Sample Portion of Agreement
Joint Venture Agreement
(Short Form)
Joint Venturer: __________________________________________
(Print Names)
Joint Venturer: __________________________________________
Project Name: __________________________________________
Project Genre: __________________________________________
(film, music video, stage production)
1. The Joint Ventures names mentioned above shall be known as the “Joint Venturers” in this Agreement.
2. The Joint Venturers have agreed to make contributions to a common fund for the purpose of financing the above named Project.
It is therefore agreed:
3. Purpose. The Joint Venturers form this joint venture to finance the above named Project in common and to provide the business guidance required for the Project. To the extent set forth in this Agreement, each of the Joint Venturers shall own an undivided fractional part in the business.
4. Contributions. Each of the Joint Venturers, for the purpose of this joint venture, contribute the sum set after the name of each Joint Venturer as follows:
Joint Venturer __________________________ Contribution ______________
Joint Venturer __________________________ Contribution ______________
For the total contribution to the Project financing of ______________________
5. Expenses of Venture. All losses and disbursements incurred by the Agent in acquiring, holding and protecting the business interest and the net profits shall, during the period of the venture, be paid by the Joint Venturers, on demand, in the ratio which the contribution of each Joint Venturer bears to the total contributions set forth in Paragraph 4.
6. Profits. The Agent shall hold and distribute the business interest and shall receive the net profits as they accrue for the term of this Agreement or so long as the Joint Venturers are the owners-in-common of the business interest, for the benefit of the Joint Venturers as follows:
Joint Venturer____________________________ Proportion ______________
Joint Venturer____________________________ Proportion ______________
7. Term. This Agreement shall be deemed completed on the happening of either of the following events: (a) the receipt and distribution of the final net profits accruing under the . . . (continued)
Loading...
