Join Richard Stim for an in-depth discussion in this video What will your manager do for you?, part of Music Law: Recording, Management, Rights, and Performance Contracts.
- Most management agreements lead off…with the section entitled Manager Obligations,…Manager Services or something similar that describes…the task the manager will perform for the artist.…Typical manager tasks include…advising the artist on the various ways to exploit…the music or musical performances,…hiring people to do things for the artist,…for example, hiring an accountant,…roadie or sound person and soliciting,…negotiating and closing business deals,…for example, with record companies or sponsors.…
If there are additional services that the…manager will perform, those should be listed too,…for example, managing the artist's social media,…handling non-music entertainment services,…maintaining the artist's website…or administering music publishing.…It is not uncommon in the early stages…of an artist's career for the manager…to take on the role of business manager,…handling accounting and finances,…or road manager, supervising touring.…If that's the case, these duties should…also be included in the agreement.…
For example, when it comes to record contracts, it's important to know how advances and royalties work, how to maintain creative control, and what happens when a member leaves a band. Rich also tackles management contracts, describing what managers can do for you—and what to do when you need to let them go. Next, he explores the basic terms, riders, and payment options in performance contracts. Then learn about releases, artwork permissions, publishing and producer agreements, and other types of legal arrangements. Rich wraps up the course with a discussion of oral agreements, attorney fees and roles, and five basic rules worth remembering for every music contract.
DISCLAIMER: This course is taught by an attorney (or other instructor) and addresses US law concepts that may not apply in all countries. Neither LinkedIn (including Lynda.com) nor the instructor represents you and they are not giving legal advice. The information conveyed through this course is akin to a college or law school course; it is not intended to give legal advice, but instead to communicate information to help viewers understand the basics of the topic presented. The views (and legal interpretations) presented in this course do not necessarily represent the views of LinkedIn or Lynda.com.
- Why bother with a contract?
- Understanding terms, options, royalties, and deductions
- Making provisions for marketing
- Including warranties and indemnity clauses
- Hiring a manager
- Understanding performance contracts
- Getting permission to use samples
- Creating a band partnership
- Record keeping
- Going through mediation or arbitration