When the Beatles broke up in 1970, their shared business interests didn't end. And there were years of litigation defining how that would work.
Whether you're forming a band, entering a commercial lease, or starting a business, ending the relationship doesn't necessarily end the legal obligations. Income, bills, intellectual property rights, and other rights and responsibilities can continue long after business partners go their separate ways.
A well-drafted contract shouldn't just address how a relationship begins. It also should address what happens when it ends. There are standard contracts, but there aren't standard business relationships. Customized business planning while everyone is getting along can prevent expensive disputes later.
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