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MUI 221 > Talent Agents (Skip cards on Attorneys) > Flashcards

Talent Agents (Skip cards on Attorneys) Flashcards

1
Q

Most prominent music attorneys located where?

A

New York, LA, Nashville, Toronto

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2
Q

Legal Requirements

A

Pass Bar Exam

No cert needed

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3
Q

Money

A

More connections, more price

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4
Q

Retainer

A

Letter of agreement between client and attorney

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5
Q

Hourly rate up to ?

A

$400+

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6
Q

Principle Job Responsibilities

A 
Consult on business strategies
Negotiate and draft contracts
Settle disputes and misunderstandings
Represent clients in court
Develop relationships
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7
Q

Some attorneys find record deals?

A

True

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8
Q

Transactional Lawyers

A

Develop contracts

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9
Q

Litigators

A

Represent clients in court

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10
Q

Attorneys are what?

A

Power brokers of music industry and are valuable members in every music business

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11
Q

If no talent agency license, managers in CA and NY can’t do what?

A

Sign contracts or get deals for their artists

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12
Q

Money

A

Get paid when artist is performing (10% from live gigs)

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13
Q

Relationships between Talent Agents and Artist Managers

A

Learn overall strategic plans for act from manager
Where and when overall dates can be booked
Work with record companies and managers to manage tours

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14
Q

Talent agents require ?

A

Adequate promotional materials to present to potential buyers

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15
Q

Press kits consist of ?

A 
Bios performance
History Recording
History
Articles
Reviews
Recordings
Videos
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16
Q

Relationship between Talent agents and concert promoters

A

Establishing long-term relationships with buyers of talent

17
Q

Talent agents must understand?

A

Business of concert promotion, nightclub operation, etc.

18
Q

Draw

A

how many people come to event for a price

19
Q

Contracts

A

How they get paid

20
Q

Key man clause

A

Agent develops relationship with VIP client and client only works with that agent, and can leave agency if agent does

MUI 221 (4 decks)

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