A General Partnership is the coming together of two or more persons for the purpose of financing a Project. The Partnership invests in a Filmmaker/Producer’s Project with the objective of making a profit on the investment in the Project.
The assets of the Partnership are owned on behalf of the other partners, and they are each personally liable, jointly and severally, for business debts, taxes or tortious liability. A Partnership Agreement will almost invariably expressly provide for the manner in which profits and losses are to be shared. Each general partner is deemed the agent of the partnership.
This General Partnership Agreement between the Partners is drafted in plain English that is easy to read and comprehend. This is an eight page, thirty-one 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.
This Agreement is part of the Producer’s Deal, and the Investor’s Deal.