Record contracts often contain complex loopholes that can trap artists, such as assignment clauses that allow labels to transfer contracts to other companies, recoupment clauses that use advances against future earnings, and 360 deals that give labels ownership of all income streams including merchandise and image rights. Artists may need to use tools like ChatGPT to analyze contracts when lawyers refuse to review them, and the only real exit strategy is when the label fails to release music despite the artist fulfilling their obligations.
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Finesse2tymes Used Chat GPT To Exit 360 Deal With J Prince JrAdded:
Yo yo yo yo yo yo yo. Big cash back up in here.
Finesse two times just chat GPT his 360 deal his contract his record deal contract that he has with Mod Tas. Also exposes J Prince Jr. for not living up to his father's name. He said J Prince Sior is highly upset with him. Don't go nowhere. I'm telling y'all. Check this out. You not going to believe what you about to hear in this one right here.
>> So, me and Shu, I done finally found my my mob tie contract uh and got a lawyer to look over it. But a lot of lawyers um like they they they don't really want to [ __ ] with it. They they [ __ ] with it, but they don't really want to with it. I got a couple people that had reached out to me and I assigned it to him and I still don't trust that [ __ ] a whole lot. So me and Suge finally decided to do um chat GBT.
>> His contract is so twisted he had to put it in chat GPT. The lawyers wouldn't touch it.
>> So it's my first time doing you ever using chat GBT. I never use this [ __ ] Um they everybody been encouraging me to try to use this [ __ ] So, I'm going to try to use it for the first time.
>> You should also put Is there any loopholes?
>> Had it been breached, >> right?
>> Have this been >> Mind you, Finesse been trying to get out of his contract for a while now?
>> No. Is there any loopholes for you to get out of your contract?
>> Okay.
man, and especially if the artist had no proper legal advice. But this is not easy to win without a lawyer. So basically, J Prince, the old man told me, "Don't get a lawyer."
>> Mhm.
>> He told me, "We ain't even go [ __ ] Advance and benefits could be used against you. They gave you cash, jewelry, truck, private plane, et means they'll argue you already got paid, so you owe delivery. So walking away could trigger recoupment claims or even lawsuits.
Assignment clause, another trap, transfer the contract to another label company anytime. So basically, they can sign their label over to anybody and I still be with them. Basically, that's what they're saying. Can't transfer or escape. Even the [ __ ] deal. Basically, THEY KEEP >> This is why I'm always pounding. I'm saying these contracts are modernday slave deals. We are sla enslaving each other with this stuff, man. This is what it is. This why when every when people be talking about, "Yeah, the white man sold us into slavery." Bro, trust me.
Our people sold some of our people into slavery as well. White people didn't invent slavery. We are carrying on those traditions right now. This is a prime example. Listen to when you hear Gucci.
Yeah. My artist, my artist. Yeah. 1017 that my artist my artist my always my my. He's up under me. Up under me. And not even trying to develop this person into being their own boss. keeps you locked in. Ownership changes. Okay.
>> All right. So now go the Atlantic deal.
I went through your contract and I'm going to break it down plain. No lawyer talk so you can actually understand what's going on and where the power is.
Contract overview. This is a deal between Atlantic Records Corporation, the label, Modiz Entertainment, artist company, artist for next two times, Ricky H. This is a recording deal.
Profit share deal, not just a simple distribution.
Exclusive deal. Very important. The artist is locked in exclusively to Atlantic. Can't record for nobody else.
Label controls all music during the contract. This is standard but very restrictive.
Length of contract. This is where labels win. Starts when deal is signed. first term until albums drop plus 10 months after.
Then label has three options to extend.
Meaning label can keep him for up to four total periods. Artist does not >> I need the rest of that. I need the rest of that. But it sounds like >> it sounds like J Prince Jr. got you locked in for a minute. And this is what these people do. They go from artist to artist to artist. and like the lock in about 10 of them. They get them about 10 good artists so therefore they don't have to work anymore because this is the thing. Don't nobody want to work no more. And they found a way to I call man look it it is what it is. They found a way to enslave their own brothers and sisters into a deal that they won't be able to get out of. And of course they going to sign it because I was just watching Bum B on the Math Hoffer uh show. He was like, "Bro, they know that they getting into a bad deal. It's just that where they coming from is worse than that. So, it's like you have a choice. I could go from worse to bad.
You know what I mean? But I'm not going back there." He said, "I'm not going back to where I came from because that's worse than this contract. I know that is bad, but I'm still going to sign it because it's a step up from where I just came from." And I refuse to go back there. Yeah. See, I know that about the real street, the real stand up, the men, not all those slow slow talking with a ball spot with a mont trying to be your daddy.
>> Uhoh.
>> He the gangster. He the one laid this [ __ ] down.
We don't believe you.
You nobody.
And I know this your pop say he gonna defend you and I not respect the game but you know he got a sucker for a son.
