An artist statement is a not-too-long series of sentences that describe what you make and why you make it. It's a stand-in for you, the artist, talking to someone about your work in a way that adds to their experience of viewing that work.
Contracts like an artist agreement help avoid miscommunications and confusion over the rights and responsibilities of both parties involved. Artist agreements typically include availability expectations, performance markers, and licensing or ownership rights of the works created during the partnership.
Your Music Recording Contract should cover details like: Compensation and royalties. Where and when the album will be recorded. The album's release date. Who has creative control over specific elements of the album. The termination clause. The exclusive agreement clause. Dispute resolution. Promotional appearances.
It is a legal agreement that binds the Artist and the Company to fulfill all the terms and conditions contained in it. All Individual Artist Agreements must be in compliance with the respective Collective Bargaining Agreement.