No, we’re not talking about the love of missing out. LOMO stands for Length, Obligation, Money, and Ownership. We collaborated with Entertainment Lawyer and Music Business Professor, Karl Fowlkes, to explain his simple strategy – The LOMO Method – and why you should use it before signing any contract.
You’ll learn about:
- The length of a deal
- Your (and your publisher’s) obligation during the term of the deal
- What fees and questions about money you should consider in a deal
- What it means to retain your ownership and how to do so