Banker Sandy Weill recently withdrew the generous donation he’d made, out of the goodness of his altruistic little billionaire heart, to Paul Smith College after he learned that the school could not change it’s name to Weill-Smith College. Not wanting to find himself similarly disappointed, Charles Widger, a successful hedge fund manager, explicitly stipulated that Villanova Law School should become the Villanova Charles Widger School of Law in exchange for his $25 million donation.
The law and music intersect in lots of ways, and I’m not just talking about the Clash song. There’s everything from contract law, which applies to, well, contracts, to the health and safety issues that pertain to live performances. But in today’s world, there are a lot of interesting issues relating to music and intellectual property law, and to royalty payments in particular.