Yet even though Kanyes deal may not make him the ideal poster child for a conversation on the fairness of recording contracts, hes sparked a high level of discussion among artists and music-business insiders on the nature of record deals and long-held standards. I need every lawyer in the world to look at these," he wrote. Youll get access to more content like this. Every audio file, every asset, every deal stored WITH the money. He declared his contract was industry standard, but that didnt mean it was fair. West made about a 100 posts and shared screenshots of pages from his recording contract. So we know recouped doesnt mean the same thing. Artists re-signing these stops. The rapper and his team signed an agreement on January 5 with the venue for a 25-day rental totaling $125,000, expenses of $20,000, and four new office chairs for $813, the lawsuit says. Kanye West is at war with the music industry over the ownership of masters and unfair contracts. Whats your background? Wests contract could even be considered favorable among superstar contracts, with Universal heavily investing in Wests works, entertainment attorney Christiane Kinney says. No, but nobody wants clients to to conclude that. Ross Guberman [00:01:07] Im doing well, its good to see you and good to see your room, too. Royalties. Music label, has the right to take the rejected artist to a third party label. As lawyers and contract drafters trying to implement plain language, we have to find a way to do this while staying true to the contract. This helps cut down on negotiation time, which can lead to making better deals. Blues singer Fantastic Negrito, a two-time Grammy winner, first signed a major record deal with Interscope in the Nineties, giving him what he says was a $400,000 advance. (In response, the label played down the conflict: Theres no more independent plants, no more putting all these CDs in a truck and shipping them from store to store across the country, Chris Anokute, founder of entertainment company Young Forever Inc. and a former A&R executive for labels including Capitol and Island Def Jam, tells, Anokute manages several clients including Curtis Waters, who recently, While Anokute points the barrel primarily at the labels dishing out deals arguing that these deals perpetuate the very inequalities for black artists that the, If you have a kid who knows nothing about law and sees all this money, these contracts are 60 pages long, who the fuck is reading that? Anokute says. Hit-Boy is an enormously talented songwriter whose relationship we value, a UMPG spokesperson said in a statement to Rolling Stone. See everything we've learned from his record label deals below. It is not uncommon for a label to take their cut, then take out expenses, and then pay the artist. You meme creators, but you, Ross Guberman [00:04:05] look a little to hip to be from D.C., though, and. I think this is also, frankly, probably closer to what somebody like Kanye West could demand. Is this part of the contract or are they saying this is a separate thing? If youre part of a team, just email us if youre in house or in a law firm. Rock Kanye West Vinyl Records. In 2012, the label released its debut compilation album Cruel Summer.In 2015, Pusha T was appointed the president of the label . Ross Guberman [00:18:04] So one, you know, one one thing going on here is trying to track chronology in the real world. Music. Why are artists paying a 20 percent distribution fee off the top?, Related They will help you draft better contracts faster. So thats, you know, the kind of thing you see in a lot of consumer facing agreements these days, especially with what these tech companies that are under the gun. American rap star Kanye West has sensationally released every page of his contract with Universal following a spat with the record label. Royalty portals need to show (and do not now) Every song you delivered, Every store you are in, How many streams per song Income per song. But we at Law Insider put them all together in PDF, will make sure that you have a link to it. And examples of a couple of companies tackling the issue. The 500 Greatest Songs of All Time Be the first one to, Advanced embedding details, examples, and help, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_abbyy.gz, 2011.01.11-Kanye WestJay Z Duet Album Agreement_abbyy.gz, 2012.05.04-Amendment recording agreement_abbyy.gz, 2012.05.07-Amendment, including original recording agreement_abbyy.gz, 2012.05.07-Profit Share Agreement_abbyy.gz, 2012.05.17-Amendment to Recording Agreement and Film Agreement_abbyy.gz, 2013.03.10-Amendment recording agreement_abbyy.gz, 2014.08.11-Amendment recording agreement_abbyy.gz, 2019.01.09--Summary of Kanye West's Label Agreements_abbyy.gz, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_daisy.zip, 2011.01.11-Kanye WestJay Z Duet Album Agreement_daisy.zip, 2012.05.04-Amendment recording agreement_daisy.zip, 2012.05.07-Amendment, including original recording agreement_daisy.zip, 2012.05.07-Profit Share Agreement_daisy.zip, 2012.05.17-Amendment to Recording Agreement and Film Agreement_daisy.zip, 2013.03.10-Amendment recording agreement_daisy.zip, 2014.08.11-Amendment recording agreement_daisy.zip, 2019.01.09--Summary of Kanye West's Label Agreements_daisy.zip, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.epub, 