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