How do I go about bargaining a fair contract?
The key to bargaining a fair contract in the field of entertainment law in Washington is to be informed. Before entering the negotiation room, make sure you know the ins and outs of the contract you are about to sign. Familiarize yourself with the industry-standard contracts used for different types of entertainment services, such as music production deals or management contracts. Research similar contracts in the past to get a better idea of what would be a reasonable arrangement. When the negotiation starts, keep your long-term goals in mind. Consider not only the current contract, but also the future implications of certain terms and conditions. For example, it is important to know if you would be owed royalties after the contract ends, or if there are exclusive rights that you should not sign away. Make sure you understand the language being used. If there is a term that you do not understand, ask for clarification. Do not accept any agreement until you are comfortable with the details and understand how the contract works. Finally, if the other party is not willing to negotiate in good faith, there is no point in continuing. If you feel the other party is taking advantage of you, it is best to walk away.
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