Uncertainty can be bad in doing business. That’s why it is crucial to sign an employment contract and other types of contracts before you invest your effort, time, and other resources in something. Take the entertainment industry, for example. You can hear from the news and other means about artists suing the entertainment companies for breaching the contracts. Therefore, take time to obtain an artist agreement, regardless if you are an artist or talent acquisition company before you work with any organization. In this article, we will discuss more of it.
FREE 10+ Artist Agreement Samples
Before you do anything else, take a look at the following artist agreement samples and templates. The good thing with these templates is that you can download them in many formats, such as Adobe PDF. You can also check our article about artist contracts for more samples to choose from.
1. Sample Artist Agreement Template
2. Music License Agreement Template
3. Artist Agent Agreement Template
4. Artist Management Contract Template
5. Sample Artist Residency Agreement
6. Artist Management Agreement Template
7. Artist Licensing Agreement Template
8. Artist Management Agreements Format
9. Sample Side Artist Agreement
10. Artist Management Agreement Overview
11. Music Artist Agreement Sample
What Is an Artist Agreement?
An artist agreement is a legal document that an artist-producer or an owner of an artwork and an exhibition organizer or client can use to set proper expectations from both parties before they work together by allowing each party to specify its duties and responsibilities, just like other types of agreement, such as consultant contract agreement.
How To Create a Well-Drafted Artist Agreement?
Did you know that the global art market value reached 67 billion U.S dollars in 2018? This amount is 3 billion U.S dollars more than the previous year’s market value. However, don’t get caught up with the numbers just yet. You want to avoid getting scammed in this industry. Before you go ahead and work with agencies and record labels to sell your products, take time to acquire a fair artist agreement that will do good for both you and the other party by following these tips.
1. Use A Template That Covers Everything
If it is your first time creating an artist agreement, determining what you and the other party may want from each other to agree may take time. Therefore, it is essential to use an agreement template that will fit both of your needs. But of course, there is no such thing as perfect agreement. For example, you intend to host a paintings exhibit. In this case, you will want to use an artist agreement for an exhibition instead of a recording contract.
2. Conduct a Meeting
Aside from using a specialized agreement template, it is also a big help if you formally meet the other party to discuss things. By doing so, you can create a contract that is equally beneficial to artists and record labels. We recommend that you bring your manager or an expert with you, though. In this way, he or she will spot details that may not be fair for an individual.
3. Discuss The Payment
If you are having an artist agreement with a gallery, don’t forget to mention when you will get the payment for the sold products. The standard payment term for full payment is 30 days, but if you agreed for a different time frame, make sure you put it on paper. For more information about the payment contract, you can visit our article about the payment contract. It will also help if you discuss how much each party gets from every item that the gallery sells. If you are the owner of the artwork, we recommend that the commission that you agree for the gallery to receive does not exceed more than 50%.
4. Watch Out for Abusive Creditors
Not all countries or states have laws that protect artists while their produces are in the gallery. Therefore, including a clause stating that you are still the owner of the piece until the creditor pays the item in full when writing a contract for payment is smart.
What is Art Market?
The art market refers to the marketplace where buyers and artists or sellers of art commodities and services meet and initiate transactions.
Who can prepare for an artist’s agreement?
The artist agreement is not like an employee contract, where the employer is the one who creates and prepares the agreement. You can prepare the artist agreement if you are a promoter, talent manager or talent, such as a musician, singer-songwriter, novelist, or any writer, poet, filmmaker, dancer, actor or an actress, stage performer, muralist, painter, sculptor, fashion designer, photographer, illustrator, landscape artist, etc.
What are the different types of contracts that artists use?
There are different types of contracts that an artist or an artist manager can use in every deal that they get into, but the following are the ones that they usually use.
A consignment agreement is a type of agreement that artists prepare when they deliver their works to a gallery to sell them. In this situation, the artist is the consignor, while the gallery owner is the consignee. The gallery earns a commission if they sell an item and give the rest of the profit to the artist.
Another form of agreement that artists use is a license agreement. In this type of agreement, artists may earn money not by selling their finished products but by giving other individuals or companies permission to use their works for commercial and promotional purposes, such as featured TV advertisements.
Some entities want to acquire designs that the artists have not released on the market yet. Therefore, they prefer a “work for hire” type of agreement, such as a commission agreement. With this agreement, they prepare an agreement with the painters, and other types of artists to produce new artworks for them to buy.
By preparing an artist agreement, you can eliminate the certainty and security issues of getting yourself into a deal. In this article, we have tackled a few of the things that you need to know before creating one. However, as you agree to contracts in this sector, there is a big chance that you will encounter problems that we haven’t covered in this article. Still, you should not panic. When these things happen, do your research and approach the right person to help you.
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