How to understand finance and finance contracts?

For any musician, understand thecontinuesand thesupply contractsis essential to protect your rights and ensure fair income. In this article, we will break down these key concepts and provide guidance on how to register the copyright of your songs in Mexico.

What are musical markers?

Tributes are payments made to rights holders for the use of their created works. In the music industry, petitions are generated in a variety of ways, such as by the reproduction, distribution, and public performance of a song. There are several types of petitions:

• British RoyaltiesPayments for the playback and distribution of recorded music in physical and digital formats.
• Execution RoyaltiesPayments derived from the public performance of a song, either in concerts, radio or television.
• Synchronization RoyaltiesPayments for the use of a song in sync with an image, such as in movies, commercials or video games.

How do friendship contracts work?

Recording contracts are agreements between the musician and a record label or production company that establish the terms for the production, promotion and distribution of the artist's music. Some of the key components of these contracts include:

1. Advances

Record labels often offer advances to artists, which are payments in advance over future. This money is used to finance the recording and can be recovered by the label through the income generated by the music.

2. Construction of the contract

Includes the period during which the label has exclusive rights to produce and distribute the artist's music. This period may vary significantly depending on the agreement.

3. Royalties

The clauses on detail the percentage of income the artist will receive from the sale and distribution of his music. This percentage may vary and is usually subject to negotiation.

4. Property rights

They determine who owns the masters, or original recordings. Some contracts allow the label to own the property, while others may grant these rights to the artist.

Register song copyrights in Mexico

Registering the copyright of your songs is a crucial step to protect your work. Below is a basic process for registering your copyright in Mexico:

1. Prepare documentation

Before recording your songs, you need to have all the necessary documentation, including the lyrics, sheet music and recordings of the songs you wish to record.

2. Access the INDAUTOR

In Mexico, the institution in charge of registering copyrights is the National Institute of Copyright (INDAUTOR). You can access its online registration system to initiate the process.

3. Complete the registration form

Fill out the registration form provided by the INDAUTOR, making sure you include all required information about your work.

4. Pay the corresponding fees

Copyright registration in Mexico costs a fee that varies according to the type of work and the number of songs you wish to register. Once you have completed the payment, send the evidence of this to the form.

5. the application

Send your application together with all the required documentation to the INDAUTOR. You can do it online through their portal or in person at their offices.

Procurement and contract management tips

Getting to know and manage your sponsors and recording contracts can seem complicated at first. Here are some tips for navigating these aspects of the music industry:

• Legal consultancy:Consider hiring a music law lawyer to review your contracts and advise you on how best to protect your rights.
• Continuing education:Stay informed about trends and changes in the music industry. Participate in seminars and read specialized publications.
• Use of platforms:Use reliable platforms for the distribution and promotion of your music.SoundOnis an excellent option for artists looking to grow and monetize their music.

Recovering thecontinuesandsupply contractsis essential for any musician who wants to have a sustainable and successful career. Taking the time to learn about these aspects and correctly register the copyrights on your songs will help protect your work and make sure you receive your well-deserved income. Good luck with your musical journey!