US Legal Forms
Artist Management Agreement

Artist Management Contract Example In Illinois

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

Control #:

US-0021BG

Format:

Instant download

Description

The Artist Management Contract example in Illinois is a legal agreement outlining the relationship between an artist and a manager. This contract specifies the services the manager will provide to further the artist's career, including representation, negotiation, and supervision of professional engagements. It grants the manager authority to act on behalf of the artist while maintaining a fiduciary duty to act in the artist's best interests. Key features include the contract term, compensation structure based on the artist's gross earnings, and provisions for termination. Filling instructions include completing the agreement with the names of both parties, specifying compensation rates, and signing in the presence of witnesses. This document is particularly useful for attorneys, partners, and owners in the music industry to ensure clear terms between artists and their management. Paralegals and legal assistants can assist with the preparation and review of the contract to ensure compliance with relevant laws. Overall, this contract helps clarify expectations and protect the rights of both the artist and the manager.

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FAQ

Management Contracts Involving Hotels The contract is between the hotel owner and the management company, which takes over operation management. Sometimes, the contract is for only one of the outlets of the hotel, whereas in other instances, the contract may be for the entire hotel chain.

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.

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.

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

Below is an example of a management contract: ABC Consulting agrees to provide management services to XYZ Corporation for the period of January 1, 2022, to December 31, 2022. ABC Consulting will be responsible for managing the sales department of XYZ Corporation, including its employees, processes, and systems.

Examples of contract management Vendor contracts: Contract management might involve negotiating the terms and conditions, keeping track of delivery dates, managing disputes, ensuring compliance with the agreed terms, and renegotiating or terminating the contract as necessary.