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What is Artist Management Agreement?
Artist Management Agreement An Artist Management Agreement outlines the terms for artist representation, specifying management fees, contract duration, promotional efforts, and artist obligations.
Sample template:
ARTIST MANAGEMENT AGREEMENT
This Artist Management Agreement ("Agreement") is entered into on [Effective Date], by and between Sophie Michaels ("Artist") and Harmony Talent Management LLC ("Manager"), collectively referred to as the "Parties."
1. Engagement and Services
1.1. Engagement
Artist hereby engages Manager as their exclusive representative and manager in all aspects of Artist's career in the entertainment industry, and Manager hereby accepts such engagement under the terms and conditions set forth herein.
1.2. Manager Services
Manager shall advise, counsel and assist Artist in the reasonable selection of engagements, employment, contracts, and other business opportunities and shall provide direction, promotion, and coordination of Artist's career and screen, radio, television, advertising, merchandising, and public relations activities.
2. Term
This Agreement shall commence on the Effective Date and continue in force for a term of three (3) years, subject to the termination provisions contained herein ("Term").
3. Management Fees
3.1. Fee Percentage
As full compensation for the Manager's services, Artist shall pay Manager a sum equal to fifteen percent (15%) of the Gross Income derived by Artist as a result of the Manager's activities on behalf of the Artist during the Term.
3.2. Definition of Gross Income
For the purposes of this Agreement, "Gross Income" shall mean the aggregate of all monetary and other forms of compensation and considerations payable to or received by Artist (including, but not limited to, advances, royalties, merchandising income, endorsement income, and appearance fees) less taxes, documented and reasonable business expenses, and commissions to other professionals such as agents or attorneys, which directly relate to income-producing activities of Artist.
3.3. Payment Schedule
Manager shall submit invoices to Artist on a monthly basis, and Artist shall remit payment to Manager within thirty (30) days of receipt of invoice. Late payments shall be subject to an interest rate of 1.5% per month or the maximum rate allowed by law, whichever is less.
4. Promotional Efforts
4.1. Manager's Responsibilities
Manager shall be responsible for using their best efforts to develop, promote and advance Artist's career, including but not limited to, obtaining engagements, publicity, recording contracts, advertising, and public relations. Manager shall actively promote Artist to various industry professionals and provide introductions and networking opportunities to assist in furthering Artist's career.
4.2. Expenditures
Artist acknowledges that Manager may occasionally incur reasonable out-of-pocket expenses in promoting Artist's career. As such, Artist agrees to reimburse Manager for such reasonable and documented promotional expenses incurred on Artist's behalf, provided that Manager obtains written approval from Artist prior to incurring any such expense in excess of $500.
5. Artist Obligations
5.1. Cooperation and Communication
Artist shall use their best efforts to advance their career, keep Manager informed of all activities and progress in their career, and consult with Manager before making any decisions regarding Artist's career. Artist shall make themselves available for engagements, interviews, performances, promotional appearances, and professional commitments as reasonably advised by Manager and as agreed upon by the Parties.
5.2. Indemnification
Artist shall at all times indemnify and hold Manager harmless from and against any and all claims, liabilities, losses, and expenses arising out of any harmful, libelous or slanderous statements made by Artist or the Artist's actions which adversely affect the reputation of Manager.
6. Termination
This Agreement may be terminated by either Party upon written notice if the other Party breaches any material term or condition of this Agreement, provided that the breaching Party has been given thirty (30) days written notice, wherein they have failed to cure said breach.
7. Governing Law and Jurisdiction
This Agreement shall be governed by and construed in accordance with the laws of the United States and the State of [State], without regard to its conflict of law provisions. Any disputes arising under this Agreement shall be resolved through binding arbitration conducted in the State of [State] under the Commercial Arbitration Rules of the American Arbitration Association.
8. Entire Agreement
This Agreement contains the entire understanding of the Parties related to the subject matter herein and supersedes all prior and contemporaneous agreements, representations and understandings, either oral or written.
9. Amendments
This Agreement may be amended only by a written document signed by both Parties.
IN WITNESS WHEREOF, the Parties have executed this Artist Management Agreement as of the Effective Date.
_________________________ _________________________
Sophie Michaels Harmony Talent Management LLC
("Artist") ("Manager")
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Sections of an Artist Management Agreement
In this Artist Management Agreement, you will see the following sections:
- Engagement and Services
- Term
- Management Fees
- Promotional Efforts
- Artist Obligations
- Termination
- Governing Law and Jurisdiction
- Entire Agreement
- Amendments
Summary of the sections:
- Engagement and Services : This section establishes the relationship between the artist and the manager. The artist hires the manager to represent and manage their career in the entertainment industry, and the manager agrees to provide services such as advice, promotion, and coordination of the artist's career.
- Term : This section sets the duration of the agreement, which is three years in this case. It also mentions the termination provisions that may apply during this period.
- Management Fees : This section outlines the fees the artist will pay the manager for their services. The manager will receive 15% of the artist's gross income, with a definition of what constitutes gross income. It also specifies the payment schedule and late payment penalties.
- Promotional Efforts : This section describes the manager's responsibilities in promoting the artist's career, such as obtaining engagements and publicity. It also states that the artist will reimburse the manager for reasonable promotional expenses, with a requirement for written approval for expenses over $500.
- Artist Obligations : This section outlines the artist's responsibilities, such as cooperating with the manager and keeping them informed of their career progress. The artist also agrees to indemnify the manager against any claims or losses resulting from harmful statements or actions by the artist.
- Termination : This section explains the conditions under which either party can terminate the agreement. If one party breaches a material term or condition and fails to remedy it within 30 days of written notice, the other party can terminate the agreement.
- Governing Law and Jurisdiction : This section states that the agreement is governed by the laws of the United States and a specific state, and any disputes will be resolved through binding arbitration under the American Arbitration Association's rules.
- Entire Agreement : This section clarifies that the agreement contains the entire understanding between the parties and supersedes any previous agreements or understandings, whether oral or written.
- Amendments : This section states that any changes to the agreement must be made in writing and signed by both parties.
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