A good artist contract sets forth the deliverables for the project being completed. This usually includes all details regarding project timeframes, the type of work being completed, the number of revisions expected, and the delivery dates.
A pactum is an agreement or convention, usually falling short of a contract. It is a type of agreement that is enforceable by law, but not as strong as a contract.
Example: If John promises to give Jane $100 for no reason, and Jane agrees to the promise, this is a nudum pactum because there is no consideration exchanged between them. If John fails to give Jane the $100, she cannot legally enforce the promise because there was no consideration.
The contract term period typically ranges from 1-3 years for young artists or those just starting out. Long-term agreements, which can be 5-10 years long or longer, are usually offered to more established and accomplished musicians or those with a successful track record.
The Artist's Reserved Rights Transfer and Sale Agreement (also known as the Artist's Contract or Projansky Deal) is an open-source legal contract for the transfer and sale of an individual work of art in any medium, material or immaterial, including digital art.
: an informal agreement between two or more persons containing one or more promises and usually legally unenforceable even when supported by a sufficient consideration except for certain pacta declared enforceable by praetorian edicts and imperial constitutions if arising out of a lawful cause or inducement.
5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.