PARTNERSHIP AGREEMENT
This Partnership Agreement (hereinafter referred to as the “Agreement”) is made on
__________________20___ Between SAMUEL VERBISKY (referred to as the
Director/Lead Designer), ______________ (referred to as the Voice over artist),
____________ (referred to as the editor) and _______________ (referred to as the
scriptwriter). Together referred to as the “Parties/Partners”.
WHEREAS the parties agree to start a YouTube channel with the name: Ball Boy
Bob that will be posting a maximum of 15 videos per month with all partners
delivering their allotted task and have agreed to be legally bound by the following
terms; –
1. Term.
The partnership shall begin on the date signed by the parties below (hereinafter
referred to as the “Effective Date”) and continue for a period of one year with the
option to renew.
2. Revenue.
The parties herein agree that the revenue shall be split in the following ratio; –
30% – The Director/Lead Designer
20% – The voice-over artist
20% – The scriptwriter
Once the channel is monetized, all partners will be paid on the 1 st of each month.
3. Profit and Loss.
The partnership’s net profits shall be divided according to the ratios shared between
the partners, and the net losses shall be borne similarly.
4. Banking.
All partnership funds shall be deposited in its name in such checking accounts or
accounts designated by the partners. All withdrawals are to be made upon checks
signed by either partner.
5. Termination.
The partnership may be dissolved at any time in the event any party fails to deliver
their task within 14 days.
6. Intellectual Property.
The parties herein agree that the Company Verfam Media Inc. is owned by Samuel
Verbisky and does not form part of the partnership.
7. Dispute Resolution.
Any controversy or claim arising out of or relating to this Agreement, or the breach
thereof, shall be settled by arbitration in accordance with the rules and judgment
upon the award rendered may be entered in any court having jurisdiction thereof.
8. Governing Law.
This Agreement shall be construed, governed, interpreted, and applied according to
the Laws of Ontario, Canada.
Parties further agree that any significant legal decisions shall be subjected to a vote
amongst the partners.
9. Waiver.
The waiver by either party of the breach of any covenant or provision in this
Agreement shall not operate or be construed as a waiver of any subsequent breach
by either party.
10. Severability.
In the event a court of competent jurisdiction declares any term or provision of this
Agreement to be invalid or unenforceable for any reason, this Agreement will remain
in full force and effect and either:
a. The invalid or unenforceable provision(s) will be modified to the minimum
extent necessary to make such provision(s) valid and enforceable; or
b. If such a modification is not possible, this Agreement will be interpreted as if
such invalid or unenforceable provision(s) were not a part of this Agreement.
11. Amendment of Agreement.
This agreement cannot be amended without the written consent of all partners.
IN WITNESS WHEREOF, the partners hereunto set their signatures and
acknowledged this Agreement as the date first above written.
Signed by Samuel Verbisky; –
Signature:
Signed by _________________; –
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
Signed by
_______________________; –
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
__________________________
Date:
_______________________________
Email Address:
_____________________
Signed by
_______________________;-
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
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