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Talent Agreement
A talent agreement records certain documented promises issued by all those
engaged in the entertainment industry. The far reaching implications of a
talent agreement undoubtedly will overwhelm, if not simply confuse, any aspiring
entertainer. The binding nature of these agreements will affect the choices and
rights an entertainer will have well into their future.
A frequent fear of those involved in the entertainment
industry is the prohibitive nature a previously signed talent agreement may
place upon one’s career. The meticulously detailed and industry-adept a talent
agreement could possibly leave an entertainer unaware of the possible
implications and nuances a talent agreement may inject into their
career.
Some common considerations when
reviewing a talent agreement with a lawyer include:
- Obligations and responsibilities to be met
- Duration of the contract
- Exclusivity or non-exclusivity of the relationship between the entertainer and agency
- Percent and parties which are liable for financial loss
- The rights of the works created while under the talent agency
- Percent of commissions for talent and the talent agent
- Royalty agreements
- Future earnings agreements
- Mechanical and reproduction rights
An entertainment lawyer can not
only navigate an aspiring entertainer through the difficult paper trail of
understanding a talent agreement, but will also be able to assist an client with
counter negotiating unfavorable terms spelled out in the original talent
agreement. The informative clarity a lawyer can provide a client about the
terms and conditions of an agreement are numerous. The insight and clout an
entertainment lawyer offers their clients adds to knowledge an entertainer has
about their own value in the eyes of a particular company or the entertainment
industry as a whole, and after all, knowledge is power. With this additional
knowledge and power, an entertainer will be able to successfully sign a
favorable talent agreement and protect the future interests of their
careers.
It is highly advisable any
entertainer seeks the counsel of an attorney prior to signing a talent
agreement.
Contact an entertainment lawyer to review the detailed aspects of your talent
agreement today!
