Film Project Joint Venture Dissolution Agreement

Dissolve and terminate a joint venture which was set up to develop and produce a motion picture with this template Film Project Joint Venture Dissolution Agreement.

The property of the joint venture will be liquidated and the proceeds applied to payment of outstanding debts and expenses, and the balance allocated among the co-venturers in accordance with a predetermined formula based on their capital contributions to the film production.
Copyright in the screenplay and the motion picture produced by the joint venture will be held and owned jointly by the co-venturers.
All revenues received from the picture, including merchandising and spin-off rights, will be shared equally by the co-venturers.
If a co-venturer wishes to sell its copyright interest, the other co-venturer will have a first right of refusal to acquire the interest.
If a co-venturer wishes to use the screenplay in connection with another venture, the other co-venturer will be given an opportunity to participate.

This Film Project Joint Venture Dissolution Agreement template is available as a fully editable MS Word document.