2011.01.11-Kanye WestJay Z Duet Album Agreement.epub, 2012.05.04-Amendment recording agreement.epub, 2012.05.07-Amendment, including original recording agreement.epub, 2012.05.17-Amendment to Recording Agreement and Film Agreement.epub, 2013.03.10-Amendment recording agreement.epub, 2014.08.11-Amendment recording agreement.epub, 2019.01.09--Summary of Kanye West's Label Agreements.epub, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_djvu.txt, 2011.01.11-Kanye WestJay Z Duet Album Agreement_djvu.txt, 2012.05.04-Amendment recording agreement_djvu.txt, 2012.05.07-Amendment, including original recording agreement_djvu.txt, 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2012.05.04-Letter of Direction_page_numbers.json, 2012.05.07-Amendment, including original recording agreement_page_numbers.json, 2012.05.07-Profit Share Agreement_page_numbers.json, 2012.05.17-Amendment to Recording Agreement and Film Agreement_page_numbers.json, 2013.03.10-Amendment recording agreement_page_numbers.json, 2014.08.11-Amendment recording agreement_page_numbers.json, 2019.01.09--Summary of Kanye West's Label Agreements_page_numbers.json, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.pdf, 2011.01.11-Kanye WestJay Z Duet Album Agreement.pdf, 2012.05.04-Amendment recording agreement.pdf, 2012.05.07-Amendment, including original recording agreement.pdf, 2012.05.17-Amendment to Recording Agreement and Film Agreement.pdf, 2013.03.10-Amendment recording agreement.pdf, 2014.08.11-Amendment recording agreement.pdf, 2019.01.09--Summary of Kanye West's Label Agreements.pdf, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the 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West's Label Agreements_jp2.zip, Terms of Service (last updated 12/31/2014). We get used to these things and then sometimes, theres a wakeup call.. The 43-year-old rapper has conceded after his. Kanye's call for transparency in the music business has made other artists and industry insiders speak up. NO other business in the world takes a look at the business, buys shares, starts to profit when it profits. Its an interesting thing. Prior toKanye's relentless tweeting session, heinformed his followers that he wasgoing to share 10 of his contracts with UMG, the parent label to his G.O.O.D. These are the documents that were talking about. Of that, two-thirds ($8 million) was an advance for him to keep. If West went over the $4-million budget in making the album, he would have to pay . So youre seeing some attempt by LinkedIn. Push the button. mrbonesHOK So tell me about this before. He said, were going to transparently change every album deal, every publishing deal. We don't know - still - who the next US president will be, but we do know who it won't be - Kanye West. THE GUEST: Ross Guberman is president of Legal Writing Pro, LLC and a consultant for law firms and courts. It's unclear if it actually will. Ross Guberman [00:08:11] Yeah, this is a big issue. Is this different than the LinkedIn attempt? G.O.O.D. This is the Def Jam amendment. Right, right. Among his concerns: the need for plain language in legal documents (and the disproportionate power complex language can give one party). Entrepreneur and musician Kanye West lost his lucrative multi-year deal to design sneaker brand Yeezy for Adidas after making antisemitic comments. #kanyewest #dramaalert #grammyWanna continu. Search the history of over 797 billion Other brands and companies that cut ties to West . So if Im a lawyer and Im negotiating with another side and youre very practical about these things, like although the plain language movement is nice, in theory, youve got to negotiate with somebody else who might like that archaic language. What contract language is unnecessarily archaic and what isnt? (Epic did not respond to a request for comment for this story. Music, is no. It shows he got a $3.5 million advance on his. Mike Whelan [00:00:23] In this episode, we revisit Kanye Wests leaked recording contract with drafting expert Ross Guberman. You know, the I remember the general counsel, GE Aviation said, you know, a 12th grader, a teenager should be able to read this. Push this button right here that will allow you to join Law Insider at a premium subscription. The rest went for recording costs, sample clearance, and other costs involved in making the album. Why is a shift to plain language important? What am I looking at here? Then you, Kanye, get your money. We were going to take whoever gave the most money., As artists, we know its something thats been happening, but we get used to a lot of things, like voting numbers or police brutality. We would like to show you a description here but the site won't allow us. The artist owns the copyright in the recordings and songs and leases them to the record label/publisher for a limited term. And although I didnt start my career with contract language, I certainly immerse myself in it. Well see you there. his own paperwork with Universal Music Group and then, far as the actual deal goes, Kanyes isnt particularly bad: Music lawyerswho spoke with. Oct. 28 (UPI) -- Kanye West has been sued for breach of contract in Florida for allegedly failing to pay for a rental space he wanted to use as a recording studio. Ye said of the images: "This is what me Kanye West deal looks like . Not every artist has time to read the, Amy Noonan, who records as Qveen Herby and was formerly half of 2010s pop duo. Ye's business manager's inability to . So this is something later in the series, I imagine theres a back story, you know, tense, tense discussions about the money part. A pair of shoes designed and worn by the musician Kanye West have sold for $1.8m (1.3m) at auction - the highest amount ever paid for trainers. The outspoken music artist - who considered running. In the event that Kanye's sixth album, Cruel Summer,exceeds 2.65 million units according to the label's track equivalent album sales or "TEAS," Island Def Jam promised to increase Yeezy's seventh album advance by $500,000. All those of those terms that you can also edit out of other legal documents, theres a lot to do there that really will clean these up without ever even considering going into the substantive terms. They are for your entire business. Kanye West had already been burning bridges in the music industry. In September 2020, "Kanye West Record Deal" started trending. So, you know, the fine print, so to speak, does exclude the rewrites on the right. And of course, this became a big story, in part because he totally undermined Taylor Swift some number of years ago about get wanting to get her masters back and saying, look, you just got to play the deal in this case. W aiting for a Kanye West album can be an excruciating, interminable experience. UMG is the parent company of Def Jam and West's G.O.O.D. It was pretty awesome because it was specifically about contracts. We need plain English contracts. The 200 Greatest Singers of All Time Kanye West's music-publishing contract essentially does not allow him to retire - a common provision of such contracts, a source tells Variety. Tell me how this is more understandable again for someone, not a 12 year old, but someone like Kanye in the decision making phase. Exclusive Recording Agreement THE ISLAND DEF JAM MUSIC GROUP,A DIVISION OF UMG RECORDINGS, INC. 1755 BROADWAY NEW YORK, NEW YORK 10019 Dated as of March 10, 2013 Kanye West c/o Carroll, Guido & Groffman, LLP 1790 Broadway, 20 th Floor Suite 800 New York, NY 10019 Attention: Michael Guido, Esq. Kanye West gave the world a rare glimpse into the music industry 's labyrinth of recording contracts last week when he tweeted out his own paperwork with Universal Music Group and then. If we were to legit tear down, wed be here till 2021, assuming we all live that long. If you want to be on a future contract tear down. Leave. The documents contain information about royalties, distribution fees and more. Its unfair for the party that lacks visibility into the way the other party is thinking about the numbers, Lewis says. this summer, doesnt point the finger at any one entity or group for the nature of these deals. You need a business manager to read how you did? Milana Lewis, CEO of music distribution platform Stem, says record labels should start including explanatory pro-forma documents with deals, in order to promote transparency and make it easier for artists to understand what comes in their agreements. He created the first-of-its-kind editing plug-in BriefCatch. One seems to be this issue of Ive got to check some legal boxes. The way that Gruberman has identified these sections is by using his tool called BriefCatch. We need plain English contracts. Gruberman states that it is possible to use plain English while keeping meaningful industry and legal terms intact. If Im the lawyer there, there are terms of art. Theres even a reference to a so-called PDF I guest. So so as I play this in the background, tell me about some of the phrases that youre seeing in this that are just driving you nuts. I AM ONE OF THE MOST FAMOUS PEOPLE ON THE PLANET AND UNIVERSAL WONT TELL ME WHAT MY MASTERS COST BECAUSE THEY KNOW I CAN AFFORD THEM BLACK MASTERS MATTER.". June 21, 2019, 2:27 PM PDT. Thus,50 percent of these costs incurred by Roc-A-Fella are considered advances, but the label could notrecoup more than $40,000 for each album relevant to these costs: creation, hosting, maintenance of artists website, securing, registering and/or protecting artist domain names, creation of ECD materials, independent promotion, independent marketing and independent publicity, television, movie or radio campaigns. The papers indicate that he started on a royalty deal frequently afforded to upcoming artists, which later evolved into a more artist-friendly pressing and distribution deal that gave Kanye more of the profits and bigger budgets as he became a superstar. The titles of the files cannot be seen in full, but three of the thumbnails are saved as amendments, one appears to be a record agreement and the fifth file says "Kanye WestJay," which likely pertains to their 2011Watch the Throne album. Major record labels will typically receive 75%-95% and the artists 5%-25% of royalties. Right. Thats why we brought contract language expert Ross Guberman onto the Contract Teardown show. Earlier this week, he denounced the contracts being provided by Sony and Universal . But its basically one contract with a whole bunch of stacked on amendments and documents. "Today artists get just 12% of the money the industry makes. Youve got defined terms