An artist manageent agreement is the contract between the artist and the person or company they choose to manage their career. 1. Review the agreement sections thoroughly.The record label will usually retain ownership of the recordings you made during the term of your contract and will continue to sell them. It contains many unique insights and lots of valuable information. This is essential reading for managers, students, and artists in the music business. An artist management contract is a legal agreement between an artist or group and a manager.