What is a management agreement?

A management agreement is a legally binding agreement between an entertainment manager and a creative artist or group. It outlines the rights and responsibilities of both the artist and the manager. In the State of California, there are strict rules and regulations about entertainment-related contracts in order to protect both parties involved. When it comes to management agreements, the main stipulations usually include the manager’s duties and the artist’s obligations. These agreements also determine the amount of time the artist is obligated to fulfill their contract with the manager, and the amount of money the manager can earn from the artist’s career. Generally, the agreement will also cover the artist’s future endeavors, such as appearing in movies or releasing music. The manager essentially acts as a promoter to help the artist make a career in the entertainment industry. This includes booking performance dates, selecting which venues are best for the artist, and negotiating contracts with booking agents and record labels. The manager is also responsible for managing the artist’s day-to-day activities and finances, and providing advice and guidance on how to grow their career. Entertainment managers play an important role in the success of an artist, so having a well-structured management agreement is critically important. It is important to read and understand the details of a management agreement before signing it. Be sure to get the agreement in writing and signed by all parties involved.

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