US Legal Forms
Artist Management Agreement

Artist Manager Contract With Nike In Massachusetts

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

Control #:

US-0021BG

Format:

Instant download

Description

The Artist Management Agreement is a formal contract tailored for artists seeking professional management services, specifically in a relationship with Nike in Massachusetts. Key features of the agreement include the manager's commitment to represent the artist, negotiate employment terms, and supervise the artist’s professional engagements. It outlines the powers granted to the manager, including acting as attorney-in-fact for various career-related decisions and the authority to manage the artist's public persona and financial matters. Filling and editing instructions emphasize the need for personal information about both the artist and manager, as well as clear definitions regarding compensation, termination, and dispute resolution procedures. This form is vital for legal practitioners, partners, and management teams engaged with artists, providing clear guidelines for representation and business oversight. Additionally, it serves as a protective measure for artists, ensuring they receive proper counsel while allowing managers to efficiently promote and exploit the artist’s talents. Paralegals and legal assistants will find it useful for drafting or reviewing contracts to ensure legal compliance and clarity.

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FAQ

Length of Contract The initial term should be no more than 18 months, with renewals to be no longer than three years. Never commit for any longer period than that, especially with an entity that you do not know well, regardless of how great you think he or she is today.

How long is a normal artist manager contract? The standard length of the management contract is three years but it can vary from 2 to 5 years on a case by case basis. Most contracts also include a "Sunset" clause.

Business owners often sign these written agreements directly with the management company. This typically gives the management company operational control for an established period of time, usually for two to five years.

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.

Look for companies that have a track record of success in your genre and have experience working with artists at your level. Check their client roster and read reviews from other artists. You can also attend music industry events and conferences to network with managers and learn more about their companies.

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.

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.

5 Steps to Cancelling Your Property Management Contract Review the Contract's Cancellation Policy. Send Written Notice to the Property Management Firm. Plan for Any Termination Fees or Applicable Costs. Request Copies of All Records and Documents. Verify the Property Management Firm Notifies the Tenants.