North Dakota Artist Management Agreement

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

Description

It’s important that the business arrangement between a manager and their client (artist, musician, songwriter, producer, engineer, etc) be put into writing and signed by both parties in the form of an artist management contract or music manager agreement.
Even though disasters cannot always be avoided, obligations can be made much clearer and responsibilities more easily understood with the presence of a written artist management agreement. Before you get an attorney to draft a contract for you, however, you should first take stock of what you are prepared to do with and for an artist and what you expect out of the relationship.

A North Dakota Artist Management Agreement is a legally binding document that outlines the relationship between an artist or performer and a management company or individual in North Dakota. This agreement serves to clarify the roles, responsibilities, and expectations of both parties involved in managing the artist's career. The agreement typically begins with an introductory section that includes the names and contact information of the artist and the management company, as well as the effective date of the agreement. It may also specify the status of the artist, whether they are an independent contractor or an employee of the management company. Key terms and provisions of the North Dakota Artist Management Agreement include: 1. Scope of Services: This section outlines the specific services that the management company will provide to the artist, such as booking performances, negotiating contracts, promoting the artist's work, handling publicity and marketing, arranging travel and accommodation, and managing finances. 2. Term and Termination: The agreement specifies the duration of the management relationship, including the start and end dates. It may also include provisions for early termination or renewal of the agreement. 3. Compensation: This section details how the artist will be paid for their services, and the commission or fees that the management company will receive for their services. It may also include provisions for expense reimbursement and any additional financial arrangements. 4. Ownership and Intellectual Property: The agreement may address the ownership and control of the artist's intellectual property, including copyrights, trademarks, and other rights. It may specify how revenue from merchandise, recordings, or other types of intellectual property will be divided between the artist and the management company. 5. Representations and Warranties: Both parties may provide certain assurances and representations regarding their legal capacity to enter into the agreement, ownership of intellectual property, and compliance with laws and regulations. 6. Indemnification: This provision outlines the obligations of each party to indemnify and hold harmless the other party from any claims, damages, or losses arising out of the agreement or the performance of their respective obligations. 7. Dispute Resolution: The agreement may include provisions for the resolution of disputes, whether through mediation, arbitration, or litigation, and the jurisdiction or venue where such disputes will be resolved. It should be noted that there may be different types of North Dakota Artist Management Agreements, including exclusive management agreements, where the artist is allowed to work with only one management company, and non-exclusive management agreements, where the artist can engage multiple management companies simultaneously. Additionally, the terms and provisions of these agreements may vary depending on the specific needs and goals of the artist and the management company involved.

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FAQ

The typical fixed commission rate is 15 to 20 percent of gross income, but some managers work with a variable rate: For instance, 10 percent on income to $100,000, 15 percent on income to $500,000 and 20 percent above that.

Management contracts are often drafted so as to cover all of an artist's activities in the entertainment industry. Whilst a musician may focus primarily on recording and playing live, their success may lead to other opportunities such as modelling contracts or the chance to publish their autobiography.

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.

7 Essential Clauses in an Artist Management DealExclusivity. The manager is more likely than not, the artist's only manager, but the artist may not be the manager's only artist.Time.Manager's Management Services.Decision-Making.Commission.Expenses.Cash Flow.

At the end of the day, the most important words on the agreement are the names of the people who are signing. As an artist, you want a manager that you can trust, and who's a good fit with your work habits, style, communication and ambitions. The same goes for the manager. There needs to be a good fit.

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.

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%.

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 artist manager is the professional representative and advisor for a musician or band. 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.

They possess excellent communication and interpersonal skills, public relations skills, marketing and advertising skills, negotiation skills, leadership skills and basic computer skills. Artist managers must be friendly, independent, aggressive, and has the ability to work as part of a team.

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(H) the Artist will only be permitted to perform in the Artist's official solo/gigging/group/concert appearances Artist Management Company has exclusive right of approval to any recording to be made of Artist's performance (A) Artist Management Company is responsible for the recording Artist will be responsible for producing sound recording and/ or performance (B) Artist Management Company must maintain an accurate and complete record of Artist's appearances Artist Management Company must maintain all information pertaining to Artist's employment Artist Management Company may not charge Artist any additional fees or fees in addition to the reasonable fee to which Artist was engaged in performing as outlined in the Artist's agreement Artists obligations Artist obligations regarding any obligations to the Artist or Artist Management Company which are not expressly set forth herein will be satisfied to the mutual satisfaction of the parties as set forth in these clauses Any change in

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North Dakota Artist Management Agreement