This Joint Venture Agreement is between two individuals to develop and produce projects for film and/or television. Since they jointly manage the enterprise they are general partners.
A joint venture is a type of partnership. You should choose your partners carefully as you may be liable for their acts that are within the scope of the partnership.
General partnerships should be distinguished from limited partnerships. In a general partnership the parties share control over the enterprise. In a limited partnership, one or more limited partners (i.e., investors) provide financing but do not exercise control over the management of the enterprise. Limited partners have limited liability as well.
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This Joint Venture Agreement (Film/TV) also includes:
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