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A talent management agreement is a contract between a talent management company and an artist or performer, outlining the terms and conditions of their working relationship.
Management agreements usually have a term between one and five years. The agreement can also provide for automatic renewals or extensions of the initial term. With agency contracts, the duration of most initial agreements is between one and three years.
Most actors or other entertainment talents retain an agent or manager to represent them. This usually involves signing a talent representation agreement that defines the services provided by the agent and the compensation received in return.
Most contracts have a termination clause that spells out how, and under what circumstances the contract may be terminated. You should be very clear about the language in this part of the contract, as many have an automatic renewal with a small window of time to send written notice that you are ending the agreement.
Often, agency contracts will have a mutual termination clause that allows either party to end the contract under specified circumstances. You should also review the rest of the agreement to determine if you have grounds to terminate based on a breach by the agent.