Artist Investment Agreement Template for Nigeria

The Artist Investment Agreement is a specialized contract used in Nigeria's creative industries to formalize investment relationships between artists and financial backers. This document is essential when investors wish to provide capital for an artist's projects, career development, or specific artistic works in exchange for a share of future revenues or royalties. The agreement must comply with Nigerian legislation, including the Copyright Act, Investment and Securities Act, and relevant tax laws. It typically includes detailed provisions for investment terms, revenue sharing mechanisms, intellectual property rights, and operational obligations. This type of agreement is particularly relevant in scenarios where artists seek funding for album production, art exhibitions, film projects, or other creative endeavors while maintaining their artistic independence. The document serves both established artists and emerging talents, providing a structured framework for creative industry investments while protecting the rights and interests of all parties involved.

1. Parties: Identification and details of the Artist and Investor(s), including full legal names, addresses, and registration details if applicable

2. Background: Context of the agreement, including the Artist's work and the Investor's interest in supporting/investing in the Artist

3. Definitions: Key terms used throughout the agreement, including 'Artistic Works', 'Investment Amount', 'Revenue', 'Royalties', etc.

4. Investment Terms: Details of the investment amount, payment schedule, and any conditions precedent to investment

5. Revenue Sharing: Structure and percentages of revenue sharing between Artist and Investor, including calculation methods and payment terms

6. Rights and Obligations of the Artist: Artist's commitments, including creation/delivery of works, promotional activities, and reporting obligations

7. Rights and Obligations of the Investor: Investor's commitments beyond financial investment, including any management or promotional support

8. Intellectual Property Rights: Ownership and licensing of intellectual property, including copyright and exploitation rights

9. Term and Termination: Duration of the agreement, renewal terms, and circumstances for early termination

10. Accounting and Records: Requirements for financial record-keeping, audit rights, and reporting obligations

11. Representations and Warranties: Standard legal promises made by each party regarding their capacity and authority

12. Confidentiality: Obligations regarding confidential information shared between parties

13. Dispute Resolution: Process for resolving disagreements, including jurisdiction and applicable law

14. General Provisions: Standard legal clauses including notices, amendments, assignment, and severability