What is a management contract in a hotel?

Under a hotel management contract, the owner of the hotel real estate and business appoints a management company to operate the hotel business on the owner's behalf. Some management companies are also brand owners, in which case the hotel will be operated under the management company's brand.

US Legal Forms
Artist Management Agreement

Sample Artist Management Contract For Hotels 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 Sample artist management contract for hotels in Chicago is a professional agreement designed to formalize the relationship between an artist and their manager. The contract outlines the services the manager will provide, including negotiation of contracts, supervision of professional employment, and marketing of the artist’s personality and talents. Notably, it specifies that the manager is not required to be exclusive to the artist, allowing them to work with other artists simultaneously. The agreement establishes the manager as the artist's attorney-in-fact, granting them authority to act on the artist's behalf in various matters related to their career. Compensation is clearly defined, including a percentage of the artist's gross earnings and stipulations regarding reimbursement for expenses incurred during management. The contract also covers termination clauses and the fiduciary responsibilities of the manager. This form is invaluable for attorneys, partners, and associates in the music industry, as it ensures that both parties understand their rights and responsibilities. Paralegals and legal assistants will find it useful for organizing and maintaining contracts, while hotel owners can use it to collaborate effectively with artists for events or performances.

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FAQ

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.

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.

Under a hotel management contract, the owner of the hotel real estate and business appoints a management company to operate the hotel business on the owner's behalf. Some management companies are also brand owners, in which case the hotel will be operated under the management company's brand.

Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.