This form is an Artist Manager Agency Agreement. The artist desires to obtain the advice and counsel of a manager. The artist engages the manager as his/her exclusive personal manager in the entertainment, amusement, music, and literary recording fields. The artist acknowledges that he/she has been advised of his/her right to seek legal counsel in connection with the negotiation of the contract.
Michigan Artist Manager Agency Agreement
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FAQ
Management contracts are often drafted so as to cover all of an artist's activities in the entertainment industry. Whilst a musician may focus primarily on recording and playing live, their success may lead to other opportunities such as modelling contracts or the chance to publish their autobiography.
The Management Fee A standard management fee is usually around 15% - 20% of your earnings. Your manager takes a cut of proceeds from album sales, any label advance, and from the earnings from deals they have negotiated.
An artist manager is the professional representative and advisor for a musician or band. Managers help build an artist's career and get their client's music in the hands of producers and label executives, as well as negotiating contracts and setting up tours.
An exclusive contract means that only one manager is allowed to sign artists for the company at a time. And the manager will be able to sign an unlimited number of artists as long as each artist is only signed to one manager.
7 Essential Clauses in an Artist Management DealExclusivity. The manager is more likely than not, the artist's only manager, but the artist may not be the manager's only artist.Time.Manager's Management Services.Decision-Making.Commission.Expenses.Cash Flow.
While there is no set typical payment or commission rate for a manager, most managers earn anywhere from 10-25% of the artist's total income, typically the rate is between 15-20%.
At the end of the day, the most important words on the agreement are the names of the people who are signing. As an artist, you want a manager that you can trust, and who's a good fit with your work habits, style, communication and ambitions. The same goes for the manager. There needs to be a good fit.
They possess excellent communication and interpersonal skills, public relations skills, marketing and advertising skills, negotiation skills, leadership skills and basic computer skills. Artist managers must be friendly, independent, aggressive, and has the ability to work as part of a team.
How long is a normal artist manager contract? The standard length of the management contract is three years but it can vary from 2 to 5 years on a case by case basis. Most contracts also include a "Sunset" clause.
Artist Managers in America make an average salary of $89,110 per year or $43 per hour. The top 10 percent makes over $187,000 per year, while the bottom 10 percent under $42,000 per year.