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Introduction Jointly vs Severally Territorial Scope Material scope Duration Sunset Clause Commissions Accounting Expenses Termination Undue Influence |
Duration of Agreement Initial Period Fixed Term Usually 3-5 years Could have an option period Undetermined duration The agreement is terminable by both artist and manager upon notice The notice period can vary from 3 to 6 months A minimum term (seen in relation to the album's shelf life) can be agreed upon Shelf life= the period from the start fot the writing process until the promotion of the album is ended Performance Clause [Termination of the Initial Period] The artist can terminate the contract if certain criteria haven't been reached within a time frame. These criteria could, for instance, be related to sales and income or to getting a record deal. Trial Period At the start of an artist-manager relationship, one might start with a trial period, usually of 6 months, in order for the artist to assess the manager's abilities. |
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