Wyoming 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.

Wyoming Exclusive Personal Management Agreement is a legal document that establishes a mutually beneficial relationship between a manager and an individual seeking representation for their personal career or business. This agreement outlines the terms and conditions under which the manager will exclusively provide services to the client in Wyoming, USA. The Wyoming Exclusive Personal Management Agreement covers a wide range of professional fields, including but not limited to entertainment, sports, music, and acting. It serves as a formal contract that sets out the rights, obligations, and responsibilities of both parties involved. This agreement typically includes the following key components: 1. Identification of Parties: The agreement clearly identifies the manager and client, detailing their full legal names and contact information. 2. Scope of Services: The agreement outlines the specific services the manager will provide, such as career guidance, negotiating contracts, securing endorsements, arranging meetings, and managing finances related to the client's professional activities. 3. Exclusivity Clause: This clause confirms that the client agrees to work exclusively with the manager during the term of the agreement, preventing them from seeking services from any other personnel manager. 4. Term and Termination: The agreement defines the duration of the management relationship, outlining both the starting and ending dates. It also includes provisions for termination, such as breach of contract, non-performance, or mutual agreement. 5. Compensation and Commission: This section details how the manager will be compensated for their services. It usually includes a commission structure based on a percentage of the client's earnings from professional activities. 6. Confidentiality: The agreement ensures the confidentiality and protection of the client's personal and professional information by including a confidentiality clause. 7. Indemnification: This clause states that the client will indemnify the manager against any claims or liabilities arising from their professional activities. 8. Governing Law and Jurisdiction: It specifies that the laws of Wyoming will govern the agreement and any disputes that may arise. There may be various types of Wyoming Exclusive Personal Management Agreements, each tailored to specific industries or professions. Some notable examples include: 1. Wyoming Exclusive Personal Management Agreement for Actors/Actresses 2. Wyoming Exclusive Personal Management Agreement for Musicians 3. Wyoming Exclusive Personal Management Agreement for Athletes 4. Wyoming Exclusive Personal Management Agreement for Models 5. Wyoming Exclusive Personal Management Agreement for Writers These agreements will contain similar sections as described above but will include specific provisions and considerations unique to each industry. It is essential for individuals entering into such agreements to carefully review and negotiate the terms to ensure their interests are protected throughout the management relationship.

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To help you get started, take a look at a few basic components to include in your contract so you can better protect your art business. Client Info. ... Project Info and Terms. ... Project Timeline. ... Costs and Payment Terms. ... Itemization. ... Artist's Rights. ... Cancellation Terms. ... Acceptance of Agreement.

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.

We have discussed the first three stages of contract lifecycle management: contract request, contract authoring, and contract approval. The fourth stage of contract lifecycle management is contract execution.

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.

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.

An example of a management contract is a contract between a hotel owner and a management company where the management company runs the daily operations of the hotel on behalf of the owner.

How to create a contract management plan Define the contract scope and deliverables. ... Define your delivery goals and performance measures. ... Collect available resources. ... Lay out roles and responsibilities. ... Create a detailed timeline of delivery dates. ... Identify risks and how they can be managed.

A management contract is an arrangement under which operational control of an enterprise is vested by contract in a separate enterprise that performs the necessary managerial functions in return for a fee.

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Wyoming Exclusive Personal Management Agreement