BAND MEMBER AGREEMENT
THE BAND PARTNERSHIP FORMATION: In consideration of the mutual
covenants hereinafter contained, it is hereby agreed that the parties (band
members) named hereunder do establish and constitute themselves as a general
partnership business entity subject to the terms, conditions and obligations
hereinafter set forth:
This Partnership Agreement is made and entered into by and between
________________________________________________________________
________________________________________________________________
Name of Artist(s)
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
Name of Musician(s)
Each of the above named band members are hereinafter
individually referred to as "Partner" and collectively as
"Partners."
The Place of Residence of each Partner is:
________________________________________________________________
________________________________________________________________
Address of Artist(s)
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
Address of Musician(s)
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.
PRINCIPAL PLACE OF BUSINESS: The address and location of the
Principal Place of Business for the Partnership shall be:
Address: _________________________________
City: _____________________________
State: ___________________
Zip: _____________
but the Partnership may, by a majority vote of the Partners,
transact business in any and all other places and have an alternate, additional,
or substitute office as may from time to time be agreed upon to be in the best
interest of the Partnership.
DECISION MAKING, VOTING AND RECORDING IN WRITING REQUIREMENTS:
1. Unless otherwise specifically stated and set forth herein, all
decisions regarding the Partnership shall be made by voting. Each Partner shall
have the right to participate in the business of the Partnership. A meeting of
the Partners can be called by any Partner upon reasonable notice.
2. All Partners agree to attend any meeting that requires the
voting participation of a Partner, where such meeting is so designated and
requested by a majority of the Partners. Partners agree to be punctual and
arrive at the meeting place on time.
3. Each Partner has one vote. Each vote is equal if the capital
contributions to the Partnership by each Partner is equal. If capital
contributions vary from Partner to Partner, each Partner’s vote shall be cast
in the same percentage as their capital contribution. If the Partner with the
highest capital contribution to the Partnership is double or more than that of
the next largest contributor, the Partner with the highest capital contribution
has veto power with respect to any vote taken.
4. In the event of any tie vote and if the Partners have secured a
manager or management team, the tie-breaking vote shall be cast by the manager
or by a representative from the management team, or by the flip of a coin if no
manager or manager’s representative is present when the vote takes place.
5. All decisions made via the voting process will be recorded in
writing and initialed by all Partners within seven (7) days of the date of the
decision making vote. Implementation shall commence on the date when the written
notice has been initialed by all the Partners.
6. All appointments made shall be recorded in writing.
7. All contracts entered into by the Partnership shall be recorded
in writing
UNANIMOUS VOTES: A
unanimous vote of the Partners will be required to:
1. Make amendments or changes of any kind to the Partnership
Agreement. The signatories agree that the aims, objectives and rules hereunder
may be altered from time to time, all amendments, waivers, modifications or
changes to this Agreement shall be binding when made in writing and attached to
this Agreement and confirmed by a unanimous vote and signed by all Partners. No
waiver of any breach of this Agreement shall be construed as a continuing waiver
or consent to any subsequent breach hereof,
The Above Example
Version of the BAND MEMBER AGREEMENT
Contains Only 5 of the 42 Contract Clause Titled Sections Contained in the Full Version.
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