subject: Band Management Contracts - five Critical Factors You Should Know Ahead of Signing a Contract [print this page] Band Management Contracts - five Critical Factors You Should Know Ahead of Signing a Contract
Band management contracts are essential if you don't want to get ripped off by your manager. It's not a subject of getting in a position to trust folks - in fact, the dilemma is that you usually can't when dollars is concerned, even with friends. In this write-up, I'll tell you what you require to cover in your band management contracts to make certain that you don't destroy your band's potential earlier than it has even begun.
You need to retain your contract as uncomplicated as feasible but here are some of the most essential points that will need to be coated.
Duration
Most band management contracts are for some minimum term, generally a single or two years. If you are just beginning out then I advise 1 year.
Scope
You require to cover the scope of routines coated by the manager. What is he anticipated to do? This part of the contract is not about his efficiency (that is coated by his charges - see more down) but more about his duties e.g. press, merchandising, acquiring gigs etc.
Break Clause/Sunset Clause
You require a clause in the contract that specifies what occurs if both celebration want to break the contract early. This is intended so that bands can't just change from a single supervisor to yet another when the unique one has completed a good deal of difficult perform currently. Usually, the supervisor will proceed to make his charge but it will shrink a small right up until it is nothing soon after 18 months e.g. 15% in the 1st fifty percent yr, 10% for the following, 5% for the last six months.
Charges
How considerably is your manager going to make? Typically this is in between 15% and 20%. This may sound a good deal but for each hundred bucks your supervisor is responsible for bringing to the band, he only requires property twenty. Consequently, don't be greedy!
Bills
Your supervisor will will need to claim some bills. For a little band, you may not even give to shell out any expenses to the supervisor because he's not probably to need several or any and it could be that you can't pay for to spend for company trips anyway. Later on although, expenditures will develop into considerably extra vital. More info of Music Artist Management
