A formal written agreement could not be better suited to artistic directors and managers. However, the process of discussing a music management agreement can help an artist and manager think about some issues they may not have yet. In addition, the agreement will help reduce the likelihood of future conflict, which is one of the endless ingredients of the music industry`s recipe for success. But whether you identify yourself as either „ready“ or „established,“ there are a few key clauses you need to pay attention to for each management agreement. If you don`t know the artist or manager well, you can opt for a short-term contract first. This allows you to have a better idea of the other person and see if you fit well professionally. If not, you can wait for the term to end, then you will find another artist or manager. But if you find that you can work well with the artist or manager, then you can renew your contract by creating a long-term contract. A written agreement between the artist and the manager should detail the details of the relationship to ensure that the artist and the manager are on the same side, which helps to avoid conflicts in the future. Underlines both the responsibility of the manager and the artist. The fact is that a verbal agreement to help an artist in exchange for 10% can give rise to arguments, an accelerated end of the relationship and/or to fear that the other person will one day take legal action when it comes to a lot of money. If the artist uses a loan or his own income to cover the costs, these amounts should be deducted from the income ordered by the administrator. The reason is that it is unfair for a manager to order the artist`s income or loans that are paid to third parties to invest in the artist`s career.
Otherwise, the revenues provided for the payment of expenses will be reduced before the artist can use them. We recommend that artists appoint a professional accountant who will take over all accounting tasks for the artist`s bank account and the payment of the management commission. It is always best to leave it to professionals to keep accurate books and records for transactions with money in the bank account. Similarly, an impartial third party, who manages the bank account in accordance with the terms of the administrative agreement, prefers the manager if he does so. We offer artist management contracts that you can download and modify. Now get your management contract for recording artists and live performance artists. Don`t insist on creating a perfect artist management contract yet. This informal period should continue until you agree that your professional relationship has proven to be a positive development opportunity in the art project. It may take a few months for both to feel safe, and it`s time to put it in ink.
Identifying the details of the violation is important if one of the parties does not meet the expectations set out in the agreement. The non-violation clause underlines how both parties will suspend the contract. 2. Gross or net revenues: „gross income“ generally refers to all income generated by the artist from all activities related to entertainment or credited to the artist – films, films, films, movies, tv, songs, shows, shows, and even advertisements. „Net income“ refers to „profits“ generated by the artist – essentially „gross“ minus current expenses. Understand what is included in each category and how specific they are. It is important to be on the same side about what the manager should do and the manager`s authority regarding the artist`s career.