Music Business

The Terminology Generally Used in Agreement between Artist and Manager (3)

The Music Telegraph | Text 2023/04/03 [08:47]
Music Business

The Terminology Generally Used in Agreement between Artist and Manager (3)

The Music Telegraph| 입력 : 2023/04/03 [08:47]

 

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The Terminology Generally Used in Agreement between Artist and Manager (3)

 

Power of Attorney: Manager will during the Term have a special power of attorney to execute standard performance contracts in respect to any live performance agreement during any touring period approved in writing by Artist, provided that Manager should use reasonable good faith efforts to submit such contracts to Artist for execution.

 

Not Theatrical or Talent Agency: It is understood and agreed that Manager is not licensed as a theatrical artist agency or talent agency and should not perform such services which require a professional license.

 

Mediation (Arbitration): If a dispute arises under this Agreement, the parties agree to first try to resolve the dispute with the help of a mutually agreed upon Mediator. Any costs and fees other than attorney fees should be shared equally by the parties. If it proves impossible to arrive at a mutually satisfactory solution, the parties agree to submit the dispute to binding arbitration in the same city or region, conducted on a confidential basis pursuant to (for example) the Commercial Arbitration Rules of the American Arbitration Association. Any decision or award as a result of any such arbitration proceeding should include the assessment of costs, expenses and reasonable attorney's fees and should include a written determination of the arbitrators. Absent an agreement to the contrary, any such arbitration should be conducted by an arbitrator experienced in music industry law. An award of arbitration should be final and binding on Artist and may be confirmed in a court of competent jurisdiction. The prevailing party will have the right to collect from the other party its reasonable costs and attorney fees incurred in enforcing this Agreement. 

 

 

 

 

 

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