Standard Manager Agreement

A standard manager agreement is a contract between a talent (artist, athlete, or celebrity) and a manager outlining the terms of their professional relationship. The agreement covers various aspects of the partnership, including compensation, responsibilities, and termination.

Compensation

The manager`s compensation is typically a percentage of the talent`s earnings or income from specific projects or endeavors. The standard percentage is 15-20%, although this can vary depending on the manager`s experience and the talent`s level of success. The agreement also outlines how expenses will be reimbursed and how often payments will be made.

Responsibilities

The manager`s responsibilities may vary depending on the talent`s career goals and industry. Still, typically, the manager`s duties include securing employment opportunities, negotiating contracts, handling finances, and managing the talent`s public image. The manager is also responsible for providing guidance and advice to the talent in various areas of their career.

Termination

The agreement also outlines how the partnership can be terminated by either party. The termination clause usually includes notice requirements and provisions for buyouts or severance payments.

More crucially, the agreement sets expectations for the talent-manager relationship and ensures clear communication and understanding. While a standard manager agreement covers essential aspects of the partnership, individual contracts may vary depending on the talent`s specific needs and the manager`s services.

In conclusion, a standard manager agreement is a vital document in the entertainment industry, outlining the relationship between talent and manager, including compensation, responsibilities, and termination provisions. An agreement serves to set expectations for both parties and ensure clear communication, leading to a successful professional relationship.