**This Administrative Rights Agreement** (the “Agreement”) is made and entered into as of [Date], by and between:
**1. [Music Artist/Vendor/Brand Name]**
[Address]
Legal Full Name
(the "Client")
and
**2. In My Element Enterprises
[Manager's Name]**
3760 Arava Dr, Green Cv Springs, FL 32043_
{Address}
Anthony Bell, Jr.
Legal Full Name
(the "Manager")
**RECITALS**
WHEREAS, the Client is engaged in the business of entertainment, music, live performances, acting, podcasting, branding, content creation, comedy, and any other form of legal profitable services in relation to the Client's respective field of expertise; and
WHEREAS, the Manager has the expertise in procuring and negotiating deals that can be beneficial to the Client's business; and will use its best efforts to make introductions between the Client and high net wealth individuals, event hosts, sponsors, and channel partners for potential investment, endorsement, branding, marketing, partnerships, and other potential company relationships.
**1. Appointment and Authority**
1.1 **Appointment**
The Client hereby appoints the IME Enterprises/Manager as its authorized representative with administrative rights to procure and negotiate deals and contracts on behalf of the Client.
1.2 **Authority**
The Manager is authorized to act as the Client’s proxy in all matters related to procuring profitable deals, including but not limited to negotiations, contract execution, and any other administrative functions necessary for the successful management of the Client's interests.
**2. Scope of Responsibilities**
2.1 **Deal Procurement**
The Manager shall identify, negotiate, and secure deals that are in the best interest of the Client, including but not limited to sponsorships, endorsements, licensing agreements, and other business opportunities.
2.2 **Contract Management**
The Manager shall review, draft, and execute contracts and agreements as required, ensuring that all terms are favorable and aligned with the Client’s best interests.
2.3 **Financial Management**
The Manager shall oversee financial transactions related to procured deals, ensuring timely and accurate payment processing and financial reporting.
2.4 **Reporting**
The Manager shall provide regular updates and detailed reports to the Client regarding ongoing negotiations, secured deals, and any other pertinent information.
**3. Compensation**
All negotiations should be facilitated and directed through IME Enterprises to ensure a prompt, professional, and beneficial agreement between both parties.
IME Enterprises will work collaboratively with the client to finalize all arrangements.
3.1 **Manager’s Fees**
(a)The Client agrees to pay the Manager a fee of 12.5% of the net proceeds derived from music library publishing administration, sound recording royalties, radio royalties, merchandise, paid/subscription digital services, live performances, paid appearances, sponsorships, TV/Film/Game sync licensing, TV/Film/Game feature actor roles or any other type of business deals procured by the Manager. Payment to manager shall be made within 24 hrs of receipt of payment from any deal.
(b) **IRF Fee** (Introduction/Referral Fee)
Manager can increase earning potential with the IRF. This also will be referred to as an Introduction/ Referral Fee. IME Enterprises/Manager shall be entitled to an additional (10%) of the net profits of all partnerships, deals and business opportunities that it 'introduces' and closes (IME introduced, secured & finalized agreement).
IME Enterprises/Manager is only entitled to the Referral Fee for “new companies” introduced to the other Party. “New companies” are defined as high net wealth individuals, event hosts, sponsors, channel partners, and companies that the other Party has no prior business relationship with. IME Enterprises/Manager is entitled to the Referral Fee for every agreement that generates actual monies with new partners and no other forms of consideration.
IME Enterprises/Manager is entitled to the Referral Fee for actual monies generated from new partnerships for a period of (12) months from the date of introduction. Thereafter, the referring Party will not be entitled to further fees from continuing business with such referral.
Payments owed to the referring party will be paid by the 1st day of every month for monies attributable to the referring Party’s introductions. Payment schedules may vary by month or as mutually agreed upon between the Parties. Amounts owed will be discussed and agreed upon before disbursement to IME Enterprises/Manager.
3.2 **Expenses**
The Client agrees to reimburse the Manager for all reasonable and necessary expenses incurred in connection with the performance of the Manager’s duties under this Agreement, provided that such expenses have been pre-approved by the Client.
**4. Term and Termination**
4.1 **Term**
This Agreement shall commence on signing date and shall continue for the period of one calendar year/365 days and will automatically renew annually until terminated by either party as provided herein.
4.2 **Termination**
Either party may terminate this Agreement upon 30 days’ written notice to the other party. Upon termination, the Manager shall cease all activities on behalf of the Client and shall return any Client property or confidential information.
**5. Confidentiality**
5.1 **Confidential Information**
The Manager agrees to maintain the confidentiality of all non-public information regarding the Client and shall not disclose such information to any third party without the Client’s prior written consent.
**6. Indemnification**
6.1 **Indemnification**
The Client agrees to indemnify and hold harmless the Manager from and against any claims, liabilities, damages, and expenses arising out of the Manager’s performance of duties under this Agreement, except in cases of gross negligence or willful misconduct by the Manager.
**7. Governing Law**
7.1 **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflict of laws principles.
**8. Miscellaneous**
8.1 **Amendments**
Any amendments or modifications to this Agreement must be made in writing and signed by both parties.
8.2 **Entire Agreement**
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter hereof.
8.3 **Severability**
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Manager Administrative Rights Agreement as of the date first above written.
By: ___________________________________
**[Client’s Name & Date]**
By:In My Element Enterprises
**[Manager’s Name]**
Owner,Manager: Anthony Bell, Jr.
[Manager’s Title]