US Legal Forms
Artist Management Agreement

Sample Artist Management Contract With Agency In Hennepin

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:

Hennepin

Control #:

US-0021BG

Format:

Instant download

Description

The Sample Artist Management Contract with Agency in Hennepin is a legally binding agreement between an artist and their manager outlining the terms of their professional relationship. Key features include the manager's responsibilities, which encompass representing the artist, negotiating contracts, and supervising professional employment. The contract details the rights and authority granted to the manager and specifies compensation, which is typically a percentage of the artist's gross earnings. This document provides a defined term of three years, with options for renewal, and outlines termination clauses for both parties. It also addresses the manager's fiduciary responsibilities and mandates confidentiality regarding sensitive information. Filling out the form involves entering specific information, including names, addresses, and initial percentages for compensation, ensuring both parties understand their obligations and rights. The form is particularly useful for attorneys, partners, and other legal professionals in the entertainment industry, offering a structured format to facilitate negotiations and agreements between artists and managers.

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FAQ

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.

Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.

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.

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.

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.