Management Agreement
Management Agreement
Management Agreement
COMPANY:
-and-
ARTIST:
Professionally known as
DATE:
WITNESSETH
Now, Therefore, based upon the premises and the mutual warranties,
representations, covenants and agreements hereinbefore and hereinafter set
forth, the parties hereby agree as follows;
1. APPOINTMENT
2. Company’s Duties
3. AVAILABILITY
4. TERM
(b) To execute for Artist and in Artist's name, and on Artist's behalf,
any and all agreements, documents and contracts for the Artist's services,
talents, artistic and literary creations, regardless of whether procured by
theatrical employment agencies, booking agents, by Company, by Artist or by
any other source whatsoever, except that company may not exercise such right
with respect to agreements, documents and contracts with business entities
owned or controlled by company, in whole or in part, unless the terms of any
such agreement executed by Artist expressly permits company (or such
commonly controlled business entity) to exercise such right;
(d) To audit and examine books and records of parties with whom
Artist has contractual or other arrangements should company feel such audits
and examinations to be reasonably necessary or purposeful;
6. COMPENSATIQN OF COMPANY.
(b) In the event that Artist receives, as all or part of its Gross
Compensation, stock or the right to buy stock in any corporation or entity, or if
Artist becomes or has the right to become a proprietor, stockholder, partner, joint
venture or otherwise in any property, then company's percentage commission
hereunder shall apply to Artist's said stock, right to buy stock, individual
proprietorship, partnership, joint venture or other form of interest but company
shall be prohibited from commissioning Artist's share of any income derived from
such equity or income positions if company itself has a direct equity or income
position therein as a result of originally commissioning such interest when it is
originally granted to Artist.
(a) Artist agrees that company shall have the sole and exclusive right
to receive any and all Gross Compensation earned by Artist in respect of which
company is entitled to compensation hereunder. In the event that any or all
portions of such Gross Compensation are paid to Artist, directly or indirectly, then
Artist shall deliver over to Company such Gross compensation in precisely the
form and amount so paid to Artist. Artist agrees that it shall, if requested by
Company, execute written assignments of Artist's Gross compensation in favor of
company to enable Company to secure the benefit of the terms and provisions of
this Agreement, and to ensure that company shall receive the shares of Gross
Compensation to which it is entitled hereunder. If Artist fails to execute such an
assignment as and when requested by company, Artist hereby authorizes
company to execute such an assignment on Artist's behalf, to deliver same
where Company in its discretion deems appropriate, and to collect thereon with
the same force and effect as though signed by Artist, in person, and to demand
that the management of the theatre, venue or other source of Artist's Gross
Compensation remit sums due Artist to company, in which event this instrument
or a photo static copy thereof shall be authorization for the management of such
entity or facility to make such payment.
(b) Company shall render statements to Artist with respect to amounts
to which Artist is entitled from the Gross compensation received on Artist's
behalf. Company shall have the right deduct from Artist's share of Gross
compensation those amounts to which company is entitled under this Agreement,
including all expenses which company shall properly incur on Artist's behalf in
accordance with the terms of this Agreement and particularly paragraph 9 hereof.
Statements shall be prepared and rendered to Artist on or before the thirtieth
(30th) day of the first month following each such calendar quarter in respect of
Gross Compensation which shall have been received on Artist's behalf, directly
or indirectly during the immediately preceding calendar quarter. Such statements
shall set forth in reasonable detail and specificity the source of Gross
compensation, deductions and disbursements therefrom, expenses which
Company shall have incurred and which are properly payable to company, and
other pertinent information relating to such Gross Compensation.
(c) Each party shall have right to examine, audit, and take copies and
extracts of any and all books and records maintained by the other party, provided
that same relates to the subject matter of this Agreement. Any such examination
shall take place upon reasonable notice to the party whose books and records
are to be examined, at the offices of such party where such books and are
customarily maintained, and at the sole cost and expense of the examining party.
