• Who is entering into the agreement and the purpose of the agreement

• At what frequency meetings take place, via what medium and how communication outside the meetings takes place

• How new members are selected and approved to join the group

• Who will lead the group and the curriculum that will be covered

• Fee for joining the mastermind as well as methods of payment accepted and payment terms (initial payment, retainer/deposit, final payment, etc.)

• What happens if the situation arises of a late payment

• How outside educators and their cost will be handled

• Statement on confidentiality

• Who owns the intellectual property and copyright of trade secrets shared

• What happens if a member wishes to cancel their membership in the group and the process of removal

• Standard legal clauses, including: Dispute resolution, amendments, waiver, indemnification, merger, and force majeure

This is an essential template for any business owner who is looking to host a mastermind group.

This agreement will define the relationship between the parties and set clear expectations on what to expect inside the mastermind group.

Alternatively, if you’ve been invited to a mastermind and have been given a dinky contract, you can send this agreement to the host instead, it protects all parties equally.

Instant access to:

• An instruction guide on how to edit & use your template

• Your legal template in .docx format which may be edited in any word processor or Google Docs

• Highlighted sections and instructions in the template on how to properly customize it to your business