GOT7 will not renew its contract with JYP Entertainment, but members may continue as a team if they wish after acquiring rights to their trademark.
Although AHGASE showed its support to the rumors that GOT7 would leave the company where it debuted several years ago, the concern remained because it was not sure if they could take the group to another company and continue working together, but now everything seems promising for the kids and their fans.
According to several reports, the trademark rights for the group will pass to the members, as indicated in the contract for artists according to the Fair Trade Commission in South Korea.
Therefore, once GOT7 and JYP Entertainment terminate their contract, the company would have to transfer to the members the rights to their name and materials that have been made by the group, such as songs, photographs and their artistic names.
GOT7 WILL BE PERFORMING IN FRONT OF ITS FANS SOON
The group members showed their friendship and their intention to stay together by sharing a group selfie on their personal Instagram accounts, all photos were accompanied by the hashtag #GOT7Forever, giving encouragement to their followers.
Besides, very soon we will be able to see these idols performing at the APAN Music Awards, so AHGASE has expressed its emotion.