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.
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.
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 generally take, on average, 10-15 percent commission. Fifteen percent is considered higher- end compensation in the industry. This should be clearly spelled out in your agreement with your personal manager.
Most actor contracts are between two and three pages long. The typical term for an actor contract is a certain a number of months after the film or play premieres, although some go on indefinitely. Term lengths can vary greatly! The typical term for an agent or manager contract for actors is about 12 to 18 months.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
An effective actor contract template should include the following sections: Personal details: Role specifics: Compensation: Duration: Termination clauses: Confidentiality: Health and safety: Intellectual property:
The Principal contract is used for all principal actors and most stage managers. The Chorus contract is used for those actors who are primarily performing chorus work. Each individual employment contract is referenced to a specific collective bargaining agreement and incorporates all of its terms.