It’s important that the business arrangement between a manager and their client (artist, musician, songwriter, producer, engineer, etc) be put into writing and signed by both parties in the form of an artist management contract or music manager agreement.
Even though disasters cannot always be avoided, obligations can be made much clearer and responsibilities more easily understood with the presence of a written artist management agreement. Before you get an attorney to draft a contract for you, however, you should first take stock of what you are prepared to do with and for an artist and what you expect out of the relationship.
Sample Artist Management Contract With Agency In Tarrant
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State:
Multi-State
County:
Tarrant
Control #:
US-0021BG
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Word;
Rich Text
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Management Contracts Involving Hotels The contract is between the hotel owner and the management company, which takes over operation management. Sometimes, the contract is for only one of the outlets of the hotel, whereas in other instances, the contract may be for the entire hotel chain.
Managers' commissions are typically between 15 to 20% of an artist's gross income. Whether it's 15% or 20% really depends on the level of the band and the bargaining power of each party. I've seen some net deals, but they are extremely rare. That being said, I always push for a net commission on merchandise.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.
A business management agreement formalizes the working relationship between a business and its manager. The contract will include information such as budgeting, the percentage of business revenue owed to the manager, and confidentiality requirements.
How To Become An Artist Manager Understand Your Role: Managing Artists' Expectations. Educate Yourself. Become a Student Manager. Make College Friends. Join College Radio. Promote College Events. Acquire Your Own Clients. Help A Friend.
Quick find Considerations before you start a management company. How to start a management company. Choose a management company name. Know the specifics of who you want to manage and draw up a business plan. Get your management company incorporated. Hire support, especially for those areas you know little about. Scout talent.
Steps To Starting An Artist Management Company Build Your Artist Roster. Sign A Contract. Don't Quit Your Day Job Just Yet. Draft an Artist Management Company Business Plan. Make a Name for Yourself. Get Organized. Work With an Entertainment Accountant. Hire an Entertainment Lawyer.