If a label deal is a dream of yours, then consider this information before you rush into anything. Roster Make sure the roster is not too big or else you won't be awarded the attention you deserve. Also, make sure the bands on the roster match the type of music you play. Publishing If the label wants part of your publishing, do not be surprised, but be sure your attorney protects as much of your publishing as possible. If the label wants a percentage, they will probably get it.
Options Find out how many options the label wants.
In-House Staff Find out if the label works together with independent promoters. It is a good sign when they do since this raises the chances that your record will be seriously and effectively promoted. Advertising Find out if the band has an advertising budget for releases. When pursuing a major label deal be absolutely sure that this is what you really want. Know who they've signed, who they've worked with, who they've worked for, etc.