The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. In some states, elements of consideration can be satisfied by a valid substitute.
Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.
A good artist contract sets forth the deliverables for the project being completed. This usually includes all details regarding project timeframes, the type of work being completed, the number of revisions expected, and the delivery dates.
During the Term of this Agreement, you will not enter into. any agreement which would interfere with the full and prompt performance of. your obligations hereunder, and you will not perform or render any services for. the purpose of making Records or Master Recordings for any Person other than. Company.
It outlines the terms and conditions of the artist's recording and distribution of music. This contract specifies the rights and responsibilities of both parties, including details about the production, promotion, and financial aspects of the music released under the label.
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.
The core of the artist's team consists of publishers, record labels, concert promoters and booking agents. The Artist Managers are the grand overseer of that whole team, and they are the ones getting that band together in the first place.
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.
An artist licensing agreement allows an artist while retaining full copyright ownership of their work, to grant permission to another party to use their art.
5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.