US Legal Forms
Artist Management Agreement

Basic Artist Management Contract For Artists In Chicago

Q: What is the typical commission for an artist manager?

Managers&#039; commissions are typically between 15 to 20% of an artist&#039;s gross income. Whether it&#039;s 15% or 20% really depends on the level of the band and the bargaining power of each party. I&#039;ve seen some net deals, but they are extremely rare. That being said, I always push for a net commission on merchandise.

Category:

Contracts - Entertainment

State:

Multi-State

City:

Chicago

Control #:

US-0021BG

Format:

Instant download

Description

The Basic Artist Management Contract for Artists in Chicago outlines the relationship between an artist and a manager, detailing the services rendered, rights, and responsibilities of both parties. Key features include the manager's role in guiding the artist's career, negotiating employment terms, and overseeing publicity and engagements. The contract specifies a three-year term with options for renewal and stipulates compensation as a percentage of the artist's gross monthly earnings. Filling instructions emphasize that the artist must provide accurate personal information, while both parties must understand their legal obligations. This agreement is particularly useful to attorneys and legal assistants as it provides a structured approach to artist management, ensuring both compliance and protection of rights. Additionally, it serves partners and owners in the entertainment industry by solidifying professional relationships, while paralegals can assist in maintaining document integrity and facilitating negotiations. Its straightforward language makes it accessible to individuals with varying levels of legal experience, promoting clarity in the artist-management dynamic.

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FAQ

Managers' commissions are typically between 15 to 20% of an artist's gross income. Whether it's 15% or 20% really depends on the level of the band and the bargaining power of each party. I've seen some net deals, but they are extremely rare. That being said, I always push for a net commission on merchandise.

Steps To Starting An Artist Management Company Build Your Artist Roster. Sign A Contract. Don't Quit Your Day Job Just Yet. Draft an Artist Management Company Business Plan. Make a Name for Yourself. Get Organized. Work With an Entertainment Accountant. Hire an Entertainment Lawyer.

As a general rule, managers take a percentage of all income generated by the artist in exchange for their management services. Commission rates typically range from 15-25% of the artist's gross income from: Recording royalties: Sales, streaming and licensing of recorded music.

Contracts like an artist agreement help avoid miscommunications and confusion over the rights and responsibilities of both parties involved. Artist agreements typically include availability expectations, performance markers, and licensing or ownership rights of the works created during the partnership.

A contract is mandatory for any commission. Write down every detail in the contract, such as the size and media of the artwork, your compensation, due dates for payments, who is responsible for framing, installation, delivery of the artwork, etc. If your client balks at signing a contract, WALK AWAY.

5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.