Advance

In this context, the payment a songwriter receives when signing a contract with a publishing company. Advances are typically recoupable, which means that the publishing company collects and keeps the songwriter’s royalty income until the amount of the advance has been repaid. 

Related Terms:

• Co-Publishing Agreement
• Music Publishing
• Publisher Share
• Major Publishers

Related Articles:

• The Truth About Advances
• Traditional Publishers and Advances
• Do you offer royalty advances?

Related Resources:

• Publishing Deal Checklist

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