A Band Partnership Agreement becomes necessary when musicians decide to formalize their working relationship and protect their collective interests. This document, governed by England and Wales law, is crucial for bands seeking to establish clear guidelines for ownership of intellectual property, revenue sharing, decision-making processes, and member entry/exit procedures. It helps prevent misunderstandings and provides a solid foundation for the band's business operations, particularly important when dealing with record labels, publishers, and other industry stakeholders.
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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
Relevant legal definitions
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