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From my experience and reading, creating a detailed "DEAL MEMO" with the director before creating a contract is a must.
The memo should outline everything; dates & deadlines, wages/fees, defaults/over-runs/rewrites, file format and exchange process (ftp or hard disk hand-off), studio cost/usage, musician fees, instrumentation, terms of usage, and owner-ship rights (writers and publishers).
In fact I would say my list is missing some things. That's where your lawyer will be handy. Whatever contract you recieve MUST be reviewed by a third-party entertainment lawyer.
Good luck...
Im sure England has a performance rights organization (ASCAP, BMI). You should contact them (and join if not a member).
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