PERSONAL MANAGEMENT CONTRACT
__________________________ doing business as ______________________ at (location) ______________________________ in the State of _______________________________.
This letter of agreement concerns your representing me as a talent and songwriter. For your services in promoting and representing me, I hereby agree to and guarantee the following:
I. If, as a result of your efforts, I enter into a contract for my services as a recording artist with a major recording concern, I hereby agree to pay you ______________________ PERCENT (________%) of any and all sales, production, or royalty advances.
a. A major recording concern is herein defined as a company that has gross sales in excess of one million (1,000,000) recordings annually.
b. You will receive an additional payment of fifteen thousand dollars ($15,000) if any album released under this agreement is certified Gold by the R.I.A.A.(Recording Industry Association of America).
c. You will receive an additional payment of twenty thousand dollars($20,000) above the previously mentioned payment if any album released under this agreement is certified Platinum by the R.I.A.A.
II. If, as a result of your efforts, I enter into a contract with a major management or booking concern, I agree to pay you one and one half percent (1.5%) of the gross income earned in the first two years of said agreement.
a. A major management or booking concern is herein defined as a business which generates gross sales in excess of one million dollars ($1,000,000) annually.
III. If, as a result of your efforts, a major recording artist or company releases to the general public, one of my songs, I agree to assign FIFTY PERCENT (50%) of all publishing and
copyrights to either ___(Publisher Name)__ ASCAP. or ___(Publisher Name)___ BMI. I will retain all artist and writer credits and royalties.
a. A major recording artist is herein defined as an artist under contract to a recording concern which sells in excess of one million (1,000,000) units annually.
IV. If none of the conditions in sections I, II, and III, come into being by ________________, 19___, this agreement may be made void by my written notification to you of such intent. This agreement shall remain in effect until such notification.
I hereby agree to and am bound by these terms. I set my name to this Letter the
____________ day of________, 20____.
STATE OF ______________________________
COUNTY OF _____________________________