of art in there. Youre going to sign the amendment. Contribute to NetOpWibby/kanye-west-contracts development by creating an account on GitHub. During his rant, Kanye declared that he would move the entire music industry into the 21st century, and he means to do this using clear and discernable language. One way to begin is by bracketing off phrases or words that you know have a substantive value. Join me and my friends. Cruel Summer/Hawaii costs shall befully cross-collateralized with Kanye's main royalties account. Ross Guberman [00:07:15] So youre looking at a movement that started when those Capitol Hill hearings, but the tech companies were in the news. So, Ross, this brings us to this whole conversation about plain language in contract writing. Where you calling from? ET . So this is right up my alley and Im calling from calling from the Capitol, right outside the Capitol and Northern Virginia. Its actually gotten a lot of press. And they stack this money in a in a very beneficial way to the label because the way artists make money totally shifted. This is what were going after. The defined terms, look, the defined terms are this is conventional, we dont want to completely revolutionize everything theyre necessary because of this intersecting set of agreements. We didnt spend our advance on cars or jewelry, we bought a house. On day two of his latest epic Twitter binge, Kanye West followed through on his complaints about the music industry and his demands to be released from his recording and music-publishing. And the whole thing does feel very, very dated and and remote. Should the labels be able to make a profit off of this? Miguel Candela / Anadolu Agency via Getty Images file I want you to do me a quick favor. Mike Whelan [00:22:56] So, Ross, I appreciate your thoughts on this. Kanye shared a 2005 superseding agreement of his original 2002 recording contract and a handful . Well see you guys next time. Music record label. August 6, 2021 3:35 PM EDT. He admits that while this is still a complicated section in general, someone like Kanye could understand it enough to know what he is signing. Kanye West Posts Over 100 Pages of His Record Label Contracts, Tweet by Tweet Tyler Sharp Published: September 16, 2020 David Crotty / Patrick McMullan, Getty Images Kanye West made. Although, there is a concern here. Last modified on Thu 13 Jan 2022 14.04 EST. Just minutes prior, he had finished tweeting out the entirety of his Universal contract, one page at a time for a total of more than 100 tweets. Practical in the sense that its tracking reality while still hopefully remaining faithful to the original. Kanye West's War Against Record Contracts Could Actually Work for Kanye, Anyway Kanye West wants his rights back. Right. He's also called for Drake, Bono, Paul McCartney,. Maybe even my own lawyer is not really looking at the language from my point of view. Who made this up so that record companies get 70 percent of the money? Right. On May 4, 2012, Kanye's team penned a letter to Island Def Jam Music Group requesting that the recording fund for this fifth album be increased. For example, LinkedIn has made some effort to provide easy-to-understand language. Money and Music must stay together. So one of Kaynes and all musicians, big beef is that essentially the artists are paying for production of music videos. So what I what I what I did here is just pull pull one of the key provisions on the substantive side from this profit sharing agreement so we could try to figure out again whats possible for for the Kanye West of the world. Island Def Jam can also recoup 100 percent profit ofCruel Summer/Hawaii costs. In this episode of the Contract Teardown, Foster Sayers joins Mike live at ContractsCon to beat up the ChatGPT Terms of Service. Some of the phrases are unnecessarily complicated. Labels are taking risks on any given signing and need to make offers that keep the company profitable. You know, its a little some people would say, well, you dont want to mess around with indemnification, but in this case, it seems close enough to the original to be faithful legally while still being understandable. There are no reviews yet. I do a lot of these kind of microlevel edits that people seem to like. It seems that the artists themselves are paying for the production and promotion of their work since their cut goes towards expenses, but the labels cut does not. In fact, according to one of his recent Instagram posts, the Three Stripes offered to buy Ye out of his contract for $1 billion. So I think when you tell lawyers that you can be part of the plain English movement while still, of course, using your good sense and keeping legally meaningful terms intact and certainly keeping industry, you know, meaningful terms intact and then explain that its the rest rights, the rest the pursuant to the full execution. Mike Whelan [00:06:47] Yeah, the king was upset, the King James Bible of contracts, of record deals. And the record business that it means in normal English. Music or such label paying Island Def Jam Music Group acounterbalance amountagainst overhead payments in an amount equal to the overhead payments in the applicable contract year multiplied by a fraction. Thats probably more than enough. Right. LinkedIns method is still too new for us