Band agreement intro

- Finally, let's talk about what happens at the end of that management contract. Now, if you've been a manager for any period of time, you know that managers get hired and in the end, they get fired. Now, if during that time, the manager has done their job, they will have negotiated contracts that provide income for years into the future, and those managers will argue that they're entitled to the fruits of those labors. For example, a manager negotiates a six-record album and publishing deal during the term of the agreement. Let's imagine that that manager gets fired after three albums. Even though the manager is gone, those records will still get made and that income will still flow after they're gone. If an unscrupulous artist wanted to avoid commissions, they would let their manager make a big deal and then fire them before they had to pay. So in most deals, a sunset clause is included to handle these kinds of situations. The sunset clause details what a manager is paid after the…