Production Company Partnership Agreement Template for India

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

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