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Aaron Jacobson, known as the Music Industry Lawyer and owner of Indie Artists Resource, offers affordable DIY contract templates for independent musicians. In this video, he discusses the importance of a band partnership agreement for bands opting for a general partnership. Jacobson highlights that disputes can arise over rights, the band name, and finances. He shares an example of a young artist facing challenges during a band breakup, needing clarity on ownership of songs and recordings. The video emphasizes the necessity of having discussions about ownership and agreements to avoid conflicts in the future.