Legal Term
talent agent agreement for actor royalty splits
Legal Definition
A contractual arrangement between a talent agent and an actor that specifies the proportional division of ongoing royalty payments, such as residuals from film, television, or other media performances, with the agent's share typically constituting compensation for securing the original engagement.
In Plain English
This contract outlines how much of an actor's future earnings from things like reruns, streaming, or syndication goes to their talent agent.
Example in a Contract
Agent shall be entitled to a commission of ten percent (10%) of all gross royalties and residuals received by Actor from any engagement procured by Agent, including without limitation television reruns, streaming revenue, and international sales. Such commission shall be paid within thirty (30) days of Actor's receipt of the corresponding funds, and Agent's right to such commission shall survive termination of this Agreement for engagements secured prior to termination.
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