A good relationship and clear communication is probably the most important factor for a manager in creating a successful partnership with any artist they manage. However, a Management Agreement that defines more specifically the nature of the relationship and the rights and obligations each party owes to the other is the best way of clarifying the details in a management relationship that may not otherwise be discussed and agreed. As these details often relate to the intricacies of how a manager is to be remunerated for their services, the exact extent of the manager’s powers in respect of the affairs of the artist and basis on which the relationship can be terminated by either party, the importance of having a good Management Agreement in place is obvious.
A Band Agreement is an agreement between members of a band with respect to how they are going to run the affairs of the band, either generally, or just in relation to certain issues. There is almost no limit to the number of the issues that can be covered in a band agreement but in any case it must be ensured that the band agreement reflects in practice how the band runs or the band members want things run.