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 Contract Example In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-0021BG
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Word;
Rich Text
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To help you get started, take a look at a few basic components to include in your contract so you can better protect your art business. Client Info. Project Info and Terms. Project Timeline. Costs and Payment Terms. Itemization. Artist's Rights. Cancellation Terms. Acceptance of Agreement.
Here are some key components that are typically included in a Management Agreement: Introduction. Definition of Services. Term and Termination. Compensation and Fees. Duties and Responsibilities of the Manager. Duties and Responsibilities of the Owner. Accounting and Financial Records. Insurance.
Duration of the agreement Discuss the length of the agreement and set a definite expiration date with the artist. Make sure to include any conditions or exceptions that may affect the length of the agreement. Decide on the notice period for either party to terminate the agreement before the expiration date.
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.
For example, with respect to a bond-financed hospital, a contract to provide management services for the entire hospital, a contract for management services for a specific department of the hospital, and an incentive payment contract for physician services to patients of the hospital are each treated as a Management ...
Franchise agreements are ideal for large-scale expansion, while management agreements suit owners seeking operational support while retaining control and ownership of their business. If you operate a successful business, you may be looking for ways to grow and expand.
Most managers receive a percentage of the artist's gross income, typically between 15-30 percent. Before signing a management contract, artists should thoroughly review the terms and consider seeking legal advice. It's crucial to understand what you're agreeing to, as this contract can significantly impact your career.