An 18-year old female pop singer signs a recording contract with a…

An 18-year old female pop singer signs a recording contract with a record label. Both of her biological parents, who are also her legal guardians, witnessed the contract and waived independent legal advice on her behalf. She makes a $200,000 record under the contract with the record label’s money and then a year and a half later, makes her second record, also costing about $200,000 under the same contract. Is this contract now binding?

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