I don't know about your contract(s), but most of my FMO contracts address this issue. If it is not addressed in the contract, it's a crap shoot. At that point, you can hire an attorney if you don't get what you think you should.
My point is, read your contract. Don't sign a contract you don't understand, and look for another FMO if he doesn't treat you right. Next time you are offered a contract, make the FMO spell out this provision if it isn't included.
My point is, read your contract. Don't sign a contract you don't understand, and look for another FMO if he doesn't treat you right. Next time you are offered a contract, make the FMO spell out this provision if it isn't included.