Back-End: Industry terminology for receiving compensation at a future date when a project or product becomes profitable. Usually entails no "up-front" money to you.
B.M.I.: Broadcast Music. Inc Performing right society; administers affiliated publishers and songwriters performance right in their songs collects fees payable to those publishers and songwriters.
Booking Agent: A person who acts on behalf of an artist to secure gigs performing music in.
Business manager: Person or entity charged who manages your finances and taxes Usually a C.P.A.
Cause of action: The facts that entitle a person having a right to judicial right against another
Composition: Words and music or just music by itself
Corporation: A for profit company that enables your organization to function as a separate business entity with many tax benefits. Many business owners are attracted to the benefits of the "S" Corporation. Consult a C.P.A. for an information session or do research on the web.
Cross Collateralization: A method by which royalties from one album are recouped against advances of another.
Deal: An arrangement or agreement that stipulates the details of any work, partnership, contractual obligation, or expectation for which you are compensated.
Deal Memo: A letter which outlines the major points or aspects of proposed contracts
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