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band member contract

3. This default means that the finished agreement will not have a clause dealing with that topic. The only exceptions to this contract where a unanimous vote will not be required will be where the exceptions are specifically stated and set forth herein or where exceptions are set forth by a unanimous vote of the Partners. This selected accountant (or accounting firm) shall: 1. If, under this Partnership Agreement, a majority of the Partner band members are performing together, they can use the Band Name. For example at periodic two week intervals, or, with respect to a special surplus distribution, at the end of the year. Members from both bands spent hundreds of millions of dollars for a judge to determine what could have been determined from the outset in a good agreement. A formal band agreement – not the one where you shake hands or drunkenly promise each other you're in it for the long haul – is simply a contract. Partners who have resigned or who have been expelled from the Partnership will be entitled to inspect all books of account within thirty (30) days of the date they left the Partnership. Only one member of the band may be removed at a time with each removal of a Partner band member made only during a single voting event. Allow any Partner the right to sign Partnership checks. LawDepot's Performance Contract can be used for individual performers or groups of performers. This agreement can be terminated only with written agreement by all Band members. PARTNERSHIP ASSETS: Each Partner is entitled to an interest in the assets of the Partnership with the profits and losses of the Partnership and all items of income, gain, loss, deduction, or credit shared equally by each Partner if capital contributions were equally made or if no capital contributions were ever made. Yet most bands do not think about signing one until it’s too late…and it comes back to haunt them. The Place of Residence of each Partner is: The above named, and below undersigned Partners do hereby make, with the following terms, conditions and obligations by which they will associate themselves in the Partnership in effect only as long as the contract is valid, the following Agreement: NAME OF PARTNERSHIP: The Partnership shall operate and conduct business under the name of the band which is ___________________________________ (Partnership Name) and shall operate and do business under this and no other name. Even if you’re there only to play music, if you want to be serious about your career, there’s always a business relation to it and it will help you settle when it comes to finances and other important stuff. The Partner who leaves voluntarily shall pay the cost of calculating the assessment to determine whether there is, or is not, a Partnership net debt. Required fields are marked *. 7. To refrain from drinking or smoking on stage during live performances and to maintain good showmanship, 8. Your email address will not be published. A leaving Partner band member is entitled to their proportionate share (a proportionate share being a proportion equal to each of the other Partner’s shares, or a share that is equal to the proportion of the Partner’s capital contribution if capital contributions have been made by the Partners) of any property, assets, and/or rights owned by the Partnership which resulted from activities they participated in before departing. PUBLISHING ADMINISTRATION OF RECORDED COMPOSITIONS: The publishing administration of all Partnership owned Recorded Compositions shall be executed by the Partnership or by the publishing arm of the Partnership (Publishing Company Interstate Exclusive Recordz Corp). They’re the generous type, you know, they say things like "Don’t worry about the $200, we’re in this together.

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