SubPop Records was awesome enough to share the original contract they signed between themselves and Nirvana. While this contract is super primitive and would probably receive a good chuckle by people who call themselves “professionals”, there are some very smart practices in it to be learned from. The contract is based off of years of support they will give the artist and each year carries a financial burden for the label that grows bigger and bigger. While it may be laughable that for the first year the label only had to give the group $600, this showed they were testing if relations would work with minimal consequences if they didn’t. If after a year things were working they agreed to offer twenty times the amount of investment and then 40 times that first investment for another year.
In our book, we argue that contracts with clear incentives for both parties are best so that everyone knows what goals are to be reached and if they are not reached, both parties can easily bow out. This contract illustrates that practice very well and is a thought to consider before ever signing any contract in your music career. This practice obviously worked out well for all parties involved and is one you should seek to employ.
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