5 Fundamental Points in a Personal Management Agreement

When an artist is ready to take their musical career more serious a personal manager is usually the first and most important person to employ on your team.  5 Fundamental Points in a Personal Management Agreement is a break down of of the most important points within a personal management agreement from a seasoned Music Industry Attorney, Mario F. Gonzalez, Esq.

The five basic and vital sections of a personal management agreement are:

1) Term – length of contract.

2) Commission – how the manager will be paid and at what rate or commission.

3) Commissionable Items – Items that can be used to calculate how the manager will be paid.

4) Commissionable After the Term – Monies that the manager will still be entitled to after the Term has ended and has not been renewed.

5) Manager’s Expenses – Exactly as it sounds, what expenses will be covered on behalf of the Manager (usually expenses incurred directly related to the management of artist).

These 5 items are highly important and must be understood by all parties involved prior to signing a personal management agreement to avoid disputes later down the road.

Advertisements

About Real*Industry*Talk

Professional Page: http://www.linkedin.com/in/jakly Experience: ASCAP Real Industry Talk Independent Music Company Get It Done Blog Artist Manager Education: Full Sail University, B.S., Music Business View all posts by Real*Industry*Talk

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: