Basic Artist Management Contract With Music Industry In Florida

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

Description

The Basic Artist Management Contract with the music industry in Florida serves to outline the professional relationship between an artist and their manager. This contract defines the responsibilities of the manager, including providing guidance and representation in the development of the artist's career, negotiating employment terms, supervising professional engagements, and handling publicity and promotions. The document specifies the term of the agreement, compensation structure, and outlines the rights and responsibilities of both parties. Filling and editing the form requires users to clearly insert names, addresses, and key specifics such as compensation percentages and duration of the agreement to ensure clarity and enforceability. The form is particularly useful for attorneys, partners, and owners in the music industry as it establishes legal parameters and mitigates conflicts. Paralegals and legal assistants can utilize this form to facilitate contract creation and management, ensuring compliance with applicable laws and industry practices. Furthermore, it supports artists by providing a clear framework to protect their interests while promoting their careers.
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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.

The common standard term for a management contract is typically between one and five years, but this can vary depending on the specific needs and goals of the parties involved.

Artist Manager Salary Annual SalaryHourly Wage Top Earners $400,000 $192 75th Percentile $400,000 $192 Average $246,250 $118 25th Percentile $92,500 $44

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

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.

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.

Your Music Recording Contract should cover details like: Compensation and royalties. Where and when the album will be recorded. The album's release date. Who has creative control over specific elements of the album. The termination clause. The exclusive agreement clause. Dispute resolution. Promotional appearances.

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.

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Basic Artist Management Contract With Music Industry In Florida