PODCAST AGREEMENT
This Podcast Agreement (hereinafter referred to as the “Agreement”) is made on
__________________20___ Between ___________________ (hereinafter the
“Party A”); __________________ and _______________ (hereinafter referred to as
the “Partner B and Party B” respectively). Together referred to as the “Parties”.
1. Location.
The Podcast Company is hereby located in the state of Missouri, Saint Louis.
2. Ownership.
The podcast will be owned by three partners in the ratio 50:25:25 outlined as follows;
–
50% ownership by _____________
25% ownership by _____________
25% ownership by ______________
Each party will be responsible for contributing to the podcast and its success.
3. Profit and Loss.
The podcast’s net profits shall be divided according to the ratios shared between the
partners, and the net losses shall be borne similarly.
The partners agree that everything will be split including merchandise, sponsorship,
social media monetization, etc.
4. Salaries.
Parties agree that each owner is allowed to change salary as long as the others are
ok with it and should be in the ratio of 50:25:25.
5. Banking.
All podcast 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.
6. Termination.
The podcast may be dissolved at any time by agreement of the partners, in which
the partners shall proceed with reasonable promptness to liquidate the partnership’s
business.
7. Death.
Upon the death of either partner or in the event of a dissolution of the company, the
surviving partners shall have the right to purchase the deceased’s interest in the
partnership, terminate or liquidate the partnership business, or buy out the other
partners in the business.
8. 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, then obtaining the
American Arbitration Association, and judgment upon the award rendered may be
entered in any court having jurisdiction thereof.
9. Governing Law.
This Agreement shall be construed, governed, interpreted, and applied according to
the Laws of the State of Missouri.
Parties further agree that any significant legal decisions shall be subjected to a vote
amongst the partners.
10. 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.
11. 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, it will be severed from this
agreement and the remaining terms of this Agreement will remain in full force and
effect.
12. 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 ________________; –
Signature:
__________________________
Signed by _________________; –
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
Signed by ________________; –
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
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