![]() ![]() 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. 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. In this way, he or she will spot details that may not be fair for an individual. We recommend that you bring your manager or an expert with you, though. By doing so, you can create a contract that is equally beneficial to artists and record labels. Conduct a MeetingĪside from using a specialized agreement template, it is also a big help if you formally meet the other party to discuss things. ![]() In this case, you will want to use an artist agreement for an exhibition instead of a recording contract. For example, you intend to host a paintings exhibit. But of course, there is no such thing as perfect agreement. Therefore, it is essential to use an agreement template that will fit both of your needs. 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. 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. You want to avoid getting scammed in this industry. However, don’t get caught up with the numbers just yet. How To Create a Well-Drafted Artist Agreement?ĭid 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. 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.
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