The relationship between an artist and his or her manager can be vital to success in the entertainment industry. A good manager can open doors and make things happen, and therefore it’s important that this management relationship be clearly defined in a contract. Especially in the music business, there are many different streams of income that an artist can generate, including album royalties, touring, and merchandising. With so much possible income at stake, an artist needs to delegate a lot of power to his or her manager, which can be tricky. Simply put, a well-drafted management contract can give peace of mind to both parties so they can move forward and concentrate on building the artist’s career.
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