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First real production. the question is..

Here's the scenario,

I was asked to produce a song - I didn't have anything to do with the recording of the music, but I arranged to get the artist on the song. I did no writing with the artist... but i will be the one to mix the track.

The song is to be put on the artists upcoming LP, my question is, what rights do i have and how do i get a piece of this action?

need help with my setup

okay i got a mxl 3000 which I'm upgrade pretty soon to a at3035 or a MXL V69 Mogami Edition...I'm still thinkin over sum other mics...but i also got a mbox 2 and a pair of KRK RP8 Rokit Powered 2-Way Active Monitors...i wanted to know what else well i need to have something pretty close to that pro sound..any suggestions would help..

my budget is like $300-$700

SE GM10 :( new soundcard with preamp or new mixer?

New SE GM10 microphone to record acoustic guitar not sounding great...what new equipment do i need?

Setup:
- Core 2 Duo laptop with Cubase.
- Soundcard MAudio Firewire Audiophile (no phantom power or preamps)
- Mixer Phonic 1002 (phantom power)
- Yamaha P5 Active Monitor Speakers