Touch and Go Records

Touch and Go Records is an independent record label based in Chicago, Illinois, USA, which began life in 1979 in East Lansing, Michigan as a magazine put out by Tesco Vee. Tesco was bored with the punk sounds of the day, and captivated by the emerging hardcore movement in America. Inspired, he put out records by the Necros, Fix, Meatmen, and Negative Approach. Tesco's interest in the label waned around 1982 and he handed it off to Corey Rusk, the Necros' bass player.

Related Topics:
Independent record label - Chicago - Illinois - USA - East Lansing - Michigan - Magazine - Tesco Vee - Hardcore - Necros - Fix - Meatmen - Negative Approach - Corey Rusk

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They are well known, partly because of the influence of their catalogue, partly for their approach to recording contracts, pioneered (probably) by Factory Records. The deal was characterised by:

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• 50/50 deals. 50% of profits to artists after label recoups promotion and production costs;
• Oral contracts, a "handshake deal"

n.b. Currently they make bands sign a 1-2 page memo.

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