This form is used to establish an agreement between a manager or managment company and an artist with exclusivity provisions.
Oklahoma Exclusive Personal Management Agreement
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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.
The ?Artist's Contract,? or ?The Projansky Agreement,? as it is known in art and legal circles respectively, is a model contract for artists to use when selling their work or transferring ownership. Its most enduringly controversial aspect is the inclusion of an artist's resale royalty.
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.
How Do Managers Get Paid? Managers get paid a percentage of what the artist makes, unless you're an assistant manager at a management company, in which case you'd likely be on a salary.
Without the right balance, there can be a disconnect between between the two. Artists want to stay true to their creative and artistic ideals, and managers try to influence them to do what's going to help them reach their goals in the long run.
Contract agreements usually stipulate that the artist manager takes a fixed percentage of the artist's gross revenue. This fixed percentage is usually around 15-30 percent. Artist managers usually receive these fixed fees on a monthly, quarterly or annual basis.