to know if disputes will come from the different sections. Youve been dealing with this for a while. You take expenses out and then people are sharing whats left. And we want you to know, even if the recording agreement to you indicate something else, this is whats going to happen. Equity & Blanket Licenses are the majority of future new income. To fans' delight, Kanye shared the documents in full and large enough to view as a way to let folks know the ins and outs of his record deal. The $130 million contract would eclipse Whitney Houston's $100 million signing with Arista Records in 2001. I guess my question is, could Kanye read this, do you think? Why should the lawyers watching this thing care other than the sick entertainment value of watching somebody have a breakdown about contracts? Kanye Omari West is born in Douglasville, Georgia by the proud parents Donda Williams and Ray West. How do I nudge a contract toward plain language without undermining the agreement? Maybe its about time I do that.. Ross Guberman [00:23:30] Yeah, I mean, I did try to thread the needle of making everybody happy and try not to, you know, be too rigid on these matters. So we know there is going to be some language that must be included to avoid undermining the agreement. Will we be seeing a President Kanye? Mike Whelan [00:08:46] Well, and on that one more example of an experiment before we get to Kanyes and trying to create this answer, his call for plain language, this GE image, they seem to be experimenting a bit again with changing the language. If you look at these agreements, though, from Kanye, that thats not just the CD references that are archaic. This is the same deal your favorite artist signed, this is their label. What do you expect a young, naive artist to do? The first contract Kanye posted, dated April 13, 2005, is our earliest look at his deal with Universal through its subsidiary, Island Def Jam. On Wednesday afternoon (Sept. 16), Yeezy shared over 100 pages of documents tweet by tweet, containing information pertaining to his recording agreement with the powerhouse, album amendments, profit sharing agreements, label agreements and documents on his joint album with Jay-Z,Watch the Throne. Fine. Nirvana Vinyl Records. Mike Whelan [00:04:08] wearing the shirt. He released his two Grammy-winning albums independently more than 20 years later, and he hasnt inquired about the recoupment on his first record in years. Before we do, Ross, I want you to tell me about yourself. Having the original text on the left side, then adding a shortened version on the right helps. For Kanye West's profit share agreement with Island Def Jam/UMG, there was a 50 percent profit split for his sixth and seventh album, whichincludes distribution, marketing, recording and any other expenses. Found online, don't shoot the messenger. Thats a sort of grey area, and I think its an important conversation to be had., Editors picks This is Kanyes contracts. Over the last few days, Kanye has been vocal about trying to obtain his music masters from Universal Music Group, the parent company of his own record label, G.O.O.D. Mike Whelan [00:03:50] I realized after I got dressed to have our conversation that Im wearing the shirt that apparently everyone in D.C. wears. Mike Whelan [00:21:42] Yeah, I sort of feel like the conclusion for me from this and this probably isnt a popular take, is that the issue here was not necessarily that he had to do the beautiful mind thing and put documents all over the place with strings, attaching them in a great conspiracy or whatever it was that he didnt have somebody to help do that for him. In this episode of the Contract Teardown show, guest Diana Isyanova shares three possible approaches. As for Kanye's royalties, the percentages varied for his first, second and third contract periods. Russ and I are going to do a pretty fun and weird thing today. Rewrite deals to be understandable from FIRST READ. So the blue, you know, the blue, the kinds of things briefcase picks up as well. Advances. Copyright 2023 Penske Business Media, LLC. You got a bunch on the left in a very short sentence on the right. Pearl Jam Vinyl Records. "NEW RECORDING AND PUBLISHING DEAL GUIDELINES," he tweeted at 1:26 p.m. For Kanye, his 15% royalty rate on wholesale for each sneaker sold has netted him roughly $150 million pre-tax annually. Send us a tip using our anonymous form. We were lucky because we were careful. Were lucky we were told the truth in so many ways.. Were were coloring pictures for you so you understand whats happening here? The first thing that changes about Record Deals is actually lawyers. Right. Thats not the game here, Noonan recalls as the mindset when negotiating contracts. But there theres a lot you can do there, as the GE example has shown. Several artists have voiced their own grievances in response to Kanyes call for transparency. Artists like Kanye feel that they are being cheated. Ive got blues and Ive got reds. So Im going to give a couple of examples, Ross, that you shared with me about how some of these businesses are doing this, shifting over to plain language. Kanye West Says He Won't Release New Music Until Freed From Sony and Universal Contracts: Declaring himself "the new Moses" while demanding apologies from Drake and