The true value of an entertainment attorney might not be readily apparent when everything goes smoothly. But when things go wrong, you can bet they will be worse when you've done it on your own and possibly glossed over finer points that an attorney might have flagged as danger areas. Net profits is just one such area that is filled with potential landmines. Both sides have a vested interest in making sure the definition of net profits favors his or her side. A safe bet is to make sure you're not signing something without a full understanding of the contract or agreement.
Have an issue that you'd like to discuss? Contact Todd Mouser Law for a free consultation and let us show you how we can help.
Those working in the entertainment industry will no doubt hear of the creation of loan-out companies. As the decision to create a loan-out company can have a big impact on both financial and legal aspects of an artist’s career, proper understanding and consideration is vital.