What is a management agreement?

A management agreement is a contract between an entertainment lawyer and an artist or entertainer. It is used to create a working relationship between the two parties, allowing the entertainment lawyer to provide legal advice, protect the artist’s rights and consult on promotional opportunities and other business matters. In New Mexico, a management agreement typically outlines the following details: the duties of the management company, how much compensation the artist or entertainer will receive, how much the management company will pay out, what services the management company will provide, and how long the agreement will last. The agreement should also explain what the artist or entertainer can expect from the management company, such as guidance on marketing, negotiating contracts, and exploring legal options. The purpose of a management agreement is to ensure that the artist or entertainer’s rights are represented and respected and that the interests of both parties are taken into account. It is important that the terms of the agreement are clearly outlined to ensure everything is understood and agreed upon by both parties. A management agreement protects the artist or entertainer from any potential legal disputes or disputes with other parties that may arise.

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