Understanding the Pitfalls of Entertainment Contracts
There are many uses for Entertainment Contracts. They can be used for live performances in concerts and on stage, or even in private parties and clubs. TV and radio are another place they can be utilized. The film industry is another way these agreements will be used. It is very important to know exactly what you are getting into and having one of these agreements will safeguard your interests. It is wise to familiarize yourself with what this agreement entails by taking a look at some examples. If you want to take a look at some of these agreements, samples can be found online.
Entertainment contracts for live performance agreements: This is a common use of these agreements. Although many of these agreements can be worked out verbally it is good to use a legal agreement in writing if possible. This will protect you from any misunderstandings, or sudden changes.
Some important questions should be considered consider when signing an agreement for a live performance are:
· How you will be compensated? There are 3 basic ways to be paid;
i. A fee or lump sum
ii. A portion of the ticket sales
iii. A predetermined fee and a portion of the ticket sales
· Who is hiring you? An important part of the Entertainment contract will be determining who will be hiring you. This will usually be a promoter or the venue. If the promoter belongs to the venue then you will only have to pay his fees. if he is from a third party you may have to pay both the venue and the promoter. It is wise to straighten this out so that you do not find yourself paying large amounts in fees.
· Which person is signing the agreement? As a solo artist, just starting out this will very likely be you. if you have a group or band then one person from the group is usually designated to sign for all the members. A manager can also perform this service.
· Sales and your rights: An Entertainment contract will help to sort out what portion of the sales you will receive and what the club may get. If you are lucky you will get the entire profits from the CDs, DVDs etc that can be made and sold from your live performance. However the club may also request commissions of up to 40%.
· Conditions for cancellations: it is important to understand about cancellations and to try to make sure that you can get some money if the show is cancelled. The amount of money, if any , that you will receive will depend how badly the club wants your services.
Related Tags: music, record label, recording studios, contracts, musicians, recording, music production, recording contracts, recording studio, self-promotion for recording contracts
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