One of the most important documents in the talent industry is the agreement that governs the artist (talent) and personal manager relationship. Below are standard clauses found in a typical agreement, but it should serve simply as a guide to understanding artist management contracts.Most management agreements base the manager's commission on gross income that an artist earns from any activities in the entertainment business. Think what your business is. What you want to do. Artist Management Agreement. This agreement is made and entered into as of the 25th day of October, 2002. An Artist Management Contract serves as your legal safety net, ensuring that both you and your manager know exactly what's expected. The packed shows, sold out music, and high demand put HipHop on the industry's radar and had began to look at it as a lucrative business. Shawn Corey Carter (born December 4, 1969), known professionally as Jay-Z, is an American rapper, businessman, and record executive.