If a member of the band wants to leave voluntarily, what communication should be communicated and how does this change on the tour? The band`s link in the contract, including the possibilities of exploitation. Are there any restrictions? We advise you to treat this Music Biz Academy group agreement template to get started, but be sure to adapt it to your group`s specific requirements. Being a musician is a business. If you are in a band, one of the most important elements in the organization of your business is to have an effective band agreement. Group members agree to share all net profits or losses, commitments and rights of the group. If a member decides to leave the band, that member has only shares in the winnings of the recorded and distributed music, while that member was still part of the band. When a member withdraws, this agreement remains in effect for the remaining members of the group. If a new member is added, he or she must agree under this agreement. Once you feel like the group is “stable,” you should talk to everyone about what commitment really is.
Put the idea of a group agreement on the group. Explain why it`s important and how it`s going to help. (In fact, it might make people happy to know exactly what they are guaranteed as a member of the group.) Then choose a time to work out the details. The representative of the group signed below guarantees that he is entitled to sign this agreement in its entirety. The operator`s representative, signed below, guarantees that he is entitled to hire the operator and the location (above). 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? While you`re at it, another useful company to keep you busy early in your band`s career is copyrighting all your music, branding your band`s name and making sure you write contracts in your favor prepared for your producers and agents to agree.