Bands break up, members leave, members join, a band needs to collect revenue (whether that’s from performances or royalties from records sales) and decisions need to be made. Without these things formalised it can get messy.
For most musicians and bands it the last thing they want to do when starting out but getting the right things in place early saves a lot of hassle, pain, distraction and cost down the track. There is a very long list of bands that 'made it' but had their careers stalled or even cut short because some simple things weren’t considered important early enough.
In this blog we give you eight things you need to think about when it comes to getting your band partnership agreement sorted.
Your band agreement can take a number of different forms; the two most common are a 'partnership' agreement or in the case of a company, a shareholders agreement. There are a number of different ways to structure your enterprise and how you do it will depend on your particular situation. Either way you will need an agreement that’s more than a handshake over a few beers and one that deals with the below at the very least.