Hey /mu/,
Producer here. I was just presented with my first contract and am having trouble making sense of one of the points. Could any producers or lawbros help me decipher this?
"If the Tracks are used on a single, album or any future album (greatest hits, soundtrack, etc) in audio, audiovisual or digital format, 2 per cent of PPD (or equivalent retail) prorated computed as the artist is computed (including all third-party license income) and paid from record one after recoupment of the recoupable portion of recording costs of the album, (excluding any advance to Artist and the recoupable portion of the Producer's advance if applicable) at the net artist rate."