Learning about entertainment law has made me realize that I
should look into covering my intellectual property. I have also learned much about contracts and
the compartments within a contract. For
my business plan, I want to be sure I am covered with IP and brand
protection. I listened to some podcasts
from the Entertainment Law Update Podcast website with Gordon Firemark, Esq.
and I have learned a few things about some types of IP protection. I have noticed that running a studio has
plenty of liabilities. Although their
will be some bumps in the road of running a business, I don’t want to make
obvious mistakes that could cost me a great deal of money.
One thing I learned from the Entertainment Law Update
Podcast is that the client must read the entire contract before signing. On Episode 23 of Entertainment Law Update
Podcast, Firemark talks about how a restaurant sued a reality show for
displaying their visual arts. The
restaurant, however, signed a release for the TV show to use and edit whatever
they have filmed. As I develop my
business plan, it is important for me to have my clients sign a waiver,
notifying the risks and that my business is not reliable.
Another lesson that I should apply to my business plan is a
way to keep track of my copyrights. As a
producer, I know that once I release my instrumentals, other people will use
them. However, I would want a clearance
from the user. Therefore, for my
business plan, I want to avoid copyright infringement with sending
clearances. For instance, in Episode 13,
Firemark discusses the copyright infringement case of Jay-Z vs. Nafal. Even though the sample that Jay-Z’s producers
used were not under the 76’ copyright law, it is still best to ask for
permission.
My business plan will have a budget for copyright and
trademark purchases. It is a small price
to protect intellectual property. The
podcasts were very informative about how the laws apply within the
entertainment industry.
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