Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
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.
5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.
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.
Kind of in general if it's a solo artist with hired musicians the artist has a bus of their own that maybe their tour manager and assistant are on, band and crew have a separate bus/buses, but a lot of times the artist will fly ahead anyway. If it's a long drive, like a few days, they may fly home in between.
Most employers prefer a degree in business management, music, communication, marketing, entrepreneurship or a related area. To stand out among the competition, additional recommended courses include psychology, business law, logistics, accounting or tourism and travel management.
How long is a normal artist manager contract? The standard length of the management contract is three years but it can vary from 2 to 5 years on a case by case basis. Most contracts also include a "Sunset" clause.
In general, road managers handle tour details for their specific band, while tour managers are used to oversee the logistics, finances and communications for tours as a holistic entity.
As a general rule, managers take a percentage of all income generated by the artist in exchange for their management services. Commission rates typically range from 15-25% of the artist's gross income from: Recording royalties: Sales, streaming and licensing of recorded music.
They travel alongside the artist and the crew, overseeing all aspects of the tour. They are responsible for coordinating venues, transportation, accommodations, and other logistical details. This ensures that the artist and their team can focus on their performances without distractions or disruptions.