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CONTRACT CONTENTS

ARTICLE I

  • NAME AND PLACE OF BUSINESS
  • TERM
  • BAND NAME
  • OWNERSHIP
  • PURPOSE
  • WARRANTIES
  • PROFITS AND LOSSES
  • BOOKS AND RECORDS OF ACCOUNT
  • OWNERSHIP OF COMPOSITIONS
  • PUBLISHING ADMINISTRATION
  • NEW MEMBERS
  • LEAVING MEMBER
  • MEETINGS OF PARTNERS
  • UNANIMOUS CONSENT
  • BOOKS AND RECORDS
  • BANK ACCOUNTS
  • TRANSFER OF PARTNERSHIP INTERESTS
  • PROCEDURE ON DISSOLUTION OF PARTNERSHIP

ARTICLE II

  • GENERAL PROVISIONS

CONTRACT SAMPLE

This ‘BAND PARTNERSHIP AGREEMENT’ (“Agreement”) is made by and entered into between the following individuals, [PARTNER 1 NAME], [PARTNER 2 NAME], [PARTNER 3 NAME], [PARTNER 4 NAME], [PARTNER 5 NAME], and [PARTNER 6 NAME]; and is executed as a binding agreement as of the Effective Date (collectively referred to as “Band,” individually referred to as “Partners”).

BACKGROUND AND PURPOSE

WHEREAS, the Partners of this Band Partnership wish to set forth in this written agreement, the terms and conditions by which they will be governed in this Partnership.

NOW THEREFORE, in consideration of the mutual promises and other good and valuable consideration considered hereinafter, the receipt and sufficiency of which are acknowledged by the Band, the Partners agree as follows:

 

ARTICLE I

  1. NAME AND PLACE OF BUSINESS

(a) Partnership Name – The Partners shall establish themselves as a general partnership (the “Band Partnership”) known as [PARTNERSHIP NAME] governed under the laws of [STATE AND/OR COUNTRY NAME]. The Band Partnership Name is trade name belonging to the partnership, and no Partners shall be entitled to use the name individually without the express, written consent of the Band Partnership. The individual Partners shall have no right to use the Band Partnership Name after the termination of the partnership unless otherwise agreed to in writing by all Partners.

(b)  Place of Business – Its principal place of business shall be [ADDRESS], until changed by agreement of the Partners, but the Partnership may own property and transact business in any and all other places as may be agreed upon by the Partners.

  1. TERM

The Band Partnership will commence on the Effective Date, set forth below, and shall continue until terminated as provided herein.

  1. BAND NAME

The Band Partnership will do business under the name [BAND NAME] (the “Band Name”). The Band Name belongs to the partnership, and Partners shall not be permitted to use the name independently without the written consent of the Band Partnership. The Band owns the following Band domain name: [BAND DOMAIN NAME]

  1. OWNERSHIP

Each Partner acknowledges that the Band Name, Band domain name and logo are the exclusive property of the Band Partnership and not owned by any Partner. Unless authorized in writing, departing Band Partners will have no interest whatsoever in the Band Name, domain name, and logo, apart from the right to be known as an ex-member of the Band. If the Partnership dissolves, no Partner will have the right to use the Band Name, Domain Name, and Logo.

  1. PURPOSE

The purpose of the Partnership is for the Partners to engage in entertainment, amusement, music, recording and publishing. In order to fulfill the Band Partnership purposes, each Band Partner will contribute musical entertainment services to the Band Partnership. The Partners shall render their services in the entertainment field on an exclusive basis to the Partnership during the Term of this Agreement. Each partner agrees to devote his entire time and attention to the affairs of the partnership and to fully perform any and all activities unanimously agreed upon by the Band.

Continued…

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