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Band Partnership Agreement
"I need a Band Partnership Agreement for my four-piece rock band based in Manchester, with specific provisions for equal profit sharing and clear guidelines on what happens if a member leaves, as we're planning to sign with a record label in March 2025."
1. Parties: Identifies all band members entering into the agreement
2. Background: Explains the context and purpose of forming the band partnership
3. Definitions: Defines key terms used throughout the agreement
4. Partnership Structure: Defines the nature of the partnership and members' roles
5. Intellectual Property Rights: Addresses ownership and management of band's IP
6. Revenue Sharing: Details how income will be distributed among members
7. Management and Decision Making: Outlines governance structure and voting rights
8. Termination: Conditions for ending the partnership or member departure
1. Equipment Ownership: Details ownership of band equipment and instruments when significant shared equipment exists
2. Recording Agreements: Provisions for entering into recording contracts when band intends to pursue recording deals
3. Tour Management: Provisions for touring arrangements and responsibilities when band plans to tour regularly
4. Social Media Management: Guidelines for managing band's online presence when band has significant online presence
1. Schedule 1: Member Details: Personal and contact information for all members
2. Schedule 2: Asset Register: List of band-owned equipment and assets
3. Schedule 3: Existing IP: Catalogue of existing songs and recordings
4. Schedule 4: Revenue Distribution Formula: Detailed breakdown of income sharing arrangements
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