Contracts like an artist agreement help avoid miscommunications and confusion over the rights and responsibilities of both parties involved. Artist agreements typically include availability expectations, performance markers, and licensing or ownership rights of the works created during the partnership.
Generally, to be legally valid, most contracts must contain two elements: All parties must agree about an offer made by one party and accepted by the other. Something of value must be exchanged for something else of value.
Tour managers travel with musicians and crew members on touring journeys that can span the globe and last for months.
1. Commission-Based Earnings: The primary way artist managers earn their income is through a commission on the artist's earnings.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
They travel alongside the artist and the crew, overseeing all aspects of the tour. They are responsible for coordinating venues, transportation, accommodations, and other logistical details. This ensures that the artist and their team can focus on their performances without distractions or disruptions.
As modern concert touring involves complex financial, legal and technical arrangements, the booking agent or artist manager hire a tour manager to organize the logistics, personnel, communications and schedule. Concert tour managers are usually freelancers working on a tour-by-tour basis.
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.
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.