Striking a tentative compensation agreement that can be renegotiated after three or four months is recommended, and the rate of pay is generally based on commissions of 20 percent of the net or 10 percent of the gross or more of performance and commercial incomes, as stated in contracts. This amount obviously depends on the level of development the artist is at and the experience, networks, credibility and resources of the manager (The less developed the artist and more experienced the manager, the higher the commission). The artist should never agree to circumstances that can not be terminated or negotiated within a short period of time (three or four months).
Family manager/artist relationships usually do not work unless it is a parent/child relationship. Generally speaking the artist(child) does not have a problem with the parent making money off of them since the parent has done so many things for them in life. That feeling does not usually last with a sibling or cousin etc. Unless the non-parent relative already has big pockets on their own.
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