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.
Management Contract Music Artist With Highest Net Worth In Travis
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Multi-State
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Travis
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US-0021BG
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Word;
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Cactus Jack Records is a record label founded by American rapper and singer Travis Scott in 2017. As of 2024, current acts include Scott himself, SoFaygo, Sheck Wes, Don Toliver, and Chase B, Luxury Tax 50 while former acts include Smokepurpp. The label also has its own publishing branch, Cactus Jack Publishing.
Travis Scott - Chief Executive Officer - Cactus Jack | LinkedIn.
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What is Travis Scott's net income? Scott reportedly earns as much as $30 million to $40 million per year depending on his release and touring schedules.
A Sunset Clause is clause stating that a Contract will end after a certain date.
In public policy, a sunset provision or sunset clause is a measure within a statute, regulation or other law that provides for the law to cease to be effective after a specified date, unless further legislative action is taken to extend it.
Typically, the sunset clause will mention a gradual reduction in the management percentage often the percentage during the contracting period will be 20% and will be reduced to 10–15% the year after the contract has been terminated and 5–10% the second year.
A legal provision stating that the marketing authorisation of a medicine will cease to be valid if the medicine is not placed on the market within three years of the authorisation being granted or if the medicine is removed from the market for three consecutive years.
Managers usually takes a percentage of the artist's income. This typically ranges between 10 to 20% and is usually 15% for indie artists in my experience.
Sunset Clause (place after Term) A sunset clause specifies that the manager's commission rights extend for a period of time even after the termination of the agreement. For example, a 2-year sunset means the manager would still receive commission from any deals they negotiated during the contract term.