I will have to admit the complexity of some contracts are beyond the scope of a blog. There is a reason lawyers are in school for years before they take the actual B.A.R. exams. Nonetheless, you want to have atleast a substantial understanding of business contracts. I talk to artist and I ask them what is you plan what type of deal do you plan on getting. Alot of them don't know what a controlled composition clause is or any other terminology for that matter. They just hear about Jay-Z getting a 10 year 360 deal and they think well Jay-Z is smart I guess I should get a 360 deal. Not understanding everything a 360 deal entails. Make sure all different rates get situated. So you have to be an opportunist the industry consist of mostly opportune timing, and making the right deals. So be prepared take the most profitable that meets your most preeminent standards while simultaneously understanding when to walk away from a everything that glitters ain't gold situation.
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