Mastermind Agreement Template

A Mastermind Agreement is a contract formed between a mastermind group leader or organizer or host and the members of the group. A mastermind group is usually a small, exclusive group of people who meet (virtually or in person) on a regular basis to discuss and solve their challenges, learn together, and support each other in achieving their goals.

Here's what a Mastermind Agreement usually covers and why it's important:

1. Membership Terms: The agreement outlines the terms of membership, including the cost, duration, number of meetings, and the conditions for renewal or termination of the membership.

2. Meeting Conduct: It sets out expectations for meeting conduct, such as participation, preparation, punctuality, and respect for other members.

3. Confidentiality: The agreement usually includes a strong confidentiality clause because members will often be sharing personal and business information, ideas, and strategies that they would not want to be made public.

4. Dispute Resolution: It provides a mechanism for resolving any disputes that may arise within the group.

5. No Guarantee Clause: The agreement may also state that while the group exists to support each member's success, there are no guarantees of specific results or outcomes.

6. Intellectual Property: The agreement might address the ownership and use of materials created and shared within the group, such as workbooks, guides, or recorded sessions.

In simple terms, a Mastermind Agreement is like a set of rules for the mastermind group. It helps ensure that everyone knows what to expect, how to behave, and what their rights and responsibilities are. This can lead to a more effective, focused, and harmonious group.

The Group Coaching Agreement includes the following:

• A group coaching agreement template with placeholders and instructions
• A step-by-step instructional video walking you through the steps to customize this for your business

Here are some of the clauses that are included in the Mastermind Agreement template:

• Services provided
• Payment terms
• Late or missed payments
• Refund policy
• Confidentiality 
• Intellectual Property
• Members Responsibilities 
• Mastermind group rules
• Collaboration with outside coaches and instructors 
• No guarantees
• Term and termination
• Amendments
• ...and more!