Artist Manager Contract With Owner In Washington
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FAQ
An Artist Management Agreement is used by a personal manager to contract with a recording and performing musical artist to set the terms for managing the artist's career. The manager receives a percentage of all the income generated by the artist for the management services provided.
In the context of a management agreement, the sunset clause allows the manager to continue receiving commission after the end of the agreement.
Personal managers are often empowered to enter into binding contracts on behalf of the Artist through power of attorney. However, in contrast to agents, managers are not presently required to be licensed in California, nor are they regulated by the various guilds.
You can choose anyone you want as an agent for your California power of attorney, so long as that person is over the age of 18. When granting power of attorney, you are authorizing an agent to make decisions on your behalf. Often, the agent will be making those decisions when you are unable to make them on your own.
Personal managers are often empowered to enter into binding contracts on behalf of the Artist through power of attorney. However, in contrast to agents, managers are not presently required to be licensed in California, nor are they regulated by the various guilds.
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.
What a power of attorney can't do Change a principal's will. Break their fiduciary duty to act in the principal's best interests. Make decisions on behalf of the principal after their death. (POA ends with the death of the principal. Change or transfer POA to someone else.
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.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
