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Business News Legal
Wiggin launch online contract tool for music companies
By CMU Editorial | Published on Monday 8 November 2010
Media law firm Wiggin has launched a new web-based service, or widget, to help record labels and publishers draft artist contracts. The service – which can be used by both in-house lawyers and execs with no legal background – will be updated to adapt to any legal developments of relevance so that users can “draft state of the art contracts safe in the knowledge that they are completely up-to-date”.
Wiggin music partner Alexander Ross told CMU: “We regularly see music business contracts that are either out of date or in need of major work. In some cases these can be put right, but in others companies find out all too late that their contracts aren’t legally robust, and they can lose rights and revenues as a result”.
He continued: “We decided to develop the widget to take the time, cost and worry out of preparing, managing and updating day to day contracts in house. It also gives our clients the ongoing reassurance that their contracts will always be properly drafted, legally sound and regularly updated”.
The service will be available on a subscription basis charged at £100 a month, with an additional nominal fee per contract also charged, starting at £10.
