Legal Precedent - Pink Floyd
Amidst creative differences within the group, Waters left Pink Floyd in 1985, and began a legal battle with the remaining band members regarding their continued use of the name and material. In December 1985 Waters "issued a statement to EMI and CBS invoking the 'Leaving Member' clause" on his contract. In October 1986, he initiated High Court proceedings to formally dissolve the Pink Floyd partnership. In his submission to the High Court he called Pink Floyd a "spent force creatively". Gilmour and Mason opposed the application and announced their intention to continue as Pink Floyd. Waters claims to have been forced to resign much like Wright some years earlier, and he decided to leave Pink Floyd based on legal considerations, stating " ... because, if I hadn't, the financial repercussions would have wiped me out completely."] In December 1987, an agreement between Waters and Pink Floyd was reached.
Go 'Barney's Band'
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