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.
Personal Manager Contract With Nike In Illinois
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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.
A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
Although you don't have to hire a lawyer, you should. Entering into a legally binding agreement isn't something you should take lightly. Signing a document without fully comprehending the terms or your rights is dangerous. It can lead to significant unintended consequences and time-consuming legal battles.
Unless the contract says otherwise, you can sign it for yourself, have it witnessed and notarized.
Although a document must be signed by each party to be considered legally binding, the mere presence of signatures does not guarantee that an agreement is enforceable in court. To be considered a legally binding contract or document, three critical elements must also be present: Subject, Consideration, and Capacity.
To be legally binding a contract must include an offer, acceptance, and consideration. The contract should be in writing. There is no requirement for the involvement of a third person.
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Earlier this year, WNBA No. 1 overall pick Caitlin Clark made headlines by signing a groundbreaking endorsement deal with Nike valued at $28 million over the next eight years.
Meet The Nike Athletes and Their Partnerships Michael Jordan: The Deal That Changed Everything. LeBron James: The Billion-Dollar Bet. Cristiano Ronaldo: A Global Force. Tiger Woods: Transforming Golf's Image. Serena Williams: Championing Women in Sports. Kobe Bryant: The Legacy of Mamba Mentality.