Lingo - Advance

The payment in advance of royalties to be earned in the future, and recouped by offsetting those future earned royalties against the money advanced. Advances are usually non-refundable.

Member Comments

Posted by Milan on 2007-04-02 at 1:53:48 pm

How much of an advance is normal for a beginner songwriter?

Posted by Gary E. Andrews on 2013-01-30 at 12:22:18 am

Who pays Mechanical Royalties? How is that ‘set up’ or arranged?

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