Local Creates Contract Guarantee Fund
The Local 655 Executive Board has adopted a resolution creating the Contact Guarantee Fund, a service to help ensure that local musicians are paid for their work, regardless of if the purchaser defaults.The Contract Guarantee Fund allows payment of scale wages for club date/freelance members on one-night performances only.
The requirements of the Fund are as follows:
- Correctly, fully completed contracts must be filed prior to the performance.
- All musicians must be members in good standing during the time the contract was signed and the performance occurred.
- All musicians must conduct themselves in accordance with professional standards/behavior.
- Request for the contract guarantee benefit must be made from the band leader to the Secretary of the Local.
Upon review, the Secretary shall pay scale wages to the affected musicians.
The Contract Guarantee Fund shall be funded through the general operating funds.
The local shall pursue full payment of the contract in question. Upon receipt of the face value of the contract, the local shall pay the musicians the difference above scale wages and return the scale wages portion to the general fund.
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