Statements rendered by Company hereunder shall be deemed conclusive and
shall be an account stated, and be subject to no further objection unless written
notice setting forth the basis of such objection with reasonable specificity, has
been received by company within ONE ( 1 ) years of the date upon which same
were rendered.
(b) No agreement, act or omission on its part will violate any right or
interest of any person or firm, nor shall same subject the other to any liability or
claim of liability.
(c) (i) It shall indemnify and hold the other party, and the employees,
servants, agents, legal representatives and affiliated companies (all such entities
hereinafter referred to as "the indemnities") harmless of and from any damages,
costs, expenses, fees (including reasonable attorneys' fees and disbursements)
incurred by the indemnities in any claim, suit or proceeding instituted against the
indemnities arising out of any breach or claimed breach by any party of any
warranty, representation or covenant which the indemnitor has made herein, and
which results in a final, non-appealable judgment by a court of competent
jurisdiction, or is settled with the consent of the indemnitor, such consent not be
unreasonably withheld.
(ii) The indemnitee shall be reimbursed by the indemnitor on demand for any
payment made by it with respect to any liability or claim to which the foregoing
indemnity applies provided that the indemnitee has given to the indemnitor
prompt notice of any claim to which such indemnity relates and provided further
that the indemnitor shall have the right, at its own expense, to participate in the
defense thereof with counsel of its own choice, at its own expense
(ii) (a) Artist represents and warrants that for so long as this
Agreement shall be in effect, Artist will perform together as a musical group If
any individual comprising Artist refuses, neglects or fails to perform together with
the other individuals comprising Artist in fulfillment of the obligations agreed to be
performed under this Agreement, or leaves the group, Artist shall give company
prompt written notice hereof Hereinafter, any member of Artist who leaves the
group or no longer performs with the group shall be referred to herein as a
"Leaving Member" company shall have the right to, within ninety (90) days of
receipt of Artist's notice:
11 WITHHOLDING OF MONIES.
12.
Artist shall not perform any of the following acts during the Term without
having discussed same with Company and having received Company's consent
therefor: (a) appearing or performing, directly or indirectly, for any party for the
purposes of rendering services of any kind, nature or description in the
Entertainment Industry; (b) negotiating, accepting or entering into any
agreement concerning Artist's career or activities within the Entertainment
Industry; or (c) engaging, directing and/or discharging Artist's relations with
theatrical employment agencies or other persons, firms and corporations in
connection with any facet of Artist's business and career in the Entertainment
Industry (with the exception of accountants),
(a) During the Term of this Agreement and any extension or renewals
hereof, Company shall not be deemed employed by Artist nor is Company
obligated to procure or provide Artist with engagements, offers or promises of
information as to where engagements and/or employment may be procured. It is
acknowledged that Company is not an employment agent, theatrical agent or
"licensed artist manager" as that latter term is defined in the State of California,
The Company may nevertheless negotiate or otherwise represent the Artist with
theatrical booking agents or other persons for the purpose of obtaining such
bookings of engagements,
(b) If, during the Term, Artist shall create a corporation or other
business entity which acquires the right to make available the Artist's services
within the Entertainment Industry, or any portion of the Entertainment Industry,
then Artist shall insure that said business entity shall enter into an agreement
identical to this Agreement for the remaining balance of the Term hereof so that
the creation of said business entity does not dilute or reduce the rights available
to Company hereunder. In such event, Company shall have the right to compute
its compensation hereunder upon the gross compensation of said corporation or
other business entity or upon the salary which said corporation or business entity
pays to Artist,
(c) Artist agrees that Company may publicly represent itself as Artist's
manager and advisor. In that capacity, and otherwise, within the scope of this
Agreement, Company shall have the right, subject to the terms and provisions
hereof, to use Artist's name, likeness, facsimile signature, and biographical data
in a manner consistent with such fact,
(d) No expiration of the Term of this Agreement for reasons of any kind
shall have any effect whatsoever with respect to the rights which shall have
theretofore accrued in company's favor, including Company's right to receive
compensation following the expiration of the Term, as such right is set forth in
this Agreement, No termination of the Term of this Agreement for reasons of any
kind (other than an act of fraud by Company) shall have any effect whatsoever
with respect to the rights which shall have theretofore accrued in Company's
favor, including Company's right to receive compensation following the expiration
of the Term, as such right is set forth in this Agreement.
