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Band Membership Agreement

My It will vary depending on the needs of the different groups, but here are some of the touchstones that the group`s partnership agreement will address: how much money, if any, owed to a former member of the group? If there is a one-time payment relative to the band`s net asset value at the start time, how is it calculated and what is the payment plan? If there is an ongoing obligation, what is the formula with respect to royalties and other revenues from registrations made while the former member was a member? What property (e.g.B instruments, assemblies and equipment) belongs to individuals and what belongs to the group? Without a band agreement, each member of your group can prevent you from using the group name if he/she chooses it. In fact, they might be able to create their own group and use your existing group name.

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