Jebujene Africa Media – Collabos Co-operative

Foundation

The founding banking, accounting, strategic directing, publishing, and producing members of the co-operative are the following individuals and entitites: 1.) Olubamidele Fatunla 2.) DMMHI, and 3.) Jebujene and 4.) Jebujene Africa respectively – who have the core responsibility for maintaining the administration of the co-operative initiatives work and tools, and from hereon called ‘the maintaining and directing entity’ – and the incorporated aspect of the entity absorbs the financial liability for any expenditure.

Ownership

Save for the entities listed above, participation in the initiative confers no right of ownership in the entities listed above; and produces no contract of employment between the entities above and any participating partners.

Limitation of Liability

Participating members have rights, responsibilities, roles, and deliverables related solely to the co-operative initiative and assume no liability for the finances of the entities listed above or any other entities engaged in projects with the initiative

Core Objectives

The core objective of the collaborative initiative is to aggregate productive creative capacities, principally of black and African creative producers; serve as a vehicle for mobilising capital for the realisation of creative and media project particularly in the areas of focus for Jebujene; generating income and profits to further the productive capacities of African producers of content and other related work for the benefit of Africa and its diaspora

Capital Raising

These objectives will be achieved by pooling together social capital and equity in the form of collaborative labour and capital derive via 1.) Gathering of membership dues 2.) Income and profits from productive work and related assets 3.) Grants, donations, and community investments 4.) Sale of donated or acquired assets

Copyright

The copyright of any project undertaken within the initiative and not branded, preceded, or followed with the name ‘Jebujene Africa’ remains with the originating individual or entity, unless otherwise allocated by a signed agreement or declaration; projects produced under the name ‘Jebujene Africa’ are within the global African commons and held in trust by the ‘maintaining entity’  

Financing

The collaborative initiative may not raise loans, acquire any property or entity via debt or credit – and may not accept any liability for such in partnership with any other entity

Membership

Membership shall be by invitation and recommendation, with final suitability and appointment determined by ‘the maintaining entity’; there shall be two forms of membership: Organisational membership and individual membership; organisational membership shall be restricted to privately held entities operating in Africa and the global African diaspora or owned by persons of African descent – with a maximum turnover of £250, 000; this criterion shall be revised annually.

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Investment & Equity

Jebujene Africa Media – Collabos Co-operative

Foundation

The founding banking, accounting, strategic directing, publishing, and producing members of the co-operative are the following individuals and entitites: 1.) Olubamidele Fatunla 2.) DMMHI, and 3.) Jebujene and 4.) Jebujene Africa respectively – who have the core responsibility for maintaining the administration of the co-operative initiatives work and tools, and from hereon called ‘the maintaining and directing entity’ – and the incorporated aspect of the entity absorbs the financial liability for any expenditure.

Ownership

Save for the entities listed above, participation in the initiative confers no right of ownership in the entities listed above; and produces no contract of employment between the entities above and any participating partners.

Limitation of Liability

Participating members have rights, responsibilities, roles, and deliverables related solely to the co-operative initiative and assume no liability for the finances of the entities listed above or any other entities engaged in projects with the initiative

Core Objectives

The core objective of the collaborative initiative is to aggregate productive creative capacities, principally of black and African creative producers; serve as a vehicle for mobilising capital for the realisation of creative and media project particularly in the areas of focus for Jebujene; generating income and profits to further the productive capacities of African producers of content and other related work for the benefit of Africa and its diaspora

Capital Raising

These objectives will be achieved by pooling together social capital and equity in the form of collaborative labour and capital derive via 1.) Gathering of membership dues 2.) Income and profits from productive work and related assets 3.) Grants, donations, and community investments 4.) Sale of donated or acquired assets

Copyright

The copyright of any project undertaken within the initiative and not branded, preceded, or followed with the name ‘Jebujene Africa’ remains with the originating individual or entity, unless otherwise allocated by a signed agreement or declaration; projects produced under the name ‘Jebujene Africa’ are within the global African commons and held in trust by the ‘maintaining entity’  

Financing

The collaborative initiative may not raise loans, acquire any property or entity via debt or credit – and may not accept any liability for such in partnership with any other entity

Membership

Membership shall be by invitation and recommendation, with final suitability and appointment determined by ‘the maintaining entity’; there shall be two forms of membership: Organisational membership and individual membership; organisational membership shall be restricted to privately held entities operating in Africa and the global African diaspora or owned by persons of African descent – with a maximum turnover of £250, 000; this criterion shall be revised annually. Membership dues shall be £12 for individuals; £60 for organisations below £120, 000 in turnover; and £120 for organisations above £120, 000 in turnover. The marshalling entity may waive membership dues at their discretion upon due consideration.

Investment & Equity

Participants in projects initiated or accepted by Jebujene Africa shall be paid at the membership rate of £8…… per hour – where there is existing but minimal financial capital to initiate the project; where there is substantial capital, members remuneration shall reflect equity, industry or individual rates; where the participants are initiating the project drawing on social and intellectual capital, at the successful, financial conclusion of such a project participants shall be paid at the standard membership rate – where the project is not financially successful – the cost of the labour contributed shall be counted as a donation to the initiative – and all participants shall keep and provide a record of their hours applied to projects and activities in the initiative.

