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.
Tour Manager Contract For Android In Philadelphia
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Basic Outline: Your Terms and Conditions Page. First things first: Your Terms and Conditions page or section needs to begin with a brief introduction stating the full company name, address of headquarters, and the statement that this is a contract between the company and the customer.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
The main purpose of a contract is to formalize new relationships and outline the various legal obligations each party owes to the other.
A tour operator agreement is a contract between a tour agency and a tour operator sets the terms and conditions of their business relationship. The contract includes details about what services will be provided, when, and what the compensation rate will be.
How long is a normal artist manager contract? The standard length of the management contract is three years but it can vary from 2 to 5 years on a case by case basis. Most contracts also include a "Sunset" clause.
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.
Business owners often sign these written agreements directly with the management company. This typically gives the management company operational control for an established period of time, usually for two to five years.
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.
Length of Contract The initial term should be no more than 18 months, with renewals to be no longer than three years. Never commit for any longer period than that, especially with an entity that you do not know well, regardless of how great you think he or she is today.
