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1. Parties: Identification of all parties entering into the joint venture agreement
2. Background: Context of the agreement and brief description of each party's business and expertise
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Formation of Joint Venture: Legal structure, name, and purpose of the joint venture
5. Contributions: Details of initial and ongoing contributions from each party (capital, assets, IP, expertise)
6. Ownership and Profit Sharing: Ownership structure and profit distribution mechanisms
7. Management and Control: Decision-making processes, voting rights, and management structure
8. Intellectual Property Rights: Ownership and licensing of music rights, recordings, and related IP
9. Operations: Day-to-day operational procedures and responsibilities
10. Financial Management: Banking, accounting, and financial reporting requirements
11. Term and Termination: Duration of the venture and circumstances for termination
12. Confidentiality: Protection of confidential information and trade secrets
13. Non-Competition: Restrictions on competing activities
14. Dispute Resolution: Procedures for resolving disputes between parties
15. General Provisions: Standard legal clauses including governing law, notices, and amendments
1. Recording Studio Operations: Include when the joint venture involves operating a recording studio
2. Live Performance and Touring: Include when the venture involves organizing tours or live performances
3. Digital Distribution: Include when focusing on digital platforms and streaming services
4. Merchandising Rights: Include when the venture involves merchandise production and sales
5. Artist Development: Include when the venture includes discovering and developing new artists
6. Publishing Rights: Include when the venture involves music publishing activities
7. International Operations: Include when the venture operates across multiple jurisdictions
8. Equipment and Asset Management: Include when significant shared equipment or assets are involved
9. Staff and Personnel: Include when the venture will have employees or contractors
10. Marketing and Promotion: Include when specific marketing responsibilities need to be defined
1. Schedule A - Initial Contributions: Detailed list of each party's initial contributions (monetary and non-monetary)
2. Schedule B - Business Plan: Detailed business plan including projections and strategies
3. Schedule C - IP Schedule: Complete list of intellectual property owned or licensed by the venture
4. Schedule D - Management Structure: Detailed organizational chart and management responsibilities
5. Schedule E - Revenue Sharing Formula: Detailed calculations for profit sharing and distribution
6. Schedule F - Operating Procedures: Specific operational protocols and procedures
7. Schedule G - Equipment and Assets: Inventory of joint venture equipment and assets
8. Schedule H - Territory Definition: Geographic scope of operations and territorial rights
9. Appendix 1 - Sample Calculations: Examples of profit sharing and revenue calculations
10. Appendix 2 - Required Licenses: List of required licenses and permits for operations
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