Basic Artist Management Contract With Music In Philadelphia

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

Description

The Basic Artist Management Contract with Music in Philadelphia outlines the relationship between an artist and a manager, specifying the services to be provided by the manager to further the artist's career. Key features include the manager's authority to negotiate deals, supervise employment, and manage publicity for the artist, as well as the establishment of a fiduciary relationship requiring the manager to act in the artist’s best interests. The contract emphasizes that the artist grants exclusive representation to the manager, who will collect earnings and charge a percentage of gross revenues for services rendered. It also includes provisions for termination, confidentiality, and dispute resolution through arbitration. The form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants who work with artists, ensuring they understand both the legal implications and responsibilities set forth in the management relationship. This contract helps protect the artist’s interests and clarifies the manager's role, making it a valuable tool in the music industry.
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FAQ

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.

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.

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.

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

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.

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

What Percentage Do They Make? The most common, or easiest gauging point for management percentage, at least in North America, is 15 to 20% of gross artist revenue. I personally don't know of anyone who charges 15% of gross but I have heard through the industry that some people do. I personally hear of 20% more often.

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Basic Artist Management Contract With Music In Philadelphia