![]() Reach out to us if you ever have any questions. Wrapbook acts as your employer of record, manages relationships with unions to help keep you compliant, tracks expenses, timecards, and quite a bit more. ![]() If payroll isn’t managed properly or residuals go unpaid, unions may attempt to collect money from the easiest prey. Whomever with your project handles payroll will be key here. The schedule spells out the payments to the production company. This specifies the cash flow schedule to fund the production. In some cases to encourage staying on budget, the production company may be allowed to retain some or all funds left-over once production wraps. BUDGET ADHERENCEĪlong with specifying the budget, the film production services agreement may also state the production company is responsible for any over-budget expenses or overruns - as long as they are not due to approvals being withheld or late changes requested by the investor. Within film production services agreements, the production company also typically will require the investor to compensate them for any loss due to any claims that could occur around underlying rights and screenplay.Įxplore production insurance programs offered through Wrapbook. The financier will require the production company to possess insurance and name the financier as covered by the policy in case any claims or losses come due to the production company’s mistakes. When the dispute came to court, Los Angeles Superior Court Judge John Zebrowski exclaimed from the bench “Aren’t you people ever going to come in front of me with a signed contract?” INSURANCE sued comedian Rodney Dangerfield arguing he breached an oral contract to appear in Caddyshack II. If you don't have an ironclad film production agreement, you could end up like the producers of Caddyshack. For example, if a production company doesn’t get executed contracts from a cast or crew member. The production company and personnel will get specific credit(s) for the project as long as they perform as expected.Īll sorts of problems can happen here when this isn’t addressed in the film production services agreement. Post-delivery of the film, the contract stipulates the production company will transfer the rights back to the investor. When a financier controls the rights to a screenplay to produce a film, they will usually transfer the rights to the production company to complete the project in a film production agreement. End of principal photography and beginning of post-production. ![]() In other words, the contract attaches the schedule on a fresh page covering milestones like: More often than not in a film production services agreement, the delivery schedule is an exhibit. The schedule will define the timeline for deadlines of various aspects of the project. A film production services agreement states when, where, and in what form the deliverables shall be completed, along with any must follow technical, commercial, and other standards. The agreement will indicate the script or other material to be produced, and likely includes a thorough statement of work listing all of the specific services to be provided, often designating the specific person(s) who will complete them. What does a production services agreement include?Īny deal will specify the people and projects involved in the agreement other specific terms of film production service agreements vary but may include… SERVICES PROVIDED To keep the legal mumbo jumbo to a minimum, film production agreements are needed to avoid risk and misaligned expectations occurring at any stage of your production.You have a greenlit concept for an animated project, but need technical expertise and experience to produce it.This agency then needs to partner with a union production company. However, the agency hired isn’t affiliated with SAG-AFTRA. A client wants a project to use a famous actor and/or union workers for a commercial.You own or control the rights to a screenplay and have financing in place, but don’t have the resources to manage payroll, accounting, casting, hiring personnel, and other operational aspects of production and don’t want to share ownership or control of the project. ![]() If any of these scenarios apply, you need an agreement in place before any principal photography begins: When should you use a production services agreement? Store a TV or film contract template in the software (Wrapbook or any other of your choice) to ensure you have it ready for next time. As you move through your career, you'll likely need to craft more than one production agreement with your lawyer. Watch our pre-recorded demo to learn how. If you need to disseminate your production agreement to others on your team, whether for last looks or when the final document is complete, just send it with one click. A general production services agreement definition is just a contract between a production company and the studio and/or financier.
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