Final answer:
An artist's contract with a personal manager should be nontransferable and personalized to the needs of both parties, without any standardized duration such as a minimum of 5 years. Handshake deals are not advisable due to lack of legal safeguards.
Step-by-step explanation:
An artist's contract with a personal manager should typically be nontransferable. This is important because the relationship between an artist and their personal manager is highly personalized, and the skills and trust involved in managing an artist's career cannot be easily transferred to another party. Additionally, the duration of a contract is variable and should not be standardized to a period like never shorter than 5 years; it should be negotiated based on the artist's and manager's mutual goals and expectations. A handshake deal, while informal, is not recommended as it may not provide legal protections and clear terms for both parties involved.