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Band Partnership Agreement
"I need a Band Partnership Agreement for a new 4-member Afrobeat group based in Lagos, with specific provisions for 60/40 split of songwriting royalties between the lead songwriter and other members, planned to be effective from January 2025."
1. Parties: Identifies all current band members entering into the partnership agreement
2. Background: Brief history of the band's formation and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Band Name and Ownership: Establishes ownership and usage rights of the band's name
5. Partnership Structure: Defines the legal structure of the partnership and members' shares
6. Contributions: Details initial and ongoing contributions of each member (financial, equipment, etc.)
7. Management and Decision Making: Procedures for band decisions and day-to-day management
8. Income and Expense Sharing: Distribution of profits and responsibility for expenses
9. Intellectual Property Rights: Ownership and management of songs, recordings, and other creative works
10. Band Member Obligations: Responsibilities and commitments expected from each member
11. New Members and Departures: Procedures for adding new members or handling departures
12. Dispute Resolution: Process for resolving conflicts between band members
13. Dissolution: Procedures for dissolving the partnership and distributing assets
14. Governing Law: Specifies Nigerian law as governing law and jurisdiction
1. Non-Compete Clause: Restrictions on members' participation in other musical projects
2. Social Media and Publicity: Management of band's social media accounts and public relations
3. Equipment Ownership: Detailed arrangements for jointly owned equipment and instruments
4. Recording Deals: Procedures for entering into and managing recording contracts
5. Tour Management: Specific arrangements for touring and live performances
6. Session Musicians: Terms for engaging and compensating temporary or session musicians
7. Merchandising Rights: Management and profit sharing from merchandise sales
8. Insurance Requirements: Specifications for insurance coverage for equipment and performances
1. Schedule A - Current Band Members: List of current members with their roles and contact details
2. Schedule B - Asset Register: Detailed inventory of band-owned equipment and assets
3. Schedule C - Profit Sharing Formula: Detailed breakdown of how different types of income are shared
4. Schedule D - Intellectual Property Register: List of songs, recordings, and other IP owned by the band
5. Schedule E - Band Member Contributions: Details of initial financial and asset contributions by each member
6. Appendix 1 - Band Logo and Trademarks: Visual representations of band's logo and registered trademarks
7. Appendix 2 - Standard Operating Procedures: Detailed procedures for rehearsals, bookings, and performances
Authors
Music and Entertainment
Media
Performing Arts
Creative Industries
Events Management
Digital Media
Recording Industry
Entertainment Law
Intellectual Property
Legal
Business Affairs
Intellectual Property
Artist Management
Contract Administration
Entertainment Law
Music Production
Artist Relations
Entertainment Lawyer
Band Manager
Music Producer
Artist Manager
Legal Counsel
Intellectual Property Specialist
Contract Administrator
Music Industry Consultant
Business Affairs Manager
Band Member
Session Musician
Recording Artist
Music Director
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