Film Project Joint Venture Agreement

Set up a joint venture to develop and produce an original motion picture with this Film Project Joint Venture Agreement template.

• Ownership of all property, assets and intangibles such as rights in the screenplay, the picture, merchandising, and publishing rights will be held by the joint venture.
• The joint venturers will contribute capital and services to the joint venture as required to complete the project.
• Net profits or losses generated by the motion picture will be allocated among the joint venturers in proportion to their capital contributions. Tax credits and deductions will be allocated equally.
• The joint venturers will have equal control and authority over all decisions and matters concerning the joint venture and the development and production of the film project.
• Each of the joint venturers are entitled to a screen credit as producers of the film.
• The joint venturers will not be required to devote their time exclusively to the film project, provided that they devote as much time as is required to fulfill their obligations to the joint venture.
• Upon the death, incapacity or disability of a joint venturer, then (subject to tax consequences) the joint venture will continue as a limited partnership with the successor-in-interest of the deceased or disabled joint venturer as a limited partner. The limited partner will not be entitled to vote or participate in partnership business, but must give consent to the disposition of the joint venture's property.

You can easily tailor this Film Project Joint Venture Agreement to fit your unique circumstances. Buy and download the digital template, use it as often as you require.