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Introduction Jointly vs Severally Territorial Scope Material scope Duration Sunset Clause Commissions Accounting Expenses Termination Undue Influence |
The Sunset Clause The manager may be entitled to receive royalty commission for a set period of time after the termination of the management agreement. The royalty rate will usually be reduced. This commission can come from: -The deals signed by the artist while being managed by the manager. -The deals that were negotiated by the manager before the termination, although usually not if the work encpasuled in the contract is carried out after the termination of the agreement. This ensures that the manager's work is recognized. The manager will get paid after the contract has been terminated, but only for a set period. |
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