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Band Agreement

Band Partners. Names of band members ("Band Partners"):

[Complete List of Band Members]

Partnership Name. The Band Partners establish themselves as a general partnership (the "Band Partnership") known as the ___________________

Band Name. The Band Partnership shall do business under the name _________________ (the "Band Name"). Each Band Partner acknowledges that (tick box if appropriate):

[ ] Band Partners who leave the band shall have no interest in the Band Name.

[ ] no individual member shall have a right to use the Band name in the event the band breaks up.

[ ] the Band Name is the exclusive property of ___________________.

Profits and Losses. The Band Partners shall share equally in all payments which are paid to the Band Partnership or to any Band Partner as a result of Band Partnership activities. After deducting Band Partnership expenses (for example, reasonable salaries, rent, promotional costs, travel costs, office expenditures, telephone costs, accounting and legal fees), these payments shall be distributed in cash to the Band Partners.

Partnership Voting. Check either "unanimous " or "majority" for each issue.

Expelling a Band Partner [ ] Unanimous [ ] Majority

(unanimous except for party to be expelled) [ ] Unanimous [ ] Majority

Admission of a new Band Partner [ ] Unanimous [ ] Majority

Entering into any agreement that binds [ ] Unanimous [ ] Majority

the Band Partnership for more than one year [ ] Unanimous [ ] Majority

Tie-Breaker (optional). In the event that a majority cannot be achieved, the decision of ____________________ shall prevail.

Addition of a Band Partner. Each new Band Partner must agree to be bound by all of the provisions in this Agreement. The addition of a new Band Partner shall not end the Partnership, which shall remain in full force.

Leaving Members. A Band Partner may leave the Band Partnership (a "Leaving Member") voluntarily (resignation) or involuntarily (by reason of death, disability or being expelled). A Leaving Member is entitled to a proportionate share of the net worth of the Band Partnership as of the date of leaving, and to the Leaving Member’s share of any royalties or fees earned from sound recordings which include the Leaving Member’s performance. These payments shall be made when actually received by the Band Partnership and after subtracting a proportionate deduction of expenses. If a member leaves, the Band Partnership shall remain in full force among the remaining members.

Mediation; Arbitration. If a dispute arises under this Agreement, the parties agree to first try to resolve the dispute with the help of a mutually agreed upon mediator in __________. Any costs and fees other than attorney fees shall be shared equally by the parties. If it proves impossible to arrive at a mutually satisfactory solution, the parties agree to...

(Excerpt)

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