The Independent Filmmaker/Producer/Investor must have good Legal Advice. Without the advice to keep the paperwork in order the Independent Filmmaker/Producer/Investor’s Project may not get Exhibition. Without exhibition there will be no revenue.
Lawyers have a fiduciary duty to their clients. This means the lawyer should be putting the client’s interests first, ahead of what is convenient or profitable for the Lawyer. When hiring an entertainment Lawyer, it is advisable to retain someone who specializes in the field. A real estate Lawyer may think it exciting to dabble in entertainment law but he may not have the specialized knowledge that an experienced entertainment Lawyer possesses. Within the entertainment arena, some Lawyers do a lot of litigation while others may restrict their practice to deal making and drafting agreements.
Before retaining a Lawyer, you should carefully review the Retainer Agreement. The rate a Lawyer charges is often negotiable and many Lawyers charge a lesser rate to low-budget independent filmmakers. Communication can be by email.
This Agreement is drafted in plain English that is easy to read and comprehend. This is a four page, eighteen clause legal Agreement. The Agreement may be filled in on your computer or printed out and filled in later.
This Agreement is part of the Producer’s Deal, and the Investor’s Deal.