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Production Company Partnership Agreement Template for India

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Key Requirements PROMPT example:

Production Company Partnership Agreement

"I need a Production Company Partnership Agreement for a three-partner film production company based in Mumbai, with one partner contributing equipment, another providing studio space, and the third managing creative direction, with operations starting January 2025."

Document background
The Production Company Partnership Agreement is essential for individuals or entities looking to establish a formal partnership structure for their production business in India. This document is particularly crucial in the media and entertainment industry where clear delineation of rights, responsibilities, and ownership is vital. It must comply with the Indian Partnership Act, 1932, while addressing industry-specific concerns such as intellectual property rights, project management, and revenue sharing. The agreement becomes necessary when two or more parties wish to combine their resources, expertise, and business acumen to operate a production company, whether for film, television, digital content, or other media formats. It covers critical aspects including capital contribution, profit sharing, operational control, project approval processes, and dispute resolution mechanisms, all within the Indian legal framework.
Suggested Sections

1. Parties: Identification and details of all partners entering the partnership

2. Background: Context of the partnership formation and partners' intention to operate a production company

3. Definitions: Definitions of key terms used throughout the agreement

4. Partnership Structure: Details of partnership type, profit/loss sharing ratios, and capital contributions

5. Business Scope: Defined scope of production activities and permitted business operations

6. Management and Control: Management structure, decision-making processes, and voting rights

7. Financial Arrangements: Capital accounts, drawing rights, expense allocation, and accounting procedures

8. Production Projects: Process for project approval, execution, and management

9. Intellectual Property Rights: Ownership and management of IP created during partnership operations

10. Partner Duties and Responsibilities: Specific roles, commitments, and obligations of each partner

11. Non-Compete and Confidentiality: Restrictions on competitive activities and handling of confidential information

12. Addition and Retirement of Partners: Procedures for adding new partners or handling partner retirement

13. Dissolution and Termination: Conditions and procedures for partnership dissolution

14. Dispute Resolution: Mechanism for resolving disputes between partners

15. Governing Law: Applicable laws and jurisdiction

Optional Sections

1. International Operations: Include when the production company plans to operate internationally

2. Digital Rights Management: Include for companies focusing on digital content production

3. Equipment Ownership: Include when partners contribute significant production equipment

4. Studio Facilities: Include when partnership involves ownership/operation of physical studio spaces

5. Content Distribution Rights: Include for companies handling content distribution

6. Talent Management: Include if the partnership involves representing artists or talent

7. Insurance and Liability: Include detailed insurance requirements for high-risk productions

8. Environmental Compliance: Include for productions with significant environmental impact

Suggested Schedules

1. Schedule A - Partner Details: Detailed information about each partner including contact details and qualifications

2. Schedule B - Capital Contributions: Itemized list of initial and agreed future capital contributions

3. Schedule C - Profit Sharing Ratio: Detailed breakdown of profit and loss sharing arrangements

4. Schedule D - Asset Register: List of partnership assets including equipment and intellectual property

5. Schedule E - Project Approval Matrix: Decision-making framework for different types and scales of projects

6. Schedule F - Key Personnel: List of key employees and their roles

7. Appendix 1 - Operating Procedures: Detailed operational guidelines and procedures

8. Appendix 2 - Financial Protocols: Detailed financial management and reporting procedures

9. Appendix 3 - Compliance Checklist: List of regulatory requirements and compliance procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses














































Relevant Industries

Film Production

Television Production

Digital Media Production

Advertising Production

Animation and Visual Effects

Music Production

Live Event Production

Web Series Production

Documentary Production

Corporate Video Production

Gaming and Interactive Media

Educational Content Production

Relevant Teams

Legal

Finance

Operations

Production

Business Development

Creative

Administration

Compliance

Project Management

Business Affairs

Relevant Roles

Production Company Owner

Executive Producer

Managing Partner

Creative Director

Business Development Manager

Legal Counsel

Finance Director

Operations Manager

Project Manager

Content Director

Studio Manager

Production Head

Partnership Compliance Officer

Business Affairs Manager

Chief Financial Officer

Chief Operating Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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