Theres a guy who wants to use 3 tracks off my band's CD on the soundtrack to a horror movie hes shot. He seems to think that it will make a good chunk of change and wants to cut us in for a half a percent of the gross or something. Im skeptical, but I think it would be good exposure for the band. However, Im not sure what is considered normal for soundtracks and such, and the rest of my band doesnt have much experience in this area either. Were wondering if maybe we should only let him use two songs, and ask for more money if he wants to use three, or have some kind of flat monetary guarantee with the deal. Also, we havent set ourselves up as a business or done anything in that regard. How will this affect our ability to sign a contract? Would there be some benefit to formalizing the band as some kind of legal entity or whatever as far as something like this is concerned? Finally, I see this as a situation where it would be more or less impossible to get screwed over in a really bad way, but are is there anything I should watch out for? Maybe like signing away too broadly rights to use the material? Thanks in advance for any advice you guys might have.