Each group situation is so different and unique, so I never recommend models for band chords. Although this title depends on the band participating in a single contract, the financial clauses determine how the money is distributed among the group members (uniformly or with some members who receive more than others). In addition, these clauses describe the distribution of group spending among members. A clause that says how and why a member can be fired from a group is often an integral part of a group`s career. According to the band, this often requires a unanimous decision, and the contract generally explains what the outgoing member receives from the band`s assets. Most of the time, the admission of a new member also requires the unanimous decision of the group, although this may vary. This seems obvious, but clearly defined the name of the band also allows space in the rest of the contract to explain the authorized use of the band name. The contract says z.B. if the name is in everyone`s possession and who (if someone) can use the name in the event of a tape break. Group Members – What happens when a new member joins or an existing member leaves the group? The group agreement is perhaps the most important document a group of musicians can have to ensure that things go well in the band, as their career progresses. Whether you are a new or a well-established group, you need this agreement. Most of the legal issues I meet at my office could have been avoided by a formal agreement.
Purchasing equipment – How will the group buy equipment? How is it stored and transported? Do we need insurance? A common default is «Don`t Specify.» This default means that there is no clause in the agreement. The advantage of non-mention is that you get a shorter and simpler document, and in some cases the problem may not even apply; However, the document will be less specific. Does anyone have more control over the name of the band? The band can only use the name if everyone still performs together? Can a majority of members who come together use the name? Is that the name of Person A, whether he is in the group or not? What would you say if only person A and person B could use the group, that there was someone else in the group? How much money, if any, does it owe a former member of the group? If there is a one-time payment for the band`s net inventory value at check-out time, how is it calculated and what is the payment schedule? If there is an ongoing commitment, what is the formula for royalties and other revenues from recordings made during the former member`s period? Depending on where your group is based, there are probably unique laws for your province or state that govern partnerships, whether the partnership is four people in a group or three people running a social media marketing company.