Profit & Income

For any project where there is a financial success (recouping of all invested, labour and administrative costs) – the profits of the specific project shall be split as follows: 30% to the ‘maintaining entity’ – 20% to be split between the collaborative team that produces the project; 20% re-invested into the collaborative initiative itself; 30% into a distributed fund for all participants in the collaborative – of which 10% shall be held in reserve; these funds shall be allocated on an annual basis – with collabos receiving bi-ennial statements of the entities income.  

Moral Hazard

Participants agree that while they remain free creative agents they may not create or undertake projects under the banner of the collaborative outside of those agreed by collabos and the maintaining entity;

Banking

Until such a time as it is possible to establish a separate bank account/s and legal entity the funds will Be held by DMMHI and income from projects held for semi-annual distribution with bi-annual record of accounts shared with cooperative members; members agree for reasons of practicality that any interest derived from income held during this time shall be treated as a donation to the entity ‘Jebujene Africa’

Records

The ‘maintaining entity’’ shall maintain a record of members of the initiative; hours applied to projects, and the overall records of the organisation, and produce a brief annual account of the activities of the initiative from records supplied by members; each member of the initiative shall provide a brief detail of their annual activity relevant to the initiative

Departments

Where practicable or necessary, the maintaining entity may create distinct department of the collaborative on the basis of geographic, social, linguistic and financial currency particularities, though all efforts shall be aimed at creating a singular collaborative entity regardless of such division 

Project & Programme Consultation

Members shall have consultative status on projects proposed to the initiative with final decision resting with the maintaining entity, however no members are compelled to participate in any project unless it fits their remit and activities

Project & Programme Delivery

Members participation in projects or programmes shall however be governed by contract and letters of agreement with specified time limits and periods; members reneging on such agreements without due cause (certified ill health, acts of God) – shall immediately forfeit membership

Indemnity

Members indemnify ‘the maintaining entity’ of any liability for their person, property, and privacy as a result of participation in the initiative though all due care shall be taken by the maintaining entity to secure these, and members affirm their desire to do the same for the maintaining entity and fellow members

Disputes

Where disputes arise – all involved parties shall select a member of the co-operative to participate in a palaver to resolve the matter in the presence of an independent arbitrator, except in instances where criminal offence is alleged; fees for an arbitrator or mediator shall be paid out of the reserved funds of the collaborative

Revision

These terms may be revised from time to time but only once in any given calendar year

Operational Year

The initiative shall run a ‘creative year of 10 months from ‘March – October’ – and an accounting year in line with the UK tax year or any relevant territory in which the maintaining entity is based.

Profit & Income

For any project where there is a financial success (recouping of all invested, labour and administrative costs) – the profits of the specific project shall be split as follows: 30% to the ‘maintaining entity’ – 20% to be split between the collaborative team that produces the project; 20% re-invested into the collaborative initiative itself; 30% into a distributed fund for all participants in the collaborative – of which 10% shall be held in reserve; these funds shall be allocated on an annual basis – with collabos receiving bi-ennial statements of the entities income.  

Moral Hazard

Participants agree that while they remain free creative agents they may not create or undertake projects under the banner of the collaborative outside of those agreed by collabos and the maintaining entity;

Banking

Until such a time as it is possible to establish a separate bank account/s and legal entity the funds will Be held by DMMHI and income from projects held for semi-annual distribution with bi-annual record of accounts shared with cooperative members; members agree for reasons of practicality that any interest derived from income held during this time shall be treated as a donation to the entity ‘Jebujene Africa’

Records

The ‘maintaining entity’’ shall maintain a record of members of the initiative; hours applied to projects, and the overall records of the organisation, and produce a brief annual account of the activities of the initiative from records supplied by members; each member of the initiative shall provide a brief detail of their annual activity relevant to the initiative

Departments

Where practicable or necessary, the maintaining entity may create distinct department of the collaborative on the basis of geographic, social, linguistic and financial currency particularities, though all efforts shall be aimed at creating a singular collaborative entity regardless of such division 

Project & Programme Consultation

Members shall have consultative status on projects proposed to the initiative with final decision resting with the maintaining entity, however no members are compelled to participate in any project unless it fits their remit and activities

Project & Programme Delivery

Members participation in projects or programmes shall however be governed by contract and letters of agreement with specified time limits and periods; members reneging on such agreements without due cause (certified ill health, acts of God) – shall immediately forfeit membership

Indemnity

Members indemnify ‘the maintaining entity’ of any liability for their person, property, and privacy as a result of participation in the initiative though all due care shall be taken by the maintaining entity to secure these, and members affirm their desire to do the same for the maintaining entity and fellow members

Disputes

Where disputes arise – all involved parties shall select a member of the co-operative to participate in a palaver to resolve the matter in the presence of an independent arbitrator, except in instances where criminal offence is alleged; fees for an arbitrator or mediator shall be paid out of the reserved funds of the collaborative

Revision

These terms may be revised from time to time but only once in any given calendar year

Operational Year

The initiative shall run a ‘creative year of 10 months from ‘March – October’ – and an accounting year in line with the UK tax year or any relevant territory in which the maintaining entity is based.

Voting and Consultative, and Advisory Status

Participants and members in the collaborative initiative will have the right to be consulted, and advise on decisions of significance via surveys and a general vote conducted via a maintained list (electronic or otherwise), with final strategic and executive decisions with the marshalling, originating and maintaining entity.

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