Cohort Artist Payout Agreement
1. Introduction
This Payout Agreement ("Agreement") is made between Cohort ("we," "us," "our") and the artist ("you," "your") whose details are provided below. This Agreement outlines the terms and conditions related to the payment of funds to you for sales, commissions, and other income sources generated through Cohort.
2. Artist Information
Full Name:
Email Address:
Phone Number:
Mailing Address:
Preferred Payment Method (e.g., PayPal, Bank Transfer):
Payment Details (e.g., PayPal Email, Bank Account Information):
3. Payment Terms

1. Sales of Artwork:

   • Commission Rate: Cohort will retain a commission of 20% on the sale of your artwork.

   • Deductions: Costs such as shipping, marketing, and platform fees will be deducted from the gross sales amount before the commission is calculated.

   • Net Sales Amount: You will receive 80% of the net sales amount after the commission and any applicable costs have been deducted.

   • Payment Schedule: Payments for custom work will be made upon completion and delivery of the work, or as per the terms agreed upon with the client.

2. Other Income Sources:

   • Workshops, Classes, and Events: Income generated from workshops, classes, or events you conduct through Cohort will be subject to a commission rate of %20 unless otherwise specified.

   • Royalties: Any royalties from licensed works will be distributed according to a separate royalty agreement.

4. Payment Schedule

1. Frequency: Payments will be made on a monthly basis.

5. Payment Method

1. Preferred Method: Payments will be made using your preferred payment method as indicated above.

2. Processing Fees: Any processing fees associated with your preferred payment method will be deducted from your payout amount.

6. Taxes

1. Responsibility: You are responsible for all taxes, including income taxes, associated with the payments you receive.

2. Tax Documentation: Cohort will provide necessary tax documentation, such as 1099 forms (for US-based artists), as required by law.

7. Dispute Resolution

1. Notification: If you have any disputes regarding your payout, you must notify Cohort in writing within 5 days of receiving the payment.

2. Resolution: Cohort will review and resolve any disputes within 30 days of receiving the notification.

8. Termination

1. Voluntary Termination: You may terminate this Agreement at any time by providing 7 days written notice to Cohort.

2. Involuntary Termination: Cohort reserves the right to terminate this Agreement for any breach of terms or other valid reasons.

9. Changes to Agreement
Cohort reserves the right to modify this Agreement at any time. You will be notified of any significant changes, and continued participation will constitute acceptance of the revised terms.
10. Governing Law
This Agreement is governed by and construed in accordance with the laws of the State of New York. Any disputes arising under this Agreement shall be subject to the exclusive jurisdiction of the courts located in New York, NY.
11. Agreement
Acknowledgment:
I have read, understood, and agree to the terms and conditions outlined in this Payout Agreement.