Sometimes an Investor in a Project wants to contract with another company to provide most or all of the production services necessary to produce a Project. By contracting with another company, the Investor may be seeking to protect herself/himself from any liability arising from the production. Since the production services company is usually a separate legal entity, the Investor should not be liable if, for instance, a cast or crew member is hurt on the set. After the Project has been produced, the Agreement often provides that all Rights to the Project are assigned back to the Investor. The service company is only entitled to be reimbursed for the cost of production.
While the Investor may want to insulate herself/himself from liability, the Investor may well want to maintain tight fiscal and creative control over the Project. It is not unusual for the Investor to insist that she/he must approve the budget, cash flow schedule and all major creative decisions. Contractually, the Investor may have “Takeover Rights” which permit her/him taking over production of the Project under certain conditions. In this case, the service company is being used to insulate the Investor from liability.
This Contract is drafted in plain English that is easy to read and comprehend. This is a eleven page, sixteen clause legal Agreement. The Contract may be filled in on your computer or printed out and filled in later.
We regularly receive feedback that we have successfully drafted our filmmaker contracts to be as complete as possible for all legal situations. However, should you experience a unique personal situation requiring the drafting of a special clause, please contact us at your convenience. Otherwise, you may be obliged to find a local entertainment lawyer experienced in the film making industry who will draft any and all other clauses for your Project’s unique situation or circumstance.
This Contract is part of the Investor’s Deal.