Many bands are forced to seek out the help of major record labels, agents, managers, and other entertainment industry professionals. This is because bands often have no idea how to promote their music, so they need to hire somebody to do that for them.
There have been many cases (too many to count) of artists being taken advantage of due to their lack of knowledge when it comes to the issue of contract negotiations.
Having a good entertainment lawyer is essential for any artist that’s about to enter into a contract. Large record labels and entertainment companies have many talented lawyers on retainer. They will draft contracts that heavily favor their clients (not the bands), so it’s absolutely critical that the artists have their own legal representation to counterbalance the contract.
Without a knowledgeable attorney bands can get screwed! Some of the more notable instances of artists getting ripped off include TLC, The GooGoo Dolls, and 30 Seconds To Mars… just to name a few.
In some cases the artists don’t just lose out on millions of dollars that they should be paid. They are often end up owning massive amounts of money to their record labels, even though they never earn a penny and the labels are already keeping millions of dollars that the bands themselves have earned.
So a word to the wise… If you’re a musician, get an entertainment attorney. It may cost a few bucks in legal fees, but it’s better than ending up a slave to your record label, or losing out on royalties to a crooked manager.