I have a 1 page contract from a talent agency – and I would like to know if you see any red flags?
Question by oneakmusic: I have a 1 page contract from a talent agency – and I would like to know if you see any red flags?
I was offered a contract from a well known talent agency… (only 1 page long)
I cannot afford a lawyer. Can someone look at this and just tell me in general terms if there is anything that raises red flags, or is this generally ok.
I just wanna be sure that this is an non exclusive agreement, and that I wont get raped…
Here it is:
Herein referred to as “THE AGENT”
and
……………………………………………………………………
Herein referred to as “THE ARTIST”,
and is dated this ……….. day of ………………….., 2009.
(1) THE ARTIST hereby agrees to allow ******* Management to represent him/her as his/her agent for a period of ………………………………from the date of the signing of this agreement.
(2) The rate of compensation to be paid by THE ARTIST to THE AGENT OF:
(a) 10% of all fees, royalties and commissions paid for employment contracts and employment as a composer for Theatre.
(b) 15% of all fees, royalties and commissions paid for employment contracts and employment as a composer for TV and Film.
(c) 20% % of all fees, royalties and commissions paid for employment contracts and employment as a composer for Commercial.
(d) THE ARTIST agrees to also pay 10% of all fees and commissions after the termination of this agreement with respect to any employment contracts entered into or negotiated for or to any employment accepted by THE ARTIST during the term of this agreement, or any extensions, options or renewals of said employment contracts or employment.
(3) To be entitled to the payment of compensation after termination of the contract between THE ARTIST and THE AGENT , THE AGENT shall be obligated to serve THE ARTIST and perform obligations with respect to any employment contract or to extensions or renewals of said employment contract or to any employment requiring the services of the artist on which such compensation is based.
(4) THE ARTIST does not pay to THE AGENT any fee if THE AGENT is paid by the Production by separate agreement.
(5) If necessary, THE AGENT may advise, counsel or direct THE ARTIST in the development or advancement of his/her professional career.
(6) THE AGENT shall, subject to the availability of THE ARTIST, use all reasonable efforts to procure employment for THE ARTIST in the field or fields of musical composing, songwriting, sound design, or other types of performance.
(7) In the event of the failure of THE ARTIST to obtain employment or a bona fide offer therefore from a responsible employer, in the field or fields of endeavor specified in the contract in which THE AGENT is representing THE ARTIST , for a period of time in excess of three consecutive months, such failure shall be deemed cause for the termination of the contract by either party; provided, however, that THE ARTIST shall at all times during such period of three consecutive months be ready, willing, able and available to accept employment and to render the services required in connection therewith. Notices of intention of either party to such a contract to terminate same must be given in writing to the other party to such a contract directed to the last known address of said party.
In the event THE ARTIST accepts employment prior to any written notice of termination, said right of termination is deemed waived as to all past periods of unemployment but not as to future three consecutive months of employment.
(8) In all cases of controversy between an THE AGENT and an THE ARTIST relating to the terms of the contract, the parties involved therein shall refer the matters in dispute according to the
Laws of United Kingdom.
Artist’s Name (printed) and Signature
……………………………………………………………………………..
Agent’s Name (printed) and Signature
……………………………………………………………………………..
Date ………………………………………………
Best answer:
Answer by keezymama
My question would be are those %s before or after taxes. At least here in the states that could make a very big difference as to how much you are really paying.
Know better? Leave your own answer in the comments!