What is an artist management agreement?

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.

What does a management team do for an artist?

Managers help build an artist's career and get their client's music in the hands of producers and label executives, as well as negotiating contracts and setting up tours.

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Artist Manager Agency Agreement

Minnesota Artist Manager Agency Agreement

Name: Minnesota Artist Manager Agency Agreement
Brand: US Legal Forms
Rating: 4.57 (488 reviews)

Category:

Contracts - Entertainment

State:

Multi-State

Control #:

US-KWP-0028

Format:

Instant download

Description

This form is an Artist Manager Agency Agreement. The artist desires to obtain the advice and counsel of a manager. The artist engages the manager as his/her exclusive personal manager in the entertainment, amusement, music, and literary recording fields. The artist acknowledges that he/she has been advised of his/her right to seek legal counsel in connection with the negotiation of the contract.

How to fill out Minnesota Artist Manager Agency Agreement?

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FAQ

Artist Managers in America make an average salary of $89,110 per year or $43 per hour. The top 10 percent makes over $187,000 per year, while the bottom 10 percent under $42,000 per year.

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.

In writing, preferably with the help of an attorney, your friend can terminate the agreement with a clear explanation of how the manager failed to live up to the expectations of their arrangement. Realistically, the manager's only recourse here is to sue for damages, for breach of contract, or for lost revenue.

The Management Fee A standard management fee is usually around 15% - 20% of your earnings. Your manager takes a cut of proceeds from album sales, any label advance, and from the earnings from deals they have negotiated.

An exclusive contract means that only one manager is allowed to sign artists for the company at a time. And the manager will be able to sign an unlimited number of artists as long as each artist is only signed to one manager.

While there is no set typical payment or commission rate for a manager, most managers earn anywhere from 10-25% of the artist's total income, typically the rate is between 15-20%.

How long is a normal artist manager contract? The standard length of the management contract is three years but it can vary from 2 to 5 years on a case by case basis. Most contracts also include a "Sunset" clause.

How Much Should An Artist Manager Get Paid? Manager salaries and commissions don't specify typically how much they earn. However, the typical pay and commission rate for a manager is somewhere between 15 percent 25 percent of artist salary.

Managers help build an artist's career and get their client's music in the hands of producers and label executives, as well as negotiating contracts and setting up tours.

An artist manager is nearly always required to take a fixed percentage (usually 15-30%) of the gross revenue (amount before deductions of costs).

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Minnesota Artist Manager Agency Agreement

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