So maybe you like the idea of getting assistance, but don't know if you can afford it. Budgets are obviously less complicated for a self-financed recording than for a major label record, (as discussed in the Mumbo Jumbo column), but you'll still want to work out an agreement with your producer before you begin.
In any scenario involving payment after the project is finished, I strongly urge you to put it in writing. This can be more complicated than it seems. The trick is to arrive at a document that is neither overwhelming and unnecessary (25 pages of legalese) nor flimsy and worthless (two paragraphs that would be laughed out of court by any serious attorney). A well written 1-3 page "deal memo" is sufficient; typically it is the producer's responsibility to present a first draft. The agreement is more for their protection than yours.
The main idea I want to leave you with is to be clear from the start
about what you expect from your producer and know what they want out of
the project as well. Don't be afraid to ask pointed questions like, "How
many days will the whole thing take?" and "Why do you want to work with
me?" If the relationship begins with elements of honesty and trust, the
recording will be that much more successful.
Reprinted with permission from TAXI: The Independent A&R Vehicle connecting unsigned artists, bands and songwriters with major record labels, publishers, and film & TV music supervisors.