Access our Free Sample of a Band Partnership Agreement Template.
We understand the complexities band members face in navigating a successful career in the music industry. That’s why we’re offering this comprehensive, user-friendly Band Partnership Agreement template for free. This helps simplify the often intricate world of music partnership contracts, covering everything from rights and responsibilities to profits division and dispute resolution.
To further save your time with a professionally formatted template and dynamic fields, consider our premium version in PDF & Word format. Lower your administrative burdens and concentrate on producing phenomenal music, secure in the knowledge that your legal bases are well managed.
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[City, Postal Code]
[Band Member 1 Name]
[City, Postal Code]
[Band Member 2 Name]
[City, Postal Code]
[Band Member 3 Name]
[City, Postal Code]
This agreement establishes the terms of the professional relationship among the members of a band. It outlines various aspects such as profit-sharing, decision-making, and the division of assets and liabilities. This agreement helps to ensure a clear understanding of each member’s roles and responsibilities within the band. It is advisable to consult with a qualified attorney to customize the agreement according to your specific needs and comply with applicable laws.
Comment: This section identifies the parties involved in the agreement.
This Band Partnership Agreement (the “Agreement”) is entered into on this _____ day of ______, 20 (the “Effective Date”), by and between [Band Member 1 Name], [Band Member 2 Name], and [Band Member 3 Name] (collectively referred to as the “Partners”), collectively referred to as the “Parties.”
Comment: This section briefly describes the purpose of the agreement and the intention of the Partners to form a band.
2.1 The Partners agree to establish and operate a band (the “Band”) for the purpose of [Specify the purpose, such as creating and performing music].
Comment: This section outlines how the profits and expenses of the Band will be shared among the Partners.
3.1 The profits generated by the Band’s activities shall be distributed among the Partners in the following manner: [Specify the profit-sharing arrangement, such as equal shares or based on a predetermined percentage].
3.2 The Partners agree to share the expenses incurred by the Band in a fair and proportionate manner, unless otherwise agreed upon.
Comment: This section addresses how decisions within the Band will be made and the decision-making process.
4.1 Major decisions affecting the Band, such as financial matters, booking engagements, and marketing strategies, shall be made jointly by the Partners and require the unanimous consent of all Partners.
4.2 Routine day-to-day decisions may be made by any Partner without the consent of the others, provided that such decisions do not have a significant impact on the Band or conflict with the terms of this Agreement.
Comment: This section defines the roles and responsibilities of each Partner within the Band.
5.1 Each Partner shall have specific roles and responsibilities within the Band, as agreed upon by the Partners and outlined in Exhibit A attached hereto.
5.2 The Partners agree to fulfill their respective roles and responsibilities to the best of their abilities, and to support and cooperate with each other in achieving the Band’s goals.
Comment: This section addresses how the assets and liabilities of the Band will be divided among the Partners.
6.1 In the event of the dissolution of the Band, the assets, if any, shall be divided among the Partners in the following manner: [Specify the division of assets, such as equal shares or based on a predetermined percentage].
6.2 The Partners shall be jointly and severally liable for any debts or liabilities incurred by the Band.
Comment: This section outlines the conditions under which the agreement can be terminated.
7.1 This Agreement may be terminated by mutual written consent of all Partners.
7.2 If a Partner wishes to withdraw from the Band, they shall provide written notice to the other Partners within a reasonable time period as specified in Exhibit B attached hereto.
Comment: This section determines the applicable law and the jurisdiction where any disputes arising from the agreement will be resolved.
8.1 This Agreement shall be governed by and construed in accordance with the laws of [Specify the governing law jurisdiction].
8.2 Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of [Specify the jurisdiction].
Comment: This section confirms that the Agreement represents the entire understanding and agreement between the parties and supersedes any prior discussions or agreements.
9.1 This Agreement constitutes the entire understanding and agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.
Title: [Your Title]
[Band Member 1 Name]
By: [Band Member 1’s Name]
Title: [Band Member 1’s Title]
[Band Member 2 Name]
By: [Band Member 2’s Name]
Title: [Band Member 2’s Title]
[Band Member 3 Name]
By: [Band Member 3’s Name]
Title: [Band Member 3’s Title]
Comment: Please note that this is a sample Band Partnership Agreement provided for informational purposes only. It is important to consult with a qualified attorney to tailor the agreement to your specific requirements and to ensure compliance with applicable laws in your jurisdiction.
[Your Name/Organization] [Address] [City, Postal Code] [Country] [Date]
[Band Member 1 Name] [Address] [City, Postal Code] [Country]
[Band Member 2 Name] [Address] [City, Postal Code] [Country]
[Band Member 3 Name] [Address] [City, Postal Code] [Country]
Band Partnership Agreement