Deal Memos might precede an Exclusive Recording Artist Agreement. Deal Memos are primarily intended to eschew protracted, costly and often futile negotiations and instead establish contractual relationships between artist and recording company. Deal Memo might further the interests of both parties. If the recoding studio longs to take advantage of the artist, the Deal Memo would provide a vehicle. If the artist longs to ascertain if and when they will be paid, the Deal Memo might provide for such mechanism. This article seeks to explore, to some extent, SOME of the salient provisions of such Deal Memo.
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