Music Contracts for Managers
56318
Arts & Entertainment > Music
Nov 24, 2007
tycohen
Music Contracts for Managers
If you are in the music industry, then you have probably considered hiring a good music manager. Honestly, a manager can be helpful in your success. Music managers can be amazing for your career but it is imperative that you have anyone working for you sign a valid music contract. Good managers do exist but no matter what, remember you are conducting business and insist on a music contract with any manager you hire. When you are having anyone sign a music contract, make sure you are actively involved in the entire process and understand the terms of every music contract. Music contracts can be technical but we will review some basics to incorporate so you have better idea of what should be included. - First, you don't have to be overly complicated to be professional. Money, division of labor and length are to be simply stated. - No matter how much you want this specific manager to work with you, the benefits should be mutual. Don't overly compensate anyone just to get the to work with you. Be fair and reasonable for both parties. - Always sign the music contract in good faith. - Define the music contract term. This is simple the length of time you are planning to work with this manager. Under this term also needs to be a cancellation clause or policy. A lot of these contracts start with one year with an option to extend at the end of the term if both parties are happy. - A good music contract for managers need to have expectations defined. What do you expect your manager to do? Promote you to labels, book gigs, have merchandise made? - Money, money, money. According to research, the usual fee for managers is around 15-20% of your take home. This part is crucial so be as specific as possible in your music contract with the manager. Where will their compensation stem from is the question that needs to be answered. - One clause that needs to be precisely defined is the expenses of the manager. What do you provide and what does he provide on his own? Remember this is your career and business so require receipts and documentation for any reimbursement for expenses. In conclusion, music contracts for managers need to be written in a manner that is specific to your situation. Not every music contract is the same but the above mentioned terms are important to define and include. Don't over simplify things because you think you can trust this person because boy can things change, especially when it comes to money. Be professional and thorough because after all, it is your career and your music that you need to protect.
Owner of Platinum Millennium publishing, former record label owner & national music industry seminar speaker/panelist. Author/creator of best-selling music biz books, courses, audio products & "How to" resources that helped 1000s. Go to http://www.Order-Yours-Now.com for more info on music contract & music contracts.
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