When Partners decide to dissolve a Partnership they may need to resolve outstanding issues, including the division of partnership property.
This Dissolution of General Partnership Agreement is drafted in plain English that is easy to read and comprehend. This is a four page, seventeen clause legal Agreement. The Agreement may be filled in on your computer or printed out and filled in later.
We regularly receive feedback that we have successfully drafted our filmmaker contracts to be as complete as possible for all legal situations. However, should you experience a unique personal situation requiring the drafting of a special clause, please contact us at your convenience. Otherwise, you may be obliged to find a local entertainment lawyer experienced in the film making industry who will draft any and all other clauses for your Project’s unique situation or circumstance.
$99.00
General Partner: __________________________________________
(Print Names)
General Partner: __________________________________________
General Partner: __________________________________________
Project Name: ___________________________________________________
Project Genre: ___________________________________________________
(film, music video, stage production)
1. The General Partners names mentioned above shall be known as the “General Partners” in this Dissolution Agreement.
2. This Dissolution of the General Partnership is to dissolve General Partnership Agreement previously signed by the above named General Partners regarding their involvement with the above named “Project”.
3. Any and all historical data, photographs, audio tapes, literature, films, videos including costumes and sets and any and all Equipment purchased during the General Partnership with funds from and/or for and on behalf of the General Partnership and to do with the above named Project shall be distributed and become the property of the General Partners as detailed in Appendix “A”.
4. Copyright for the Project shall be held by the General Partner(s) named: __________________________________________________ in the percentage(s) of __________________________________________%.
5. The above named General Partners shall have the Right to inspect and copy the books and records maintained by the General Partnership Accountant and/or Accounting Firm. And the General Partners shall retain the services of a Certified (Public) Accountant to prepare a Dissolution Financial Reports for all expenditures and revenues from the Project, and to file any and all government forms on Dissolution.
6. Neither General Partner may assign their Rights and obligations pursuant to this Dissolution Agreement without the prior written consent of the other.
7. The General Partners are entering into this Dissolution Agreement as independent contractors, and neither General Partner shall have the Right to bind the other(s) without the express written consent of the General Partner(s) to be bound.
8. The above named General Partners warrant and represent that she/he is free to enter into this Agreement; and that to the best of her/his knowledge and belief all the Rights and Releases necessary for production of the Project have been or will be secured; and that the production of this Project will not violate or infringe the Rights of any . . . (continued)
