Answer the following statement(s) true (T) or false (F)

Question

1. Lawyers are ethically required to charge artist clients only an hourly fee or a flat-fee retainer.
2. To save time and legal fees for beginning artists, most experts advise having one experienced
attorney represent both parties in a negotiation.
3. Most music business attorneys prefer to negotiate with less knowledgeable adversaries because it
gives them an opportunity to get more favorable deals.
4. For most music business attorneys, the majority of their time is spent with “transaction” work as
opposed to litigation.
5. Because of conflict-of-interest rules, it is illegal for an artist’s attorney to manage the artist’s
publishing company.

Answer 1

1. False
2. False
3. False
4. True
5. False