My band just signed with a major record company. What happens to our killer name if there is a breakup?

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My band just signed with a major record company. What happens to our killer name if there is a breakup?

When a band is signed to a major record deal, the record company may ask for the right to decide who are the "key members" of the band. In the event of break-up, those key members would retain ownership of band’s name and remain under contract. (Reprinted with permission of Ruben Salazar, Esq.)
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