What is the role of a contract owner?

A contract owner is the primary person responsible for overseeing the lifecycle of a contract within an organization. The role entails managing every aspect of the contract's execution, ensuring everyone upholds the terms and that the agreement aligns with organizational goals and compliance standards.

US Legal Forms
Artist Management Agreement

Contract Owner Vs Contract Manager In Los Angeles

Q: What is a contracting owner?

(4) (a) &quot;Contracting owner&quot; means a person who owns an interest in real estate and who, personally or through an agent, enters into an express or implied contract for the improvement of the real estate.

Category:

Contracts - Entertainment

State:

Multi-State

County:

Los Angeles

Control #:

US-0021BG

Format:

Instant download

Description

The Artist Management Agreement outlines the relationship between the Artist and the Manager, detailing the roles and responsibilities of both parties in Los Angeles. The contract specifies that the Manager will provide guidance to advance the Artist's career, including representing the Artist, negotiating contracts, and managing promotional activities. It also establishes the Manager's authority, indicating they can act as the Artist's personal representative and has the power to sign on the Artist's behalf. Key provisions include compensation details based on the Artist's gross monthly earnings, a termination clause, and fiduciary responsibilities of the Manager. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in managing talent in the entertainment industry, as it provides a clear framework for ensuring that the Artist's interests are protected while enabling effective management practices. Filling out this form requires careful attention to the terms of agreement, duration, and financial arrangements to ensure compliance and clarity between both parties.

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FAQ

The contract management services include negotiation, implementation and administration of contracts. With accuracy as the primary benchmark, a contract manager ensures that the contracts are drawn and executed in compliance with the company's policies and regulations.

For example, some employers may refer to a Contract Manager as either a Contract Specialist or a Contract Administrator.

A contract owner is the primary person responsible for overseeing the lifecycle of a contract within an organization. The role entails managing every aspect of the contract's execution, ensuring everyone upholds the terms and that the agreement aligns with organizational goals and compliance standards.

Owner duties and responsibilities that have arisen in typical disputes include: Providing financing for the project. Providing site surveys. Securing and paying for easements. Warranting the plans and specifications. Warranting owner furnished materials. Disclosing superior knowledge.

A Key Distinction The contract administrator will supervise the efforts before a contract is signed. The contract manager will manage the process after a contract is signed, ensuring all regulations and terms are properly followed ing to the contract agreement contents (ProcurePort, 2021).

(4) (a) "Contracting owner" means a person who owns an interest in real estate and who, personally or through an agent, enters into an express or implied contract for the improvement of the real estate.

What Is a Contract Holder? A contract holder is an individual or organization owed a return on a contractual obligation. If all parties meet the terms of the contract, the contract holder receives the full benefits outlined in the contract.

Definition and Citations: An entity or a person who grants a deal for an assignment and takes the responsibility of paying the contractor. Also known as principal, client, contractee or owner (project.