Contract Management For Procurement In Wayne

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

Description

The Artist Management Agreement serves as a comprehensive contract outlining the relationship between an artist and their manager, detailing the manager's responsibilities in fostering the artist's career. It articulates the manager's role in representing the artist, negotiating contracts, and advocating for the artist in various artistic ventures. The agreement includes provisions regarding the term of management, compensation structure based on the artist's earnings, and the manager's rights to act on behalf of the artist in specific matters. It also emphasizes the importance of communication, requiring the manager to confer with the artist on significant decisions and expenditures. Key features include fiduciary responsibilities, mutual warranties, and the ability for either party to terminate the agreement under certain circumstances. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in the entertainment industry, as it helps ensure clear expectations and protections for both the artist and manager. By accurately filling out and customizing the agreement for specific situations, users can prevent misunderstandings and streamline the management process.
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FAQ

Exploring the key stages of the contract management lifecycle Stage 1: Contract Initiation. Stage 2: Contract Creation and Negotiation. Stage 3: Contract Approval. Stage 4: Contract Execution. Stage 5: Contract Monitoring and Management. Stage 6: Contract Renewal or Termination.

A: The role of a contract manager in procurement is to oversee and manage the contractual agreements between the organisation and its suppliers. They ensure compliance, mitigate risks and monitor the performance and fulfilment of contractual obligations.

Most Commonly: The Finance Team. This is the most common way of handling contract management in small companies. Typically the finance department is responsible for collecting contracts from vendors and customers, making sure that they are filled out correctly, and that they are filed appropriately.

Contract Management Best Practices in Procurement Establish clear contract objectives. Conduct thorough supplier evaluations and selection. Maintain open and transparent communication. Regularly monitor supplier performance against KPIs and SLAs.

6 contract management best practices Centralize and standardize agreements. Drafting contracts from scratch slows down contract creation. Set sensible key performance indicators (KPIs) ... Tracking obligations. Team collaboration and visibility. Automate communications.

Procurement acquires the resources your organization needs, while contract management builds and sustains a healthy and collaborative relationship with your supplier throughout the term of your contract.

All contract manager positions require candidates to have at least a bachelor's degree. There's no degree specifically for contract management, but having a degree in business, pre-law, or human resources may be a good way of preparing for this career path.

The stages of contract management can be broken down into pre-signature (creation, negotiation/collaboration, and review/approval) and post-signature (administration/execution, renewal/termination, and reporting/tracking).

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Contract Management For Procurement In Wayne