u/LonelyCherry3321

Hi! I am a 20-year-old university student based in Vancouver, and a local agency wanted to hire me. I just wanted to double-check if there is anything that I missed out and whether this contract makes sense. If anyone knows about the industry/ has any relevant experience, please do not hesitate to discuss and give me some advice. Here is the main thing from the contract:

7. Model shall pay to Agency a sum equal to twenty percent (20%) of all monies, fees or other contributions received by Model, directly or indirectly, under all contracts of employment entered into during the term specified in paragraph eight (8), including reuse and residuals, whether originated by the Agency or not for modelling bookings, and 15% for bookings related to film/tv commercial bookings. The Model understands that Jager Management is entitled to receive from some or all clients a service charge or agency fee (“Client Fee”) over and above the fee received from the Model. In situations where the Model’s compensation includes the Client Fee, Jager Management is to deduct such fee from the gross compensation in addition to the Agency Fee. Model hereby grants to Agency a limited Power of Attorney to collect fees and monies earned or accruing to Model for all sources governed by this agreement and to remit to Model the net fee after deducting the aforesaid commission. This limited Power of Attorney includes the right of the Agency to deposit the proceeds in a general account prior to remitting the balance to Model. Model agrees to instruct clients, producers, advertising agencies and/or union office in writing on the face of all job contracts or on the release Model signs at the time of production to send all fees and monies due to Model directly to Agency. This limited Power of Attorney also authorizes Agency to sign Model releases on behalf of Model, and authorize reuse and residuals, whether originated by the Agency or not.