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Make a personal management agreement in minutes
Define the relationship of a personal manager so both parties know what to expect.Create now
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Here's the info you'll need to have handy to complete your doc:
Who it's coming from
Determine if a business or individual is sending the doc and have the name and contact info ready.
Who it's going to
Know who this doc is going to and have the individual or business name and contact info ready. If it's a business, make sure you know the business type (LLC, corporation, etc.).
Have a summary of the general duties and responsibilities of the manager ready.
Payments and expenses
Know what percentage the manager's commission will be during and after the agreement, as well as allowances for and limitations on any reimbursements for expenses.
Be clear about how long you want this agreement's initial term to be, and whether or not it will renew.
What's a Personal Management Agreement?
Personal managers often wear many hats as they guide and supervise their clients’ careers. This may include giving business advice, introducing them to other industry professionals, organizing meetings, handling publicity, and assisting with finances, negotiations, and personal matters. Because managers aren’t licensed or regulated, and since they cannot legally get work opportunities for clients, it is important to have an agreement to understand the management duties and relationship, as well as commissions the manager will be paid. Use a personal management agreement to cover the specific details.