Music Contract Jargon
Keep in mind, this money has to be paid back with future earnings, it is a loan not a gift.
Cross-recoupment or cross-collateralization is the recovery of advances, costs or losses from other projects. Exclusivity is a word you may run across quite a few times in music business contracts. This includes all of the things that are exclusively owned by the record company. They may want to own your present work, past work and future work. They most likely will own your logo, website, all merchandise, images and names. All of those things will be exclusive to their company, understand?
The territory of your music contracts is important and needs to be defined. Laws and rules are different in every country and you need to make sure you music and rights are protected world-wide, ideally. As I mentioned before, different countries have different laws about