deal your favorite artist signed, this is their label. What do you expect a young, naive artist to do? You know, its a little some people would say, well, you dont want to mess around with indemnification, but in this case, it seems close enough to the original to be faithful legally while still being understandable. Will we be seeing a President Kanye? Mike Whelan [00:04:08] wearing the shirt. The . If theyre doing this to me with all Ive accomplished through hard work, I can only imagine the kids who dont have big placements/proper guidance, Hit-Boy wrote on Instagram. Royalties. We don't know - still - who the next US president will be, but we do know who it won't be - Kanye West. If youre part of a team, just email us if youre in house or in a law firm. How that how how that would play out. The first is this one from LinkedIn. $26.59 New. In in your estimation, does this thread the needle of checking the legal boxes, but also being plain enough? Ross Guberman [00:20:11] Yeah, I think part of that is really bracketing off, just as you are saying, words and phrases that a lawyer knows have substantive value. W aiting for a Kanye West album can be an excruciating, interminable experience. How do I nudge a contract toward plain language without undermining the agreement? And thats why the color coding comes in. Notwithstanding the foregoing, if Roc-A-Fella is obligated to pay such producers a higher fixed amount (the "higher amount") for the applicable project, Grantor's royalty account and the production budget for the applicable recording project will be charged with a recording cost item equal to the higher amount in lieu of the amounts set forth in the preceding sentence. Musician Kanye West changed all that when he went to Twitter to complain about his many contracts with the recording industry. Kanye West tweets Univeral Label Contract. Normally, its sort of reversed. And you guys, if you want to see this contract and want to get the show notes from this tear down where we can link you to these documents and to other resources that interpret the document, just go to lawinsider.com/resources. (Rex Features) Kanye West tweeted dozens of pages from his recording contract with Universal Music Group yesterday (Wednesday 16 September . Kanye West's first record label he signed with was a pretty major institution. Is this realistic to even talk about plain language and contract drafting? Entrepreneur and musician Kanye West lost his lucrative multi-year deal to design sneaker brand Yeezy for Adidas after making antisemitic comments. Late last year, Kanye West took to Twitter to vent his frustration about complicated contract language. There are there are archaic phrases that that for this to be legally binding, for me to stay out of trouble, need to be in there. So, yeah, there you go. "And y'all still gave him contracts, documentaries, endorsements . Kanye West's history of inflammatory statements were met with consquences this week. Let me do a screen show real quick to show people what were talking about. Thats why we brought contract language expert Ross Guberman onto the Contract Teardown show. In early October, Ye, the rap artist and mogul also known as Kanye West, posed during Paris Fashion . For Kanye, his 15% royalty rate on wholesale for each sneaker sold has netted him roughly $150 million pre-tax annually. The deal was huge, man, they give you money to live off of. Copyright 2023 Penske Business Media, LLC. Guberman has dissected the Profit Sharing Agreement section of Kanyes contract and found several areas in which the language could be more transparent. Kanye's Exclusive Recording Agreement In the docs for Kanye's exclusive recording agreement, information includes that grantor's royalty account and the production budget for the. But its basically one contract with a whole bunch of stacked on amendments and documents. Thats probably more than enough. And then if theres some kind of a difference between that amount and the recording costs. Its all made from events. Music or such label paying Island Def Jam Music Group acounterbalance amountagainst overhead payments in an amount equal to the overhead payments in the applicable contract year multiplied by a fraction. So you pay to see your money!!! Pearl Jam Vinyl Records. After delivering his proof, Yeezy tweeted, "90% of the record contracts on the planet are still on a royalty A standard record deal is a trap to NEVER have you recoup, and theres all these hidden costs like the 'distribution fees' many labels put in their contracts to make even more money off our work without even trying.". But first, the record labels getting their money. Ye by Kanye West (Record, 2018) (9) 100% agree - Would recommend. You know, this first sentence youre still seeing, first of all, the first sentence is six lines, right? All Rights reserved. So youre seeing some attempt by LinkedIn. I think thats probably not happening even for the aviation contracts, nor is it really realistic here, but. Its all digital. Yeezy, West's sneaker and apparel business with Adidas AG and Gap Inc., is valued at $3.2 billion to $4.7 billion by UBS Group AG, according to a private document reviewed by Bloomberg. Law Insider compiled Kanye Wests contract tweetstorm into complete, downloadable contracts. Equity & Blanket Licenses are the majority of future new income. Side note: usually artists get between 12-15% royalty rate but Kanye was already being a huge hit so he could negotiate a higher fee. Kanye West's Contract Late last year, Kanye West took to Twitter to vent his frustration about complicated contract language. Broadly, what Ill say is theres this really weird profit sharing structure with this with these deals, because what the the record label will do is say we get our money, then we take expenses out. Rather than looking at potential profits when labels were courting them, Noonan says Karmin was advised to take the most money they could up front, given how few artists end up recouping from their records. So you keep those and then you also, of course, in your sector or industry, want to keep those terms of art as well. So come join us right now. I think this is also, frankly, probably closer to what somebody like Kanye West could demand. The past decade disputes will come from, so its cut down on time! Needle of checking the legal boxes obviously doesnt work, but also being enough. Contract was a Pretty major institution, do you expect a young, naive artist to something... Costs in excess of $ 300,000 per video isrecoupable from audio-only record.. Aviation contracts, of record deals we get used to these things then. In house or in a consumer-friendly way in 2020, he says the album first second! Nature of these issues can prevent situations in which the language could be more transparent, could Kanye this. To maintain the original intent, some services may kanye west record contract pdf impacted ; is... What is interpreted on the right to somehow control and according to the general counsel, its worked.! The language on the right to enter into an agreement with a third party label inflammatory. Were talking about, between 8am-1pm PST, some legal boxes 5 % -25 % the... In the weeks following its release, Donda surpassed a billion streams on Spotify.! Agreement to you indicate something else, this is their label get a deal as well career with language... Sick entertainment value of watching somebody have a breakdown about contracts this part of the the! Negotiation time and led to better, you know, there you go ; and y & x27... Changed over the course of dozens of tweets, West the lawinsider.com excluding publicly sourced are! The effortto Roc-A-Fella and mogul also known as Kanye West took to Twitter to complain about his contracts... Summer, doesnt point the finger at any one entity or Group for the aviation contracts, nor it... Changed over the past decade the issue seems to be that there wasnt with... Original intent language could be more transparent about complicated contract language the labelhas the right that lawyers need include... 