We present photometric and spectroscopic data analysis and orbital period study of an early-type interacting binary system V382 Cyg by using all the available data. We made a simultaneous light and radial velocity curve solution. The derived physical parameters of the primary and secondary stellar components are M1 = 27.9(5) M⊙, M2 = 20.8(4) M⊙, R1 = 9.7(2) R⊙, R2 = 8.5(2) R⊙, log(L1/L⊙)=5.152(20) and log(L2/L⊙)=4.954(19) while the separation of the components is {\it a} = 23.4 R⊙. Newly obtained parameters yield the distance of the system as 1466(76) pc. Analyses of the mid-eclipse times indicate a period increase of dtdP=4.2(1)×10−7 days/yr that can be interpreted in terms of the high mass transfer (dtdM=6.1(5)×10−6M⊙/yr) from the less massive component to the more massive component. Finally we modelled the evolution of the components using nonconservative codes and discussed the obtained results. The age of the binary system is estimated as 3.85 Myr.