RECORD DEALS, RECORD LABELS, ARTISTES AND THE LAW
A record label or record company is a brand or trademark associated with the marketing of music recordings and music videos (Wikipedia). A record label in Nigeria can only be a juristic person if registered under the company and allied matters Act chapter 59 Laws of federation of Nigeria 1990. Section 18 of the Act provides that as from the commencement of the Act, any two or more persons shall only form and incorporate a company by complying with the requirements of Act in respect of registration of such company. However, the regulatory body responsible for the implementation of the policies under the CAMA is the corporate affairs commission. The CAC is responsible for the registration of companies in Nigeria As a legally recognized trademark, a record label can offer record deals to different artistes as they deem it fit. Record deals can then be described as a legal agreement between a record label and a recording artist or group, for the l...