This Deal Point Checklist is designed to highlight areas of importance when entering into a Personal Manager Agreement. Attorney Michael Norman Saleman offers these Deal Point Checklists as a courtesy to users of this website. Contact Mr. Saleman if you need help with any of your project’s legal documentation.
Download (Personal-Manager-Agreement.docx) and use this checklist when negotiating a Personal Manager Agreement to assist you in reaching an agreement on major deal points. Return this Word document with the details to facilitate the drafting of your agreements.
- Duties
- Exclusive Manager
- Sole Manager
- Length of term
- Options to extend (mutual or one party only)
- Milestones (e.g. client must earn more than “X” in first year or can terminate)
- Services
- Expenses/Reimbursements
- Type
- Limits
- What needed to verify (e.g. canceled check, receipt, etc.)
- Consent of client if over certain amount
- Pre-approvals of certain types of expenditures
- Deduct from income
- Statements
- Receipts
- Mode of travel (coach vs. first class, hotel vs. motel, compact vs. luxury car rental, etc.)
- Fees and Percentages
- How much.
- What if fired?
- What if new manager? Paying two managers?
- Limits of how long fees to be received after termination of agreement.
- Does old manager share in improved terms negotiated on a prior agreement by new manager?
- Are songwriting royalties to be excluded?–Musicians only
- Other Clients and Activities
- Manager may have other clients or be exclusive to client
- Manager may have other activities, such as being a Producer
- Power of Attorney
- Authority to sign or not sign agreements without consulting client
- Sign, deposit or cash checks
- Separate escrow accounts for monies received by manager, or deposited into general account
- Final approval on photos and publicity-who has
- Loans From Manager to Client
- Yes or no
- How paid back
- Interest, if any
- Key Man Clause
- If manager is at management company and leaves, does contract terminate, go to new management company, or is new manager appointed?