US Legal Forms
Artist Management Agreement

Rap Artist Management Contract Format In Virginia

Q: What does an artist management team consist of?

The core of the artist&#039;s team consists of publishers, record labels, concert promoters and booking agents. The Artist Managers are the grand overseer of that whole team, and they are the ones getting that band together in the first place.

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 Rap artist management contract format in Virginia is designed to define the relationship between an artist and their manager. This agreement outlines the services the manager will provide, such as career guidance, negotiation of contracts, representation in employment matters, and marketing initiatives. Key features include the appointment of the manager as the artist's attorney-in-fact, allowing them to execute contracts on the artist's behalf, and a structured compensation plan based on the artist's gross monthly earnings. Important clauses cover the term of the agreement, termination provisions, and a fiduciary relationship stipulating that the manager must act in the best interest of the artist. Users of this form, including attorneys, partners, and paralegals, will find it crucial in ensuring that the rights of both parties are protected while also providing a clear framework for management services. Filling and editing instructions emphasize the importance of completing all blanks accurately and ensuring all modifications are documented in writing. This contract is particularly useful for new and emerging rap artists seeking structured management while ensuring they maintain creative control over their work.

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FAQ

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.

Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.

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

The core of the artist's team consists of publishers, record labels, concert promoters and booking agents. The Artist Managers are the grand overseer of that whole team, and they are the ones getting that band together in the first place.

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.

A business management agreement formalizes the working relationship between a business and its manager. The contract will include information such as budgeting, the percentage of business revenue owed to the manager, and confidentiality requirements.

Steps To Starting An Artist Management Company Build Your Artist Roster. Sign A Contract. Don't Quit Your Day Job Just Yet. Draft an Artist Management Company Business Plan. Make a Name for Yourself. Get Organized. Work With an Entertainment Accountant. Hire an Entertainment Lawyer.