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Contract, Is this good or bad? Would you sign here?

I took away the name of the recordcompagny in question, and put some things in italic that drew my attention.

Quote:

· ARTIST RETAINS OWNERSHIP OF MASTERS.

· ARTIST RETAINS OWNERSHIP OF PUBLISHING.

· TERM OF AGREEMENT IS AT DISCRETION OF ARTIST (TO BE DETERMINED PRIOR TO EXECUTION)

Legalities on Album?

I have recorded an album for a church group. They have the permissions on all the cover songs they recorded, which is not a problem. My question is on the CD, how and what credits do i have to put on the booklet for them to be able to sell them legally? For example: (words and music by:),(copyrights?),(released through permission etc..)
any help would be great!

online music contracts

Does anyone know if there is any standard contract langauge online for a "spec" recording deal? (I know enough to get a lawyer to look at the final version, I just want a starting point.) I'm discussing a potential project with a very good R&B band made up of older musicians (all over 60) who have been playing this type of music for 40 or more years.