6.12 What happens if I cannot repay my advance in full?
The advance must be repaid with the releases that are part of the contract, only. So, you are never personally liable for the advance payment (as long as you have delivered all releases defined in the contract on time, of course). If an advance payment has not been recouped after the end of the contract period you have chosen, the contract is automatically extended for another six months until the amount has been fully recouped.
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6.1 What requirements do I need to meet to get an advance from iGroove?
6.2 Where can I request an advance payment from iGroove?
6.3 Do you only provide advances on back catalogs or also for upcoming music projects?
6.4 What rights to my music do I need to apply for an advance?
6.5 Do I need to transfer my old releases to iGroove to get an advance payment?
6.6 What are the conditions under which I can receive an advance?
6.7 What is the amount of the advance depending on?
6.8 How do you calculate the amount of the advance?
6.9 How quickly and how is my advance paid out?
6.10 Do I have to use the advance for a specific music project?
6.11 How soon do I have to pay back the advance?
6.12 What happens if I cannot repay my advance in full?
6.13 What happens if my advance has been paid back in full?
6.14 How exactly will my advance be recouped?
6.15 Am I liable for the advance with my private assets?
6.16 Why do you need read-only access to my Spotify 4 Artist account?
6.17 How long do you need access to my Spotify 4 Artist account?
6.18 My request for an advance was rejected. Why?