US Legal Forms
Artist Management Agreement

Rap Artist Management Contract With A Company In Franklin

Q: What is the typical commission for an artist manager?

Managers&#039; commissions are typically between 15 to 20% of an artist&#039;s gross income. Whether it&#039;s 15% or 20% really depends on the level of the band and the bargaining power of each party. I&#039;ve seen some net deals, but they are extremely rare. That being said, I always push for a net commission on merchandise.

Category:

Contracts - Entertainment

State:

Multi-State

County:

Franklin

Control #:

US-0021BG

Format:

Instant download

Description

The Rap artist management contract with a company in Franklin provides a structured agreement defining the relationship between an artist and their manager. Key features include the manager's responsibilities, such as representing the artist, negotiating contracts, and managing publicity, as well as the commitment of both parties to support the artist's career development. The contract specifies the duration of the agreement, the manager's compensation, and details regarding the management of the artist's income. It emphasizes the manager's fiduciary duty, stating they must act in the artist's best interest while laying out termination conditions in case of breach of contract. Filling and editing instructions highlight the need for both parties to add their details and negotiate terms such as compensation and the scope of services. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who work in the entertainment industry, offering a comprehensive framework for managing artist careers and ensuring legal protections are in place.

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Form popularity

FAQ

Artist Manager Salary Annual SalaryHourly Wage Top Earners $400,000 $192 75th Percentile $400,000 $192 Average $246,250 $118 25th Percentile $92,500 $44

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.

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.

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.

The common standard term for a management contract is typically between one and five years, but this can vary depending on the specific needs and goals of the parties involved.

5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.

This typically involves providing written notice within the specified timeframe and adhering to any other requirements stated in the agreement. Remember, getting out of a music management contract can be a complex process, and it's important to approach it carefully before terminating.

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.

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.

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.