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 Management Form With Decimals In King
Category:
State:
Multi-State
County:
King
Control #:
US-0021BG
Format:
Word;
Rich Text
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FAQ
In most cases its one manager. However it is not uncommon for an artist to have two “managers” but each would be assigned different roles.
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 business management agreement formalizes the working relationship between a business and its manager. The contract will include information such as budgeting, the percentage of business revenue owed to the manager, and confidentiality requirements.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.
A great artist manager must be flexible, quick to adapt to change, and capable of making decisions under pressure. This entails keeping up with market developments, being receptive to fresh viewpoints, and being prepared to modify plans and strategies as necessary to keep the career of the artist on course.
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.
Good managers are patient. They are willing to work with an artist over a long career, executing their client's vision with a step-by-step plan. This requires developing intimate relationships with each client, relationships that take time to build.
Agents and business managers represent their clients to current or prospective employers, they handle contract negotiations, schedule appearances and performances, and may also manage travel arrangements, ticket sales, and advertising. Many provide legal and financial advice.
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.