Eventually in the near future, I want to open my own business. I have wanted to ever since; I was 15 years old and started booking my own shows. I am very much a leader and would love to be my own boss someday. Back then, I didn’t really think about everything that I might encounter when I own my own business. After reviewing the 3 podcasts on iTunesU, I learned some very valuable information that will help me out in the future.
The first podcast I will be discussing is “The Music Law Podcast with Mark Quall” in this podcast he will discuss the information needed when signing an “artist/manager” contract. This was extremely useful information considering one of the main services my company will offer is artist management.
Right off the bat Mark made a really good point about how sure you must be about each other when signing the contract. He said that its almost like “getting married” you must trust each other fully and believe that one another will help each others career. Another great advice point Mark gave was the clause that allows a artist manager to sign other contracts on behalf of the artist. It is called a power of attorney. Though this is awesome there is some restrictions. Some may include a one-night contract for the artist to appear somewhere or play that would be okay. But for a manager wanting to sign something that would require the artist to go on a 3 month long tour that is not all right. Mark gave me a lot of good advice when it comes to signing contracts with an artist. I will be referencing his podcasts in the future when it comes to the point of signing contracts.
The next two podcasts are with Gordon P. Firemark, he does podcasts once a month called the “Entertainment Law Update”. The first podcast I listened to from Gordon is all about copyrights, trademarks, fair use and net profit suits. This is valuable to me in many ways. Copyrights are important for my artists to have and I need to know how to trademark my logo.
Gordon may a big point about artists copyrighting their work before the put it on the Internet. You don’t want to give someone the change to infringe your work before you can get it copyrights on it. It would be horrible to write a hit song, and then only have someone steal that song later on. He said it’s just a small fee so just do it before its too late! If you have a logo that you need to trademark than go through the process of searching if there is anything out there like yours, if not that register it! You want to make sure no one can copy this either. A trademark is important aspect of your company. You want to brand your company as much as possible. Having others know that seeing that certain logo, it is your work, and you get credit for it.
Lastly, in the second podcast Gordon discusses Idea theft. Something that has happened many times to many people, if you have an idea and this idea is worth patents then do it. It may come in to handy later down the line to make sure no one can copy your idea. He said that “idea theft is a tough road” and many have went down this in the past. Make sure your above the competition, and you have good followers so even if others copy you, you’ll still be on top. I learned a lot of valuable information in these podcasts. I will now use these to look back on for information when needed. It will take a lot of hard work to start my company. But I am ready for the long journey.
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