What is a Music Management Agreement?
The music management agreement dictates how much money the music manager makes for what jobs. This contract spells out his or her roles, how much they will make, and what items they can make money from or not. The agreement should be a simple item that is easy for every party to understand.
The band should have clear lines on what is and is not available for the manager to earn money from and collect. In return, the document should be clear about what expectations the band holds for the manager. The management agreement should say whether the manager handles promotions, finds jobs, or if they outsource this responsibility because the band is an established music entity.
What Does a Music Management Attorney Do?
This person represents the musician or the manager. Each party should have their own representation, so there is no confusion or bias in the contract negotiations. This lawyer will oversee whatever the client needs. Whether it is to draw up a contract, read the fine print to see what the other side is wanting, or to talk to people who may infringe upon the artist's rights, a music attorney can help.
Perdomo Law has several decades of experience working with talented professionals in and around NYC. This time serving local artists and companies allows the legal team to provide sound advice and help. Perdomo and her staff will go to bat for any client who has a case regarding music management agreements.
Ensuring contracts are fair to both parties
Music management attorneys work for either side of the deal. They can help managers protect themselves, and they can work for bands or singers who need legal representation or advice. One way a lawyer helps either side is by checking the management agreement terms.
They make sure the pay rate is agreeable and fair. They check to see if the terms for payment are legal and correct. Attorneys also look at who is responsible for creating merchandise, booking venues, paying for transportation for the manager, hotel fees, and reimbursements.
Another thing legal professionals do for clients in the music industry is to check the length of contracts. Some of these agreements have extension clauses or sunset rules. These rules state when the commissions stop for the manager. These terms are separate from the fees the manager can collect. Clients or managers who do not know about the separate rules may be the ones someone takes advantage of with an unfair contract.
How and when a person can cancel the agreement is another area where lawyers help clients. Whether the musician wants to get out the contract, or the manager feels he or she is not getting a fair shake, the contract spells out the way either party can cancel the agreement.
A legal professional who is working for the manager will ensure the person can leave the agreement amicably. In the same sense, an attorney working for the music maker can help a client get out of a legally binding contract. These actions may occur when they are not being represented the best or feel the manager is taking advantage of a situation.
When a party enters a new agreement, it is important to implement a trial period. This time might operate on the basis of results or time. The parties may agree to work together for six months or a year to see if the results are productive for both parties. Otherwise, both entities may agree to terminate the contract and move on. If the work is great, then a contract extension is important. Perdomo Law can help clients renegotiate contract terms if they want to make changes to an existing agreement.
Perdomo knows how important music is to people. Her team works with musicians, artists, actors, business professionals, large firms, and dreamers to help them achieve their goals and enter safe and beneficial contracts. From tough negotiations to drawing up specific clauses, her team has the skills to go to bat for the little guy. She knows the music industry inside and out. Making sure her clients get the terms they expect is where her team excels.