Whether you are a manager, artist, producer, agent or label executive, receiving the proper compensation for the effort and
resources invested in your product is of utmost priority. This is what separates the hobbyist from the professional. The Production Market Place was borne out of the need for an official online platform when it comes to the selling and purchasing of quality tracks. With the advancement of technology it is of great importance that you do everything within your means to protect your investment. Below is a basic check off list which we will continue to add on to as the PMP Community grows.
- Copyright all material prior to making it available for buyers on the PMP to listen to. Fill out an SR form and submit it along with a non-returnable copy of the music and $45.00 to the following address:
Library of Congress
101 Independence Avenue, S.E.
Washington, D.C. 20559-6000
- Before accepting any monetary or equal value barter exchange for your instrumental insure the transaction is made official by having all parties involved sign an agreement that spells out the terms and limitations.
- Though not mandatory it is highly recommended that you retain the services of an attorney who can be of great assistance when it comes to legal advice and direction, interpreting agreements/documents and leveraging industry influence to help secure deals.
- If necessary request sample clearance information from the producer prior to purchasing an instrumental. While you shouldn't depend on this information as your only method for identifying samples you may have to clear, it's a great starting point.
- A producer's track record is one of the key factors in price negotiation so when feasible do the necessary research to verify they've been credited according to what they're stating.
- As with any business transaction request a receipt from the producer you're purchasing the instrumental from for proof of sale and tax purposes.