What exactly is a binder agreement and when during the booking process is this binder issued by the Agent to the Promoter?

Hi Daniel, the binder agreement is “typically” an agreement between the agency and the buyer that if the artist is available and accepts the offer that you will pay the deposit that was agreed upon.  Binder agreements are typically used by middle agencies, and usually require that the promoter make a deposit. The binder will be held in used for the artist if they accept the offer, and should be returned to the promoter if the offer doesn’t go through. It isn’t common for official agencies to use binder agreements, so chances are its a middle agent if this is required. Hope that answers your question.