From the course: Music Law: Recording, Management, Rights, and Performance Contracts
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From the course: Music Law: Recording, Management, Rights, and Performance Contracts
Before you sign
- I'm going to discuss management agreements. Contracts in which a manager agrees to perform certain services, in return for a percentage of an artist's income. The management agreement describes the manager's tasks, explains how the manager will be paid, and establishes how long the manager will work. Before entering into a management agreement, here are a few things an artist should keep in mind. The management contract is an exclusive arrangement. That is, the artist can't hire two managers at the same time. The exception to this rule would be if the artist has a career in another entertainment field in which the music manager has no expertise. For example, acting or writing. Even though an artist can't hire more than one manager, the management agreement usually allows the manager to manage many artists. Beware, however, that in some cases, managing many clients may lead to a conflict of interest. When a manager uses one act as leverage to get a better deal for another. If you're…
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