A logbook of Artist – Manager (Record Company) Contract agreements useful for bookkeeping.
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131) Any notice, direction or other instrument required or permitted to be given to the parties shall be in writing and may be given by mailing or delivering the same or by fax or email addressed to the parties as follows: To the Manager: Tracy Weslosky & Terence Robinson 47 Avenue Rd., Suite 200 Toronto, Ontario M5R 2G3 Fax: 416.361.6228 [Email Address] [Email Address] To the Artist: Jennifer Elizabeth Schroder [Address] [Address] [Address] [Email Address] Any such notice sent by fax shall be deemed received upon faxing thereof; any such notice delivered shall be deemed received when delivered; and any such notice mailed shall be deemed received on the third business day following mailingSaid options shall be exercised automatically unless ninety (90) days prior to the end of the current the then term the Manager gives the Artist written notice to the contraryIn the event that the Artist for any reasons fails to fulfill any of the Artist's commitments, obligations or duties hereunder, without good or unavoidable reason or excuse, then, in addition to any other rights or remedies which the Manager may have, the Manager shall have the right, upon written notice to Artist at any time prior to the expiration of the term or any renewal, to terminate this agreement as of a date thirty (30) days after the Artist's receipt of such written noticeIn th event that Manager is not involved in the day-to-day management of Artist for a period of thirty (30) consecutive days, then the Artist may terminate this Agreement, provided Artist provides Manager with five (5) days written notice to cure any breach under this paragraph 18) The Manager is not required to make loans or advances to the Artist, but in the event that the manager does so, the Artist will make best efforts to repay the same promptly To the Manager: Tracy Weslosky & Terence Robinson47 Avenue Rd., Suite 200Toronto, OntarioM5R 2G3Fax:416.361.6228[Email Address][Email Address] To the Artist: Jennifer Elizabeth Schroder[Address][Address][Address][Email Address] Baker Law, LLC Your artist career is getting traction youre doing more shows, youre recording strong material, people want to work with you
Typical commissions range from 18 to 22 percent of artists gross earnings (that means before any deductions are taken off the top); the more experienced the manager, the higher rate s/he can commandIf the Artist shall receive any such sums directly or indirectly, the Artist shall hold same in trust as to the Manager's share (including expenses) and shall remit the same forthwith to the Manager35) Wherever required in this Agreement, the singular shall include the plural, and the masculine gender shall include the feminine and the neuterAssignability The manager will insist that the contract be assignable to another manager, while you will have no right to assign the contract to anyone 16) The Artist shall be solely responsible for payment of all reasonable costs and disbursements incurred by the Manager or the Manager's employees in furthering the career of the Artist, including, but not limited to booking agencies, fees, union dues, publicity costs, promotional or exploitation costs, traveling expenses and wardrobe expenses 24) The Manager agrees and understands that by virtue of this agreement the Manager stands in a fiduciary relationship to the Artist and the Manager shall be held to the highest standards of good faith and loyalty15) The Manager agrees to maintain accurate books and records of all transactions concerning the Artist, which books and records may be inspected or audited during regular business hours by the Artist or her nominee upon reasonable notice to the Manager and at the Artist's sole cost and expenseAssignmenta) The Artist hereby appoints the Manager for the term of this agreement and any renewals hereof as the Artist's true and lawful attorney-in-fact to generally to do, execute and perform any other act, deed or thing whatsoever deemed reasonable that ought to be done, executed and performed of any and every nature and kind as fully and effectively as the Artist could do if personally present, including, subject to the limitations set out in this agreement, the following: (i) to sign, make, execute, accept, endorse, collect and deliver any and all bills of exchange, cheques and notes as the Artist's said attorney; (ii) to demand, sue for, collect, recover and receive all goods, claims, money, interest and other items that may be due to the Artist or belong to the Artist; (iii) to make, execute and deliver receipts, releases or other discharges therefore under seal or otherwise and to defend, settle, adjust, compound, submit to arbitration and compromise all actions, suits, accounts, reckonings, claims and demands whatsoever that are or shall be pending in such manner and in all respects; (iv) to approve and permit any and all publicity and advertising; (v) to approve and permit the use of my name, photograph, likeness, voice, sound effect, caricature, literary, artistic and musical materials for purposes of advertising and publicity in the promotion and advertising of any and all products and services; (vi) to execute for the Artist in the Artist's name and/or on the Artists behalf, any and all agreements, documents, and contracts for my services, talents and/or artistic, literary and musical materials, provided that the Artist has been apprised of the material terms thereof and the Artist has granted the Management the authority to execute such agreements in each specific instance
Exclusivity The manager will expect that s/he will exclusively act as your manager, while s/he manages other clients non-exclusively10) After the termination of this agreement or the expiration of the term and continuing for a period of one (1) year thereafter; the Artist will continue to pay the Manager ten (10%) of gross monthly income as defined hereinCompensation While the managers commission is certainly important, you shouldnt focus too much on this percentage to the exclusion of other, perhaps more critical, componentsMutual Representations and Warranties 25) The Parties warrant that each is under no disability, restriction or prohibition with respect to such parties' right to execute this agreement and perform its terms and conditions and further warrant and represents that no act or omission by the Artist hereunder will violate any right or create any liability to any personNotwithstanding the foregoing, Management shall be available to Artist and shall act as her day-to-day manager
You should look to require that the manager meet certain agreed-upon milestones before s/he can exercise any option 5) The Manager may act as Executive Producer on the Artist's recording projects on separate terms to be negotiated between the Manager and the Artist and commensurate with terms generally offered by other booking agents in accordance with industry practice11) In the event that the Artist forms a corporation during the term hereof for the purpose of furnishing and exploiting the Artist's artistic talents, the Artist agrees that said corporation shall offer to enter into a management contract with the Manager identical in all respects to this agreement (except as to the parties thereto).Free Initial Consultation: (678) 999-3944 Tap Here To Call Us Entertainment Attorney Blog Musings Upon Music, the Arts and Sometimes Even the Law Entertainment Attorney Blog Published By Mark AThe Artist agrees to seek such advice, guidance, counsel and direction from the Manager exclusively and agrees not to engage any other agent, representative or manager to render similar services, and not to perform said services on the Artist's own behalf, and the Artist will not negotiate, accept or execute any agreement, understanding or undertaking concerning the Artist's career as a musician, recording or performing artist without the Manager's prior consent, which shall not be unreasonably withheld or delayedSchroder Witness Jennifer E 2ffeafca65
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