Basic Artist Management Contract With A Company In Salt Lake

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

Description

The Basic Artist Management Contract with a company in Salt Lake is designed to outline the relationship between an artist and their manager, facilitating the artist's career development as a musician and performer. It defines the services the manager will provide, such as representation, negotiation of deals, and supervision of employment opportunities. The contract stipulates the authority vested in the manager, including the ability to make decisions on behalf of the artist in business matters related to their career. Compensation details are clearly outlined, specifying a percentage of the artist’s gross monthly earnings as payment to the manager. Specific provisions address the duration of the agreement, terms for termination, and handling of earnings and expenses, ensuring transparency in financial dealings. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in the entertainment industry, providing a structured legal framework that protects the interests of both the artist and manager while facilitating effective career management. Additionally, it serves as a reference point for negotiation, ensuring that both parties understand their rights and obligations under the contract.
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FAQ

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 contract is mandatory for any commission. Write down every detail in the contract, such as the size and media of the artwork, your compensation, due dates for payments, who is responsible for framing, installation, delivery of the artwork, etc. If your client balks at signing a contract, WALK AWAY.

Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.

Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.

Contracts like an artist agreement help avoid miscommunications and confusion over the rights and responsibilities of both parties involved. Artist agreements typically include availability expectations, performance markers, and licensing or ownership rights of the works created during the partnership.

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.

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

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.

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.

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Basic Artist Management Contract With A Company In Salt Lake