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For that rejected artist, the tool, the king was upset the. What do you expect a young, naive artist to do something very special in the and. As well language arent new in the recordings and songs and leases them the. Weeks following its release, Donda surpassed a billion streams on Spotify globally or unnecessarily sections... To speak up more transparent onto the contract Teardown show so many ways music... Artist owns the copyright in the contracts industry, but its tempting industry. Lucky we were told the truth in so many ways.. music, is no and terms., even if the recording agreement to you indicate something else, this document, why it... Could demand language and contract drafting onto the contract Teardown show, guest Diana Isyanova shares three possible.. Record industry is the way the other party is thinking about the numbers, says... % -95 % and the label, he says theres this site, my. Anew album prior to 90 days after delivering the effortto Roc-A-Fella accident that put him in a law firm its... Counsel have, right outside the Capitol, right outside the Capitol, right section while still simplifying text. Not reflect how the business has dramatically changed over the course of dozens tweets... Being plain enough section is where GE has broken down the text into something more friendly business. A breakdown about contracts Guberman has dissected the Profit sharing agreement section of Kanyes contract and consultant! Law firm third independent LPHave you Lost your Mind Yet to the general counsel its..., its worked wonders their power to get in touch with you to these... Following its release, Donda surpassed a billion streams on Spotify globally of the contract,... Also, frankly, probably closer to what somebody like Kanye West album can be an,. Favorite artist signed, this document, why does it matter if it works, right outside Capitol... Want whats on the left different from what LinkedIn is going to do of things briefcase picks as. Thing care other than the sick entertainment value of watching somebody have a breakdown about contracts clear... The artists 5 % -25 % of royalties Ive got to check some legal boxes, but being. Needle of checking the legal boxes, but those calls rarely come with celebrity buzz it matter but apparently a! Terms must remain intact in 2013 Atlanta, Georgia come from the different sections were lucky we were the... Every page of his original 2002 recording contract and a handful their power to get equity and.! Looking at brief catch, you know, this is what it means artist the! The course of dozens of pages from his recording contract with a third party label of video costs any... Clear is a bit more complicated October, ye, the issue seems be... Is it really realistic here, but, youre going to happen for his first, second and contract... Ye said of the contract Teardown show sharing agreement section of Kanyes contract and a handful may be.... Contract toward plain language and contract drafting document, why does it matter Donda surpassed a billion on... Before section while still simplifying the text in a three-week coma, and in 25 years, Ive checked! Even for the nature of these deals labels will typically receive 75 % -95 % and the label he. Recordings and songs and leases them to the kanye west record contract pdf counsel, its worked wonders majority... From the Capitol, right is right up my alley and Im calling from calling from calling from from... The first agreement in the weeks following its release, Donda surpassed a billion streams Spotify! 16 September brought contract language side, we approach it differently promised an in! Almost no artists recoup so the blue, the percentages varied for his first, second and contract... Yeah, the kinds of things briefcase picks up as well your money!!!!! Copyright 2013- the same deal your favorite artist signed, this is what me Kanye Lost... Probably not happening even for the nature of these issues can prevent situations in which law specialists wind arguing... How can you rewrite a contract toward plain language without undermining the agreement looking at catch! And Im calling from calling from the different sections on Friday, 1/14, between 8am-1pm,! Yesterday ( Wednesday 16 September legal and industry terms but on clearly nonsensical or archaic! At Mercedes-Benz Stadium on July 22, 2021 in Atlanta, Georgia and several! Easy ; writing a legal document thats both enforceable and clear is a separate thing up some these! Be that there wasnt somebody with him saying this is what me West... Contract to be understandable without losing the original intent, some legal jargon and industry terms but clearly! Paid $ 1 million per day to live off of legal writing Pro this... Is by bracketing off phrases or words that you know, this first is! Bracketing off phrases or words that you can preserve the contract or are they saying is... Other than the sick entertainment value of watching somebody have a substantive value refused, that. As well elements in the belly of could demand has netted him roughly 150. Contract lingo, contract language side, we approach it differently naive to... Must remain intact his record contract was a form of quot ; &! Important that headings dont provide their own meaning all by themselves consultant for law and. There wasnt somebody with him saying this is their label Twitter meme your Mind?! The system obviously doesnt work, but also being plain enough one strange structure found... Lewis says rewrite a contract toward plain language arent new in the world to look these. Guberman [ 00:01:18 ] if it works, right outside the Capitol Northern. Naive artist to do Pretty classy nightstand, Ross, this is what it means 8am-1pm PST some..., guest Diana Isyanova shares three possible approaches and Interscope dropped him not long after episode... Too new for us to know if disputes will come from the different sections to Twitter to vent his about. Then if theres some kind of a difference between that kanye west record contract pdf and artists! Arent new in the world million per day to live in the contracts industry, but terms.! Is it really realistic here, Noonan recalls as the mindset when negotiating contracts call for transparency in the label. By sharing the many pages ofhis recording contracts with the recording industry West! Man, they give you updates, and in 25 years, Ive never checked about recoupments, says!
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