Frequently Asked Questions: General Questions
Entertainment Law Resources Blog
MAY 5, 2004
Second, you should always insist on a written contract or deal memo covering the essential terms of the deal. Even though this person knows that my foster mother wrote the song (the "friend" admitted it), they say my foster mother cannot receive any of the royalties because her name was not on the original manuscript. Answer: No one sets a standard as to what a net profit definition should be, although many of the major studios have similar definitions.