The Photography Partnership Agreement serves as a foundational document for photographers seeking to formalize their business relationship under English and Welsh law. This agreement is essential when two or more photography professionals decide to combine their expertise, resources, and client bases to create a unified business entity. It addresses crucial aspects such as copyright ownership, equipment sharing, profit distribution, and operational responsibilities while ensuring compliance with relevant legislation including the Partnership Act 1890 and Copyright, Designs and Patents Act 1988. The document provides clarity and protection for all partners while establishing a framework for successful business operations.
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1. Parties: Identifies all partners and their contact details
2. Background: Explains context and purpose of partnership
3. Definitions: Defines key terms used throughout agreement
4. Partnership Structure: Details ownership percentages and capital contributions
5. Profit and Loss Sharing: Specifies how profits and losses will be distributed
6. Management and Decision Making: Outlines management structure and voting rights
7. Intellectual Property Rights: Addresses ownership and usage of photographs and other IP
8. Termination: Details circumstances and process for ending partnership
1. Non-Compete Clause: Restricts partners from competing activities when partners want to protect business interests post-partnership
2. Equipment Usage: Rules for shared equipment and resources when partners share significant photography equipment
3. Client Management: Procedures for client allocation and management when partners serve separate client bases
4. Insurance Requirements: Specifies required insurance coverage when specific insurance needs exist
1. Schedule 1: Capital Contributions: Detailed list of initial capital contributions by each partner
2. Schedule 2: Equipment Inventory: List of shared photography equipment and ownership details
3. Schedule 3: Client List: Existing client relationships and their allocation
4. Schedule 4: Business Plan: Initial business plan and growth strategy
5. Appendix A: Photography Style Guide: Standards for photography work and branding
Relevant legal definitions
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