Talent Management Contracts Are Confusing – Learn the Facts First
So, a talent management company has interviewed you. The interviewer loved your modeling ability. They’ve now offered you a contract. But you don’t know a thing about talent management contracts which is why you don’t sign without knowing exactly what you are doing.
Note: I am not an attorney. Please check with an entertainment law firm if you have any questions about written talent management contracts or agreements.
You are bound to feel excited about getting listed for a week or so.
You are dreaming about things that are going to happen with your modeling career in the future. But wait! Don’t move too quickly. Watch the video about talent management contracts below. Take charge of your modeling future!
Don’t Be Confused by Talent Management Contracts!
If you have no prior experience of dealing with these talent managers or even modeling agencies, you are going to face problem at the time of negotiation. Your professional model career can suffer because of this.
Below are some modeling tips about model management contracts to help you know how to negotiate. Knowledge can help when you get listed with talent management companies. You need to know what to look for before signing management agreements.
Disclaimer: I am not an attorney nor a legal adviser and I suggest for you to hire one. This is especially true if you don’t understand the paperwork involved in listing with a modeling agency.
As a matter of fact, a good talent manager will consult you (for a fee). They’ll help you in dealing with the model agents when you are ready to talk with them. With that said; Let’s get started in helping you learn how to become a model.
What Kind of Talent Management Contract are You Signing?
When it comes to negotiating with a model management company, you need to be clear in your mind regarding what type of contract you are signing.
Generally speaking, there are two types of talent management contracts. These are:
What is an exclusive model agency listing? This means you are only going to work with your current talent management agency until the agreement period expires.
On the other hand, with the non-exclusive contract, you can work with any agency you want.
Unless you are signing with one of the top people in the country who either works for, or can get you listed with the biggest agents such as Ford, Elite or Next Model Agency New York, I would suggest the non-exclusive if at all possible.
This leaves your options open in case other model agents want to get modeling jobs for you.
Terms and conditions of model management agreements
Once you know more about your type of talent management contract, you’ll need to read the terms and conditions that are mentioned in the paperwork.
Before signing with a model agency, it is your responsibility to ensure that the talent or modeling agent only gets a commission from you when he/she directly provides the work.
There may be some companies offering talent management operating in the market right now that will force you to pay commission. Believe it or not, this can happen even when they have not played any role in the work being forwarded to you (such as freelance model work).
Actual talent agency commission percentage
You need to take into account the actual commission percentage that is being taken by your talent manager for the jobs you are doing.
As I am writing this piece, the standard percentage is in the range of 12 to 15 percent with some variations. So, if the agent is charging you more than 15 percent, it is advisable that you do not sign a contract with them.
If you are dealing with a business that is not recognized, you need to be extra careful.
Check them out first. Talk to some of their models if possible. You can also find out about them by checking with the Talent Managers Association (www.talentmanagers.org). They list many of the agents in the entertainment field.
In conclusion, a talent management contract is a binding agreement between you and the manager or modeling agency. Be certain it is in your best interest before signing. As I stated above – Get Help If Needed. Better safe than sorry.
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Filed under: Model Agency Tips