(e) Artist shall not, during the Term hereof, sell, assign, convey, pledge
or otherwise dispose of or encumber any property rights in Artist, Artist's creative
properties, Artist's trade or professional name, or any of Artist's assets, whether
physical, intangible or intellectual which relate to the Entertainment Industry,
including by stock interest, wage assignment, partnership, percentage
participation or otherwise, without Company's prior written consent, which
consent shall not be unreasonably withheld,
15.
16.
17.
(a) (i) If the "Artist" is comprised of more than one (1) individual, then
this Agreement shall relate to each of such individuals jointly and severally. A
breach by one such individual may be construed by Company as a breach by all
such individuals, If any individual comprising "Artist" shall cease to, neglect to,
refuse to, become unable to or otherwise not perform as a member of Artist, all
individuals comprising "Artist" shall be required to notify Company thereof
promptly after such occurrence, This Agreement shall nevertheless continue to
be applicable to all individuals comprising Artist (including the individual(s)
concerning whom such notice is issued), regardless of whether the Artist
continues to perform as a single artist or whether any or all individuals
comprising "Artist" shall undertake to perform as solo artists or with others, Any
individual ceasing to perform as a member of Artist shall thereafter cease to use
or have any interest in any servicemark(s) (the "Mark") under which the Artist is,
was or will be rendering performances during the Term hereof, and shall not,
following such cessation thereafter refer to himself or permit himself to be
referred to in any connection with the Mark or any servicemark which is
confusingly similar thereto, or by references such as "formerly of the (Mark)" or
by words of similar import.
(ii) If the term "Artist" does not, as of the date hereof, relate to
more than one (1) individual, then to the extent that Artist performs as part of a
group or ensemble then Artist shall, upon Company's written request, use his
best efforts to cause such other group or ensemble members to enter into a
management agreement with Company identical in all respects to this Agreement
for a period of time at least equal to then remaining balance of the Term hereof,
including available Option Years, if any.
(b) This Agreement shall be binding upon the parties, their heirs and
assigns, It is understood and agreed, however, that Artist may not assign this
Agreement, or any shares of income or Gross Compensation to which the Artist
is or will be entitled hereunder, without having first received the written consent of
Company.
(c) In the event that any provision of this Agreement shall for any
reason be illegal or unenforceable, or shall become illegal or unenforceable,
then, in any such event, same shall not affect the validity of the remaining
portions and provisions hereof, No waiver of any breach of or default under any
provision of this Agreement shall be deemed a waiver of such provision or any
subsequent breach or default thereof,
(d) This Agreement is the only Agreement between the parties and
there is no collateral agreement (either oral or written) between the parties
relating to the subject matter hereof, This Agreement can be amended or
modified only by an instrument signed by the party to be charged,
(e) This Agreement shall construed in accordance with the laws of the
State of Florida applicable to agreements to be wholly performed therein. Any
service of process which one party shall desire to serve upon the other may be
served, among other methods, by the mailing thereof by certified or registered
mail, return receipt requested, to the address first set forth above the intended
recipient thereof, or such address as such entity may notify the other from time to
time. A copy of any such service of process shall be sent in the same manner to
Company's or Artist's legal counsel, as may be applicable, at the applicable
addresses set forth in Paragraph 16 above.
(f) Artist acknowledges that Company has advised Artist that this
Agreement is an important legal document, and that Company has instructed
Artist to seek legal counsel from an attorney competent in the Entertainment
Industry prior to executing this Agreement, Artist acknowledges that: (i) Artist
has had ample time and opportunity to do so; (ii) Artist has done so; and (iii)
such attorney has advised Artist as to the content of this Agreement and the legal
consequences of entering into this Agreement.
Company