Basic Artist Management Contract With Music Industry In Virginia

State:
Multi-State
Control #:
US-0021BG
Format:
Word; 
Rich Text
Instant download

Description

The Basic Artist Management Contract with the music industry in Virginia is designed to outline the professional relationship between an artist and their manager. This agreement establishes the manager's role in guiding the artist's career, including negotiating contracts, supervising engagements, and promoting the artist's brand. Key features include services provided by the manager, rights and authority, compensation structure, and termination clauses. For effective usage, the form includes clear instructions on filling out the necessary details and sections. It is essential for attorneys, partners, owners, associates, paralegals, and legal assistants within the entertainment law field, as it helps protect the rights of both the artist and the manager. The contract supports clarity in the roles and responsibilities of each party, ensuring that both parties understand their commitments and can effectively manage disputes if they arise. Additionally, the contract can be tailored to meet specific needs, reflecting the unique circumstances of each artist-manager relationship.
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FAQ

The common standard term for a management contract is typically between one and five years, but this can vary depending on the specific needs and goals of the parties involved.

Artist Manager Salary Annual SalaryHourly Wage Top Earners $400,000 $192 75th Percentile $400,000 $192 Average $246,250 $118 25th Percentile $92,500 $44

5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.

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.

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.

Your Music Recording Contract should cover details like: Compensation and royalties. Where and when the album will be recorded. The album's release date. Who has creative control over specific elements of the album. The termination clause. The exclusive agreement clause. Dispute resolution. Promotional appearances.

Here are some steps you can follow to start your career as a music manager: Earn a bachelor's degree. Complete an internship. Stay updated on trends in the industry. Apply for jobs with established artists or companies. Find your own clients.

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.

Managers typically receive 15% to 20% of the artist's gross earnings (before any expenses are deducted), but this figure can vary from contract to contract. For example, a manager might start at 20% and decrease his or her cut to 15% after a period of time or once the artist achieves a certain level in their career.

A Music Recording Contract is a legal agreement between a music recording company and an artist or group that creates music. Recording companies use the contract to outline the terms for creating recorded music with the artist. Your Music Recording Contract should cover details like: Compensation and royalties.

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Basic Artist Management Contract With Music Industry In Virginia