Personal Management Agreement Template for United States

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Key Requirements PROMPT example:

Personal Management Agreement

"I need a Personal Management Agreement for a rising YouTube content creator based in California, with specific provisions for digital media revenue streams and social media management, ensuring compliance with California talent representation laws and including a 15% commission structure."

Document background
The Personal Management Agreement serves as the foundational document governing the business relationship between managers and talent in various creative and professional fields. This agreement is essential when a talent seeks professional representation for career development, strategic guidance, and business management. Under U.S. law, particularly in states with specific talent representation regulations like California, the agreement must clearly distinguish management services from agency services, as managers are generally prohibited from procuring employment. The document typically includes detailed provisions about commission structures, scope of services, term length, and termination rights, while ensuring compliance with state-specific requirements and industry standards.
Suggested Sections

1. Parties: Identification of the manager and talent with full legal names and addresses

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement including 'Services', 'Term', 'Commission', etc.

4. Scope of Services: Detailed description of management services to be provided

5. Term and Termination: Duration of agreement and conditions for termination

6. Compensation: Commission structure and payment terms

7. Obligations of Manager: Manager's duties and responsibilities

8. Obligations of Talent: Talent's duties and responsibilities

9. Representations and Warranties: Statements of fact and promises made by both parties

10. General Provisions: Standard contract clauses including governing law, notices, and amendments

Optional Sections

1. Power of Attorney: Authorization provisions for manager to act on talent's behalf in specific circumstances

2. Intellectual Property Rights: Provisions regarding ownership and management of intellectual property created during the term

3. International Representation: Terms and conditions for representation in foreign territories

4. Non-Competition: Restrictions on talent's ability to engage other managers during and after the term

5. Confidentiality: Provisions regarding the protection and non-disclosure of confidential information

Suggested Schedules

1. Schedule A - Commission Structure: Detailed breakdown of commission rates for different types of income and revenue streams

2. Schedule B - Excluded Activities: List of activities or income sources excluded from the commission structure

3. Schedule C - Territory: Geographic scope of representation and any territory-specific terms

4. Schedule D - Pre-existing Commitments: List of talent's existing contractual obligations and relationships

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Talent Agency Laws: Includes Talent Agency Act (especially in California), state-specific talent agency registration requirements, and distinction between managers and agents (managers cannot procure employment)

Labor Laws: Encompasses Fair Labor Standards Act (FLSA), state-specific labor laws, and independent contractor vs. employee classification rules

Entertainment Industry Regulations: Covers state-specific entertainment industry regulations, SAG-AFTRA guidelines, and music industry regulations where applicable

Contract Law: Includes state contract laws, Statute of Frauds, and contract enforceability requirements

Commission Regulations: Covers state-specific limitations on commission rates, commission structure regulations, and payment timing requirements

Fiduciary Duty Laws: Encompasses manager's fiduciary responsibilities, conflict of interest provisions, and disclosure requirements

Intellectual Property Laws: Includes Copyright Act, trademark laws, and right of publicity laws

State-Specific Requirements: Covers California's Seven-Year Rule, New York's specific entertainment industry regulations, and other state-specific requirements

Anti-fraud Provisions: Includes securities laws (if investment advice is involved) and consumer protection laws

Termination Laws: Covers notice requirements, severance provisions, and post-termination obligations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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