Cross-collateralization? Its in most every Recording Contract and - TopicsExpress

Cross-collateralization? Its in most every Recording Contract and many others... But youll never see that word. In simple English, it means Robbing Peter - to pay Paul - where youre both Peter AND Paul! Example: youve earned Publishing money for a Song - but you still owe Recording costs. Soooo, they take your Publishing profits and put it to your Recording costs. Btw, the words theyll usually use, are ...from [any and] all sources. It can also cover other contracts you sign with them!

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