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Recently, I was invited to attend the live performance of an "American Idol" taping in Hollywood, CA. This taping, or rather, pop-hysteria, led to conversations relating to the management of those that do not win the title of the next "American Idol".
Now we all know that the winner is locked into a contract with Music Label/Management Company, "19", but what of the other near-Idols? Who gets to run their proverbial show? This question, in accompaniment to some of the surrounding...
•How to Avoid Personal Liability for Corporate Actions
So you own your own business. Welcome to the top! Whether you're a newcomer to calling the shots or, you have done this before, you dreamed big and have taken the first step to exceeding your own expectations.
You are watching your costs and, although you intended to "do it right" from the start, things have fallen behind a bit and honestly, there is a new priority list - it's as simple as that! Mind you, you fully intend to maintain your corporate legal formalities - whatever those are -...
•That Was My Idea!
So, let's start at the top of the pyramid -> what is "Intellectual Property"?
Besides being a very subjective area of law, it is, in fact, just what it is claimed to be: the property of one's intellect or. . . the possessions of one's mind; better known to most as, "ideas". However, and arguably one of the most important legal principles associated with intellectual property is the fact that, an "idea", alone, is not "property" that can be protected until it has been manifested in a...
•Risky Business
Whether pertaining to your personal or professional life, chances are you have entered into, or sought to enter into a partnership at some point. For some, it provides a sense of security; for others, a dinner drink led to a friendly discussion about an idea you had and WHAM, you're going to move on that idea together - as partners, or; for those timid-hearted types, perhaps you gravitated toward a partnership because you simply wanted half the responsibility, half the risk, and half the...
•The (Real) Sound of Music - "CA-CHING"!
The (Real) Sound of Music - "CA-CHING"! So you're a talented songwriter and damn it, you deserve a big publishing deal! In fact, anyone that questions your artistic abilities can just look in your desk drawers, or on your closet floors, or in your car's glove compartment and maybe even its trunk, and they will find CD treasure after treasure just full of your music, clearly denouncing any question as to your talents. Now, if only a well-connected, successful, efficient music publisher...
•From Concept to Market
You have a great business idea. In fact, in the 5 years you've had this idea, you can't believe no one else has come up and out with it. Just to be sure, you have even vaguely mentioned it to a few trusted minds to see if they would respond affirmatively and, they did. One year, you went so far as to speak with a few professionals about pursuing such an idea and were sure to stress to each that you didn't really have the know-how or financial resources to back the idea up, but if someone...
•Pay or Play
So who ever said you can't get something for nothing? Like so many other appealing facets of 'Tinsel Town,' many artists, talent agents and studio exec's might tell you that sometimes, you can in fact get something for nothing... or at least, for a lot less than one might think.
An industry standard and ever-important term in many entertainment contracts is that of the "Pay or Play" provision. By definition, a Pay or Play clause means that the person being hired (typically, an actor or...
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