Territory (contract term)
The geographic area a contract covers.
Can be the world, a single country or a region. Splitting territories lets you sign different partners in different markets, but adds accounting and delivery work.
Use this in your own career
audioglyph.io keeps your press kit, artist page, smart links, contacts, contracts and analytics together, so terms like territory (contract term) 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.