An artist manageent agreement is the contract between the artist and the person or company they choose to manage their career. Learn about key elements of personal manager contracts for artists and why legal review is crucial.In addition to this cut, your manager will also receive compensation for expenses. Our resident Los Angelesarea talent agent on everything actors need to know about signing a new management contract. Equity contracts for individual members usually cover jobs in three categories: Principal, Chorus and Stage Manager. "Never sign on the spot.