One of the worst record contracts ever signed was between the Stone Roses and their first label, a company called Silvertone. Under the terms of this contract, Silvertone had the right to license any merchandise they wished without the band’s approval. They could also terminate the contract at any time they wished without notice. However, the Stone Roses had no such out clause on their end.
Here’s the best part: The contract stated that the Stone Roses were the property of Silvertone for “the entire world and the solar system.”
Fortunately for the Roses, a judge ruled that the contract was little one-sided and unfair and he released them from the deal.
Missed the post yesterday? It looked at the story behind Pearl Jam’s weirdest song. And don’t forget to check out my podcast The Ongoing History of New Music where you listen on Spotify, Apple Podcasts, Google, Stitcher, or wherever you get your on-demand audio.