If the manager gives you an agreement with a major label around 2017 (album released in June 2017), but you separate the companies in September 2017 it is right that the manager continues to take their commission on royalties from the sale of this album. After all, it was your hard work that brought you the agreement. But you skip five years and you have a new manager, if the former manager takes another commission on the old deals? Or the new manager should take over the Commission (given that he has not done any work for the deals). For example, to combat this problem, the management contract should include «sunrise provisions»: for the first five years after termination, the manager receives 20% commission for all contracts signed during the term, 15% for the next five years, 10% for the next five years and 5% for the next five years, after which he receives nothing. Of course, this is just one example and the actual amounts may vary depending on the situation. 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. Hi, Jamie, I had an interesting question. I have a label with two music publishers. Recently, a music agent met with our label as an executive partner. Look to see what kind of contract together. I think it`s a bit like an artist`s contract.
Unless it`s for a label. What incentives can I put into the treaty? And the real question is how long. It had to be thought that the basic 12 months would then automatically renew the contract with more recent responsibilities and higher incentives. If we achieve specific goals. I have a good idea. I`m not sure what else I think. He said we needed to restructure the contract. And absolutely agree. This describes both parties` employment expectations. If you`re working with a new band, with little capital, they might want you to send them to labels, have gigs, etc.
- Posted by wbase
- On 11 abril, 2021
- 0 Comments