It’s important that the business arrangement between a manager and their client (artist, musician, songwriter, producer, engineer, etc) be put into writing and signed by both parties in the form of an artist management contract or music manager agreement.
Even though disasters cannot always be avoided, obligations can be made much clearer and responsibilities more easily understood with the presence of a written artist management agreement. Before you get an attorney to draft a contract for you, however, you should first take stock of what you are prepared to do with and for an artist and what you expect out of the relationship.
Artist Manager Contract With Record Label In Hennepin
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Hennepin
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5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.
While it is not a requirement, it is generally recommended for an artist to have their own manager separate from their record label. The roles of a record label and an artist manager are distinct and serve different functions.
Look for companies that have a track record of success in your genre and have experience working with artists at your level. Check their client roster and read reviews from other artists. You can also attend music industry events and conferences to network with managers and learn more about their companies.
Managers usually takes a percentage of the artist's income. This typically ranges between 10 to 20% and is usually 15% for indie artists in my experience.
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.
How to get signed by a record label Define your sound. Build your online presence. Release high-quality music. Develop your industry network. Submit your music. Music managers and music lawyers.
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.
A common split of the profit is an equal 50/50 split between the label and artist, but a higher split may be agreed in favour of either party. The label will traditionally cover all or most costs upfront.
Scope of Responsibilities: Managers have a broader role, covering almost all aspects of an artist's career, while labels focus specifically on music production, distribution, and large-scale promotion.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.