Companies use Loan-Out Agreement and Inducement Letters to ensure that the artist they are contracting through another entity is committed to that entity.
When a record company or other party deals with an entity for the personal services of the artists, it is technically the entity with which it is contracting, not the artist himself. Therefore, the record company will insist that the artists affirm their commitment to the entity, and thus to the record company via the entity. They do so by using the Artist Loan-Out Agreement and Inducement Letter.
This updated letter was designed for use inAll 50 States.
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3. Artist Loan-Out Agreement and Inducement Letter fill-in-the-blank form.
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