From the course: Music Law: Recording, Management, Rights, and Performance Contracts
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Terminating a manager
From the course: Music Law: Recording, Management, Rights, and Performance Contracts
Terminating a manager
- Sometimes, management relationships end badly. For example, The Jefferson Airplane engaged in a bitter 21 year battle with their former manager during which they were blocked from receiving record royalties. A management contract can help avoid some of these problems, define each party's rights, and establishing rules for resolving disputes. Let's look at some of the contract provisions related to management artist breakups. The simplest way to end a management agreement is to let the time run out. The length of the agreement, that is, how long the manager has a job, is established in the term provision. It is usually in the artist's best interest to keep the initial term as short as possible, perhaps one or two years. Managers usually prefer a longer initial term, at least three years, because it often takes that long for the artist to gain traction. Keep in mind that we're only discussing the initial term. The parties are always free to renew the agreement for subsequent terms…
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