Are You Scared About Signing Talent Management Contracts with Agencies? Talent Management Contracts Are Confusing – Learn the Facts First
Well, it’s okay to start out a little scared. But, do talent management contracts right and you’re on your way to some cool modeling jobs, hopefully.
So, a talent management company interviewed you. And, the interviewer loved your modeling ability. Now, they’ve offered you a contract.
But, you don’t know a thing about talent management contracts. And, this 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 model agency agreements.
You are bound to feel excited about getting listed for a week or so.
You dream about things that are going to happen with your modeling career in the future. But wait! Don’t move too quickly.
First, watch the video in the middle of this page more than once. Then, 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 modeling agencies, you are going to face problems at the time of negotiation. And, your professional model career can suffer because of this.
Below, find some tips about management contracts to help you know how to negotiate. Knowledge helps when you get listed with talent management companies.
And yes, you do need to know what to look for before signing these 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 consults with you (for a fee). They help you deal 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 better model.
What Kind of Model 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, you’ll find two types of talent management contracts. These are:
What is an exclusive model agency listing?
Exclusive means you work with your current talent management agency only. This continues until the agreement period expires.
On the other hand, when you sign a non-exclusive contract, you can work with any agency you want.
So, 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 suggest the non-exclusive if at all possible.
And, 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 must read the terms and conditions mentioned in the paperwork.
Before signing with a model agency, it is your responsibility to ensure that the agent only gets a commission when he/she directly provides the work.
Some companies offering talent management in the market right now, force you to pay commissions.
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
As I am writing this piece, the standard percentage generally ranges between 12 to 15 percent – with some variations. So, if the agent charges you more than 15 percent, it is advisable that you do not sign a contract with them.
And, if you deal with a business that is not recognized, you should be extra careful.
Check them out first. Then, talk to some of their models if possible.
Also, check with the Talent Managers Association (www.talentmanagers.org). They list many of the agents in the entertainment field.
If you are ready to take that next step to learning how to model, check out my book below. It’s available on Kindle and ready for instant download. Just click the picture to buy now…
In conclusion, a talent management contract is a binding agreement between you and the manager or modeling agency. Be certain it pursues 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