First right of refusal
A partner gets to match any offer before you accept it elsewhere.
Sounds harmless but slows every negotiation, because other labels know their offer will be shown to a competitor. Limit it by time and by scope.
Use this in your own career
audioglyph.io keeps your press kit, artist page, smart links, contacts, contracts and analytics together, so terms like first right of refusal turn into decisions you can actually track.
More business terms
- A&R
Artists & Repertoire, the person at a label who finds and develops artists.
- Advance
Money paid up front by a label or publisher, recouped from future royalties.
- Recoupment
The process of a label earning back its costs from your royalty share.
- 360 deal
A deal where the label takes a share of income beyond recordings.
- Licensing deal
You keep the masters and license them to a label for a limited period.
- Label manager
The person running a label's day to day operations.