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playing local shows and bar gigs can eventually lead to your big break as a musical group. however, before seizing the opportunity to sign with a record label – or headline any shows – be sure to have a band agreement, or as it is known in the legal world, a joint-venture agreement. it is a common agreement between partners in most businesses, so why not yours? there are a few types of joint-venture agreement. however, in the event of a band being formed, seeking out a contractual joint venture is the most beneficial. within the contract, all parties are contractually bound to combine resources and expertise with a shared view to carry out a specific project or venture. ultimately, a joint-venture agreement is a broad contract that is not legally bound to one set legislation. when creating the agreement, and because of the lack of direct legislation around it, there is a lot of freedom surrounding which clauses and stipulations to include.
likely, because you are pooling your talents together and aiming to move forward as a group, one person is not responsible to handle any losses that the group may encounter. unless of course, you agree to go about it that way. fortunately, this also means that the income garnered by the success of the group is spread among the members in accordance with how they all decided to split it in the joint venture agreement. contact hummingbird today to talk to the team and make sure that your joint-venture agreement represents your plans as you move forward with your success. hummingbird lawyers strategically assists businesses and individuals in the areas of business and corporate law, commercial and residential real estate transactions, wills and estates, employment law, family and divorce, litigation, and immigration. tuesday: 9a.m.–5p.m. thursday: 9a.m.–5p.m. most people will face a legal issue at some point in their lives. others can be more difficult, such as seeking compensation for injuries resulting from a work or car accident, or working out the consequences of separating from your partner.
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a joint-venture agreement is established between partners (in this case, members of a band or musical group). it is a common agreement between partners in media partnership agreement. a media partnership is an effective marketing solution for companies with low or limited advertising budgets. joint venture agreement re: the gin game – niko international entertainment corp. and magicworks entertainment inc. and other business contracts,, partnership agreement template word, general partnership agreement.
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