It is estimated by the National Endowment for the Arts that there are 2.5 million artists in the U.S. alone working full-time. Although a staggering 34 percent of them are self-employed, it doesn’t mean that they won’t be working regularly sooner than later, as 58 percent of freelance artists chose to be independent for the sake of their flexible schedules. As the manager or the artist, you’re ready in making a business agreement but still has a hazy recollection of what should transpire, we have some simple steps that might help you strike that deal to stardom.
Steps in Making An Artist Management Contract
While it is sometimes just thrown in the dark or pushed away after the advent of things it is still of importance as the contract is the first step of every artist towards getting that Grammy’s, or that Prix Fénéon (A Prestigious Awards for Painters). For that reason, it is always safe to be mindful of its terms and conditions.
Step 1: Make Sure It’s A Valid Offer
If one party subverts the other party’s right in striking a deal, it is deemed invalid as a contract seeks to equalize both parties not holding position or authority beyond. It is an agreement. On that account, it is necessary for both parties to feel that what they have offered is equal in value or considered comparable in the worth of what was presented.
Step 2: Take Notes
It is always recommended by most lawyers not to just trust on verbal agreements. They would usually put emphasis on a written agreement as it is extremely useful when making the first draft or when the contract is challenged. Although we might insist on pushing our retention skill capabilities to the front, it is always safe to make a written one both for legal and personal security.
Step 3: Write a Draft
A draft no matter of its absolute insignificance compared to the greater venture ahead of the artist and the manager it is still of importance. It’s that meager step the puts both parties in the journey for fame and glory. Hence, a proper draft should be written by the two parties’ goodwill into consideration. (We have templates if you need one after these steps.)
Step 4: Negotiate What Needs To Be Negotiated
Occasionally, a minor misunderstanding might arise at the first reading of the contract. That’s why it is extremely important to write a draft and renegotiate the terms if needed after its completion. Never settle on things that might, in the long run, destroy both parties for the sake of an expedited process. Allow the haggle for both parties to have a win-win situation in the end.
Step 5: Be Thorough
After the signatories have signed and the lawyer has deemed it valid it’s good as it is, but sometimes some trackbacks happen because of the little things that were deemed unnecessary at that moment causing a breach of contract, when both parties didn’t actually mind it. That’s why being thorough and conscious is a good thing always.
5+ Artist Management Contracts
Sometimes detailing a contract can be a hassle. For this reason, this template section exists to help accelerate that deal and begin the artist’s and the manager’s journey to fame, to fortune, and to glory.
1. Artist Management Contract Template
Considering the tight schedule some managers might have, this template was designed to make a really easy and fast deal. The Artist Management Contract Template is both user-friendly and customizable, allowing both the artist and the manager longer time spent on what is necessary, and that is their plans and dreams.
2. Artist Contract Template
As an artist, a lot of times, a necessity arises where the need of a contract must be personally written, thus the creation of this Artist Contract Template. This template was made for the artist’s personal use and is available in many formats giving the flexibility one needs.
3. Artist Commission Contract Template
If a complete contract is still a pipe dream as the essence of trust is still incomplete, an Artist Commission Contract Template is maybe of value. This contract gives the leeway for the artist to be free of the constraints of being a full-time worker but the advantage of sure finances. This is an extremely customizable template that could be used for more than one customer, giving you the discount of time and money.
4. Artist Producer Contract Template
Often, as an artist, freedom is the greatest commodity of all, and that’s why this Artist Producer Contract Template exists to push project-based artist’s privilege to the edge. Depending on the agreement the artist could do their part well while having the liberty they badly needed. So, download this now to finish that contract fast.
5. Artist Booking Agent Contract Template
This Artist Booking Agent Contract Template is specially made for artists who are looking for a booking agent rather than a manager that could help in setting an event, an exhibition, or a gig. As the contract is fully-customizable, the artist can just finish making one in a whim. Download this today!
6. Artist Management Contract Template
A simple seven-page Artist Management Contract Template that might be of use for those people with extreme time constraints, it is available in more than one format allowing flexibility and convenience. Download this today so you can put your time where it is badly needed.
7. Simple Management Contract Sample
The Simple Management Contract Sample is a full five-page contract complete with all the terms and conditions that one might need in making a worthwhile contract but still has the simplicity due to its concise texts. It’s available in PDF, giving you the flexibility of using it electronically or physically.
8. Exclusive Management Aggrement
The Exclusive Management Agreement is a PDF-format contract that shows more of the company’s exclusive rights, as a sample, but more or less it is still a contract with a focus on technicalities as it is can be used after detailed proceedings. Download this if you require a sample or a complete format.