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Aaron Jacobson, known as the music industry lawyer, introduces the band partnership agreement available on Indie Artists Resource. The platform provides affordable DIY contract templates for independent musicians not ready to hire an attorney. He emphasizes the importance of a band partnership agreement for groups that have chosen a general partnership as their entity type, citing numerous disputes over rights, band names, and money among bands. Jacobson shares a case where a young artist faced uncertainty about ownership of songs and recordings amid a band breakup, highlighting the need for clear agreements to avoid such conflicts.