![]() Since the manager and the artist have now decided to work long-term, a more meticulous contract must be written. Once the term is over, usually the option to extend the agreement to a long-term contract is granted. Term (X months from the date of signing)ĭivision of labour can be added optionally.Commission (including reimbursement of manager expenses).It serves like a formal ‘Dating Phase’ and it can be very simply organized: Short-Term Agreement TemplateĪ short-term agreement can also be called a ‘Trial Period’. So if the band has 4 members, then you need 5 copies. You have to have as many original copies of this document and as many signatures in ink. The breach clause underlines how both parties will go about suspending the contract. Determining breach specifics is important in case either party fails to execute the expectations laid out in the agreement.This is a time in which clauses can be renegotiated. ![]() The usual contract is valid for one year, with options to extend the agreement with the consent of both parties. The term is the length of the Agreement.Also, will you have the right to sign certain agreements on behalf of the artist? Term Further along when the project is able to afford other people to do work for you (publicists, booking agents, graphic designers, etc.), it will be your job to make sure these people are doing everything efficiently. If you’re working with a new band, with little capital, they may want you to promote them to labels, get them gigs, etc. This outlines the job expectations from both parties.Also, explain in the contract that any expenses that exceed a certain amount should be cleared with the client first. Make sure you handle this fairly by providing the client with receipts. Many pay for their own phone or office costs. It is important to note, additionally, that the manager should not be responsible to pay for business expenses for promoting the band, business trips on behalf of the client, and other rational costs.You need to add how payments will be made and who will collect the money earned. Some do not take anything from merchandise sales and songwriting royalties, but this can be negotiated. This includes album sales, label advancing, and from earnings from deals they have negotiated. The industry standard for a manager to be compensated for his or her efforts is 15% – 20% of the client’s earnings.Some countries follow different industry practices. Below are standard clauses found in a typical agreement, but it should serve simply as a guide to understanding artist management contracts – that every situation is different, with its own unique set of circumstances. ![]() Once these basic standings are determined and agreed by both parties, you can go about drafting a more extensive, detailed contract. However, you should see the same basic clauses in all contracts.ĭownload our Free Artist Management Start-up Kit! The Deal Memoīefore a full contract is written, perhaps with the help of an attorney, you should pinpoint your objectives and what you’re prepared to do with your client, as well as what you expect out of the agreement, in what is called a deal memorandum. It can take a few months for both to mutually feel safe, and that’s when the time for putting it down to ink has come.īefore you read about the short-term agreement, it is important to understand that this info is generic, since many managers have different management methods. This informal period should go on until the both of you agree that your professional relationship has proven as opportunity for a positive development in the artistic project. This time serves to build the relationship to test if both parties can get along and if they are serious/professional about their work.ĭon’t stress about creating the perfect artist management contract just yet. ![]() Many managers devotedly stick to an approach known as the “Dating Phase”, a period of time when both artist and manager agree to work together in an informal fashion. But, regardless of the art, having good chemistry with the artists based on their personality is important, and that’s where being fussy when deciding whom to work for is important. Before Signing An Artist Management Contract: The Dating PhaseĪlthough it is recommended for a startup manager to not be picky with whom he or she first chooses to work for, always keep in mind that believing in your clients’ art is one of the primary foundations for success – whatever you define success as. ![]()
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