What is an artist management agreement?
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.
What is a music management contract?
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.
How do I terminate a music management contract?
In writing, preferably with the help of an attorney, your friend can terminate the agreement with a clear explanation of how the manager failed to live up to the expectations of their arrangement. Realistically, the manager’s only recourse here is to sue for damages, for breach of contract, or for lost revenue.
What does an artist manager do in the music industry?
Artist managers shape their clients’ careers both in a day-to-day and long-term sense. They often help clients book gigs, plan album projects, orchestrate record releases and tours, create marketing and merchandising strategies, get paid for their work, and establish and pursue long-term career goals.
How much should you pay a music manager?
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.
What happens if you break a music contract?
Sometimes, artists will break their end of the contract to force the label to seek termination of the contract. This can be risky and can result in lawsuits. Sometimes artists will quickly make a few records to fulfill their requirements as well. Any of these scenarios requires a lawyer.
How do you get out of an artist contract?
Sometimes if you have a personal manager they may negotiate the major deal points. Try and limit the term, meaning how long the contract will last. For instance, if a manager requests a four-year term, perhaps you can negotiate it down to three years. If the term ends, you can always try to renew it.
This document is an agreement between an artist and a manager for management services. Includes scope of representation, terms of authority, rights and compensation, as well as other important clauses. Compensation is by per cent of earnings.
Do you need a music management contract?
So here’s the first one: management contracts. As I wrote in “ Now You Know Everything about Music Managers ,” managers have never played a more important role in the music business than they do today. If you have taken or are ready to take the next step in your music career, you probably need one.
Can a manager be involved in a music artist’s career?
As drafted, this clause limits the Manager’s involvement with the Artist’s career purely to the Artist’s activity within the music industry or to activities (such as merchandising and sponsorship) which arise directly because of those musical activities.
How does the artist receive monies paid to the manager?
If the Artist shall receive any such sums directly or indirectly, the Artist shall hold same in trust as to the Manager’s share (including expenses) and shall remit the same forthwith to the Manager. The Manager will collect and receive any and all monies payable to the Artist with respect to the Artist’s professional career.