Management contracts: What to know before you sign
If you're considering changing agent, or securing representation for the first time, make sure you read your contract carefully.
In particular, pay close attention to:
•Termination clauses. How much notice are you expected to give? Under what circumstances can you leave? Under what circumstances can the agent stop representing you? Does it seem fair and balanced?
•Commission. How much commission will the agent take? If they are taking over 10%, are they providing additional management services?
•Over all, are the obligations and responsibilities of both the agent and the actor balanced and fair?
•Expenses clauses. What expenses can the agent claim from your income without notice?
Don't hesitate to contact MEAA for advice before signing a management or representation contract. A copy of MEAA's recommended representation contract can be found here.