You don't do no >> char J Prince Sior know he got a sucker for a son. Good >> real like that. Call me.
Why you can't talk to me? Why we can't meet up? Why we can't sit down and get get an end to this [ __ ] Let's get an end to it.
to the end.
And matter of fact, from now on, I know y'all know me as Venice.
Count me two feet though.
>> Hey, I don't know what that is you smoking on, but you did. Put it out. Put it out. It's down to the paper. Whatever you was, it's no longer that no more.
>> 250. I don't want to be connected with them whatsoever.
The streets of Houston, the real street, the gangsters, the men, you know, I with you.
Then we ain't got to do all that talking. I ain't f to say no two, three,000 names and all that old [ __ ] If you [ __ ] with me, I [ __ ] with you.
You know I [ __ ] with you in the streets of Houston. You know what I mean when I say [ __ ] the labels. When I say these mob ties [ __ ] the street unus [ __ ] I'm in the streets. I'm a street [ __ ] I [ __ ] with the real street. And plus I know the real street don't with J Prince Jun. No way.
>> A there go.
>> This why I embrace the real street.
>> There go there go. Let's read some of this y'all. Let's read some of this.
This is your strongest legal weapon.
Ready, willing, able, trap on label. If label won't let you record, won't you let won't won't approve budgets, keeps delaying you, you send notice saying I'm ready to fulfill my contract. If they still block you, you can terminate loopholes. You flip it so they become the one in breach. must pay label even if distributor pays him directly. Laws handled in New York courts.
What's bad about this deal? Here's the real talk. Oh, you know Chat GPT going to tell it like it is. Chat GPT ain't going to lie to you at all. Label owns everything. Masters forever. God, everything he ever recorded, the labels own that long-term lock with automatic extensions, 360 deal. They touch all income. That's including the merch, everything, y'all. They damn near own them, bro. That's how it work. I remember uh Lil Baby was out here asking Jay-Z to buy to purchase his life rights. They own their life, bro.
Expenses come out before artist gets paid. Label has final say on almost everything.
Hard to exit. Hard to exit once uh distribution happens. I told you there it is. Meaning he does not own his music merch image right. His image rights, bro. They own the likeness. They own his image. Drake is in the same thing. uh label controls his name. His face, bro.
Finesse two times don't even own his face, bro. Merch endorsements. He gets 50% of profits after cost. They can use his image for almost anything. Wow.
Ancillary rights 360 deal alert. Fake loopholes. Don't fall for these. Just don't drop music. That's a breach. Drop independent. That's a lawsuit. Uh, say contract unfair. Doesn't matter legally.
Real game plan using these loopholes. If I was playing this, deliver a project perfectly. Track release deadlines. If they delay, trigger release failure.
Meanwhile, approve nothing fast. Make them spend money. Build financial pressure. Push towards uh buyout. uh renegotiation or termination. Real talk.
Conclusion, bro. It says there is no easy loophole to just walk away. But there are bro, he's done. He is done.
Most likely reality based on deals like this for artists in this situation. 90% of the time, no clean legal exit yet.
Still in contract. But they do they do have uh leverage for negotiation chance to buy out opportunity if label delayed.
So this is what they could do. They he could go to another person who got the money to buy him out of his contract and create another contract, but he would still have to pay that initial payout that he that he uh that initi that that that first label was. So, so say somebody came along and said, "Hey, J Prince Jr. I'm willing to do a deal with you for finesse two times. I'll pay you, but if finesse two time get with that new person, he's still going to have to pay back what that person paid for him for." So, it's like you buying somebody.
We, bro, we we're we're we're buying people. This is slavery, bro. It says straight answer. He only has a real exit if music was delivered and Atlanta failed to release. Bro, this is the thing. If he was to release music, they could easily say, "No, that's not up to par. We don't want we don't want to represent that type of music." They could easily say, "Oh, change this line.
Change and keep sending them back to the studio." So, he could release all the music he want, but they have the right to say, "No, we're not going to release this." And therefore, he would never fulfill his obligations. They could easily play cat and mouse with him and have him running around, running around, running around. Also, studio time T is that's money and if they don't give him the proper money that he need then he what what hey bro this how people get stuck in these deals bro and what I'm saying is that it's sad that we have this mindset towards each other bro this is the sad part I remember when Booy had an artist by the name of blue he said boy I'd be good if I had about 10 blues if I had about 10 of them I mean if I had about 10 of these guys up under me that I own, I will be set. I won't have to work no more. Bro, man, this is sad that we do each other like this, bro.
This is sad. And where do y'all think we learn this from? Where y'all think we learn this from with the contracts and the record deals and all of that?
Sad, bro. But y'all make sure y'all hype this video. Let me know what y'all think, man. Make sure y'all subscribe.
Big C signing out. I'm gone, y'all.
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