Overview
The Payments extraction captures the compensation structure including recurring payment types, advances, and fixed fees.What Gets Extracted
Payment Details
Basic payment information displayed in a grid:| Field | Description |
|---|---|
| Recurring Payment Type | Royalty, Profit Share, or Buyout |
| Currency | Payment currency (USD, EUR, GBP, etc.) |
Advances
Recoupable payments made upfront:| Field | Description |
|---|---|
| Amount | Fixed value or range (min-max) |
| Name | Advance identifier (e.g., “Initial Advance”) |
| Description | Details from the agreement |
| Condition | Payment trigger (e.g., “Payable upon execution”) |
Fixed Fees
Non-recoupable payments:| Field | Description |
|---|---|
| Amount | Fee value |
| Name | Fee identifier |
| Description | What the fee covers |
| Condition | Payment trigger |
Advance Types
Common advance structures:| Type | Description |
|---|---|
| Signing Advance | Paid upon contract execution |
| Recording Fund | Budget for recording costs |
| Per-Album Advance | Paid for each album delivered |
| Option Advance | Paid when options are exercised |
| Tour Support | Advances for touring |
Payment Triggers
Conditions that trigger payments:- “Payable upon execution”
- “Upon delivery of masters”
- “Upon commercial release”
- “Within 30 days of signing”
- “Upon exercise of option”
Recoupable vs Non-Recoupable
| Type | Recoupable | Description |
|---|---|---|
| Advances | Yes | Recovered from future royalties |
| Fixed Fees | No | Label expense, not recovered |
Editing Payments
Click the edit icon to:- Add advances or fees
- Modify amounts
- Update payment conditions
- Correct currency
- Change payment types