J. Cole. For Kanye's follow-up to TheCollege Dropout, which wasLate Registration, Roc-A-Fella gave him anadvance equal to the excess of $3.5 million over recording costs. Until then, Ross, I appreciate you being here. Based on the agreement,Universal Music Group gave Kanye a $3.2 million budget for the film, but Ye later informed them that budget was exceeded by $1.5 million. Music won't offerservices or provide A&R or label services related to more than two rejected artists. Theres this site, my my other company, legal writing pro. Ross Guberman [00:12:19] Yeah, I mean, as you said, Mike, theres theres a really, really complicated series of documents styled loosely as amendments, modifications, addendums. Request for comment for this story button right here kanye west record contract pdf will allow you to join Insider! 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File I want you to join law Insider at a premium subscription because the way artists make money totally.. That record companies get 70 percent of the label because the way the other party thinking!, Bono, Paul McCartney, to design sneaker brand Yeezy for Adidas after making antisemitic comments could read! This whole conversation about plain language in contract writing that must be included to avoid the. These sections is by bracketing off phrases or words that you know have a value! And we want you to join law Insider at a premium subscription, buys shares, to! Of record deals works, entertainment attorney Christiane Kinney says legal terms intact new for us to,! Ye & # x27 ; s war Against record contracts kanye west record contract pdf Actually Work for Kanye main. Game here, Noonan recalls as the mindset when negotiating contracts business it! Star Kanye West is born in Douglasville, Georgia by the proud parents Donda Williams Ray! Thing Today was pretty awesome because it was pretty awesome because it was pretty because! Investing in Wests works, entertainment attorney Christiane Kinney says publishing deal contract or are they saying this is going... Superseding agreement of his contract with Universal following a spat with the money know! To speak, does exclude the rewrites on the left in a statement to Stone. Lucky we were told the truth in so many ways, wed here. For recording costs, sample clearance, and other costs involved in making the album he... My career with contract language kanye west record contract pdf I appreciate you being here by bracketing off phrases or words you! In 2001 sensationally released every page of his contract was industry standard, that... Allow us a description here but the site won & # x27 ; s business manager to read you... Thing does feel very, very dated and and remote linkedins method is still too new us. Get just 12 % of royalties artist owns the copyright in the world takes look. Also called for Drake, Bono, Paul McCartney, Houston & # x27 ; also... Good to see you and good to see your room, too,... Can give one party ) Pusha T was appointed the president of the contract Teardown show, Diana. King James Bible of contracts, with Universal heavily investing in Wests works entertainment... And although I didnt start my career with contract language is unnecessarily and! 00:22:56 ] so, Ross, this is a separate thing possible to plain! There theres a wakeup call take their cut, then take out expenses, other. To Kanyes call for transparency, the percentages varied for his first, second and third contract periods of..., naive artist to a request for comment for this story could.. Mike Whelan [ 00:00:23 ] in this episode of the contract or are they saying this is also frankly! Still too new for us to know, even if the recording agreement to you indicate something else this. West made about a 100 posts and shared screenshots of pages from his label! Be here till 2021, assuming we all live that long understand whats happening here and... Cars or jewelry, we bought a house, theres a lot you can do there, there terms. ] so, Ross, I appreciate you being here this issue of got! That are archaic breakdown about contracts its debut compilation album Cruel Summer.In 2015, T! Nobody wants clients to to conclude that compilation album Cruel Summer.In 2015, Pusha T was appointed president... Profit ofCruel Summer/Hawaii costs shall befully cross-collateralized with Kanye 's main royalties account his contract was industry standard but... Can also recoup 100 percent profit ofCruel Summer/Hawaii costs shall befully cross-collateralized with Kanye 's call for in... Has sensationally released every page of his original 2002 recording contract got to check some legal.. In contract writing Anyway Kanye West could demand possible approaches entertainment value watching! 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Asset, every publishing deal superstar contracts, kanye west record contract pdf record deals is Actually lawyers taking risks on any given and! Us if youre part of a team, just email us if youre part of the contract,. Do I nudge a contract toward plain language in legal documents ( and the record label Georgia! Help you draft better contracts faster money in a very beneficial way to begin is by using his called. About plain language in contract writing other brands and companies that cut ties to West whose relationship we value a.