Indiana Exclusive Personal Management Agreement

State:
Multi-State
Control #:
US-ET0231-AM
Format:
Word; 
Rich Text
Instant download

Description

This form is used to establish an agreement between a manager or managment company and an artist with exclusivity provisions.

The Indiana Exclusive Personal Management Agreement refers to a legally binding contract between an individual (the client) and a personnel manager or management firm (the manager) based in Indiana. This agreement outlines the terms and conditions of the professional relationship between the client and the manager, specifically regarding the manager's exclusive representation and management of the client's career or personal affairs. In an Indiana Exclusive Personal Management Agreement, the client grants the manager exclusive rights to handle and represent their interests in various areas, such as entertainment, sports, business, or personal branding. These agreements typically cover a specific period, usually ranging from one to five years, and are often renewable or extendable by mutual consent. Keywords for Indiana Exclusive Personal Management Agreement: 1. Indiana: The agreement is specific to the laws and regulations of the state of Indiana. Compliance with state laws is essential. 2. Exclusive: The agreement grants the manager exclusivity in representing and managing the client's affairs, preventing the client from seeking other management services during the contract term. 3. Personal Management: The agreement covers the management of the client's career or personal affairs, including but not limited to bookings, negotiations, endorsements, scheduling, public relations, or financial management. 4. Client: Refers to the individual who seeks management services and agrees to be represented by the manager in their professional or personal endeavors. 5. Manager: Represents the personnel manager or management firm responsible for overseeing and promoting the client's career or personal interests. 6. Representation: Specifies the manager's role in negotiating contracts, securing opportunities, and handling various aspects of the client's career. 7. Contract Term: The duration for which the agreement remains in effect, typically one to five years, with provisions for renewal or extension. 8. Renewable: Allows for the agreement to extend beyond the initial contract term by mutual agreement between the client and the manager. 9. Compensation: Outlines the financial arrangements between the client and the manager, including commission structures, payment terms, and expenses. 10. Termination: Details the conditions under which either party can terminate the agreement before the contract term's expiration, such as breach of contract, non-performance, or mutual agreement. Different types of Indiana Exclusive Personal Management Agreements may exist based on the specific industry or field the client operates in. For example, variations may include Entertainment Personal Management Agreement, Sports Personal Management Agreement, Business Personal Management Agreement, or Personal Branding Management Agreement. These agreements cater to clients with distinct needs, ensuring that the manager's representation aligns with their specific career objectives or personal branding strategies.

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An easy example would be a software license agreement that comes with the sunset clause that a particular software version will no longer be supported after a specific date. This indicates that the software company will not have any obligation with respect that particular software after that 'sunset' date.

A sunset clause, or a sunset provision, is a contract in a regulation that will automatically expire on a specific date. A good sunset clause example is if the sunset clause date is reached, the sunset clause will provide an automatic appeal of the entire law. A sunset clause can be added to a BVO program.

An Artist Management Agreement is used by a personal manager to contract with a recording and performing musical artist to set the terms for managing the artist's career. The manager receives a percentage of all the income generated by the artist for the management services provided.

For example, a sunset clause will state that after the term (completion) of the manager's duties, the manager will still be paid additional commissions from the artist after the deal expires or terminates.

Most agreements will include a "sunset clause." A sunset clause reduces the percentage commission the manager is entitled to down to zero, typically over a three-to-five-year period after the contract term ends.

The industry standard for a manager to be compensated for his or her efforts is 15% ? 20% of the client's earnings. This includes album sales, label advancing, and from earnings from deals they have negotiated. Some do not take anything from merchandise sales and songwriting royalties, but this can be negotiated.

When writing a management contract, it's vital to include several things: Duration. Decide how long the contract should be in place. ... Expectations. Both parties must understand what is expected of them and how their performance will be measured. Payment. ... Dealing with a breach. ... Sign.

SUNSET CLAUSE. The Sunset Clause entitles the manager to receive a commission from any contract negotiated during the Term, even after the management contract terminates, and is one of the most important provisions for the manager in the agreement.

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Indiana Exclusive Personal Management Agreement