Partnership Agreement Form - Free Download
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AGREEMENT OF LIMITED PARTNERSHIP
This Agreement of Limited Partnership is entered into and effective as of the __th
day of __________, 199_ by and between _________________ the "General
Partner" and __________ the "Limited Partner".
FORMATION OF LIMITED PARTNERSHIP
1.01 PARTNERSHIP FORMATION AND PURPOSE. The parties hereto hereby
form a limited partnership (the "Partnership") pursuant to the Uniform Limited
Partnership Act (the "Act").
1.02 PURPOSE. The purpose of the Partnership is to enter into exclusive
recording, publishing, and songwriter agreements with musical talent, to record,
publish, manufacture, and distribute phonorecords to the public for profit . The
Partnership anticipates the recording, release, and promotion of at least 2 (two)
long playing albums per year. The Partnership anticipates the acquisition of the
copyrights for at least 50 (fifty) musical compositions per year. The Partnership
shall be the sole owner of the copyrights for all musical compositions acquired by
the Partnership. In addition, the exclusive services of
___________(Artist/optional)________ shall be rendered unto the Partnership
for the term of this Agreement. The Partnership shall hold sole possession of
these musical copyrights unless assigned or sold to another publishing concern.
The purpose of the Partnership is to acquire, produce, and market for profit,
master recordings of the artists and talent acquired by the Partnership.
1.03 NAME. The name of the Partnership shall be __________. The Partnership
shall do business under this and no other name.
1.04 ORGANIZATION CERTIFICATES. The parties shall cause to be executed
(a) Certificate of Limited Partnership in connection with Section 3(a)(1) of the Act;
(b) Certificates as required by the Assumed Name Act in each jurisdiction in which the
Partnership has a place of business; and
(c) All such other certificates, notices, statements, or other instruments required by law
for the formation and operation of a limited partnership.
1.05 AFFILIATIONS. The Partnership or its publishing arm shall be an affiliate of
both Broadcast Music Inc. (B.M.I.) and the American Society of Composers,
Authors, and Publishers (A.S.C.A.P.) for the purpose of collecting royalty
payments due it's artists and publishing concerns.
1.06 PRINCIPLE PLACE OF BUSINESS. The principle place of business of the
Partnership shall be
__(street)_________________,__(city,state)_______________, or such other
place as the General Partner may, from time to time, designate by notice to the
Limited Partner. The Partnership may maintain such other offices at such other
places as the General Partner may determine to be in the best interest of the