Joint Venture Agreement
Joint Venture Agreement
A Joint Venture is an entity formed between two or more parties to undertake economic Project together. The parties agree to create a Joint Venture by both contributing financial funds for the Project. The parties to the joint Venture then share in the revenues, expenses, and control of the enterprise.
The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability partnership or other legal structure, depending on a number of considerations such as tax and tort liability.
This Joint Venture music contract Agreement is drafted in plain English that is easy to read and comprehend. This is a “Short Form” two page, nine clause legal music contract Agreement. The music contract 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 music 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 music industry who will draft any and all other clauses for your Project’s unique situation or circumstance.
Our music contracts are based on the principles of contract law, are country neutral and may be used in Australia, Canada, England, India, Ireland, New Zealand, South Africa, United Sates or any country whose legal principles are based on the English or American Legal System.
Our music contracts provide legal protection for music writers and composers, music agents, music recorders, music producers, musicians and singers, music distributors and music marketers and are used by: Alternative bands, Ambient musicians, Blues Bands and Blues singers, Classic Rock Tribute Bands, Choral Ensembles, Country and Western Bands, Country Rock Bands, Country singers, Dance Bands, Electric and Electronic Bands, Folk singers, Hip Hop singers, Jazz singers, Jazz Bands, Jazz ensembles, Polka Bands, Rap singers, Rap groups, Reggae Bands and Reggae singers, Religious Groups and Religious Bands, Religious Singers, R&B Groups, R&B Bands, R&B Singers, Rock Bands, and International Bands and International singers.
More Details
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 . . . continued
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