A written document between the manager and the artist must contain a breakdown with all the details of their relationship. This will ensure that the manager and the artist know what to expect. Although the written agreement does not guarantee that there will be no conflicts, it does facilitate the management of these situations. There are a few clauses (sections) of the management contract that can be designed (in writing) to be beneficial to the artist or beneficial to the manager. Ideally, both the artist and the manager fully understand how each element of the agreement could be structured so that the agreement is reasonable. Before you create an artist management contract, you need to know what type you should use. The type depends on the manager, because managers have different management methods. Just be sure to include the basic clauses in the document you are creating. The two main types of talent management contract models are: • The industry standard for a compensated manager for their efforts is 15% to 20% of the client`s revenue. These include album sales, label advances, and revenue from the deals they negotiated. Some don`t take anything on merchandise sales and song copyrights, but it can be negotiated. You need to add how payments are made and who collects the money earned.• It is also important to note that the manager should not be responsible for business expenses for group promotion, business travel on behalf of the client, and other rational costs. Many pay their own phone or office fees.
Make sure you handle this fairly by providing receipts to the client. In the contract, also explain that all expenses exceeding a certain amount should first be agreed with the customer. If you don`t know the artist or manager well, you can first make a short-term deal. This allows you to get a better idea of the other person and see if you are adapting well professionally. It`s the same for managers. They would like to work with artists with whom they can have open discussions, especially on all the topics contained in the agreement. A good relationship is important, especially if the manager and the artist want to work together for a long time. “I alone,” a song that many of us may not have heard of yet, but have a title name that best describes an exclusivity clause. An exclusivity clause says that you are the only artist that the manager represents. This ensures that your music career has the full attention of your manager. He can focus all his efforts on the realization of a record, sponsorship or brand contract and other important contracts related to the artist. Finding an exclusivity clause in your contract is usually a good thing….