Post-production refers to the time of film production when filming is completed and the film is edited, which requires the help of editors and composers. Common agreements required during this period include publisher agreements and composer agreements. Like actors, publishers and composers may belong to a guild or union, which can affect the nature and complexity of their chords. However, agreements usually include the duration of employment, the employment rate and should also determine who will own the finished product. Publishers are usually hired on a „work for hire” basis, which allows the producer to retain ownership of the edited product. Often, the remuneration is divided according to the number of times the film has to be edited or the number of compositions that need to be written by the composer. It`s not uncommon for a film to use multiple cutters at once, and so it`s important to split the deal in this way to ensure the producer can continue to hire more cutters if needed. If you take the confusing path, although you find that film production service contracts are the most common name for the contract, the specific terms of the contract vary. For example, a director`s employment contract would include remuneration for development and production, depending on when the director was hired. The deal could also include a provision to share some of the profits if the film performs well at the box office. In addition, it is not uncommon for the crew above the line to receive a daily scholarship or a daily allowance to cover their expenses during the set.

The agreement also usually includes provisions on how the crew is credited in a movie above the line, which can sometimes be very controversial. Such an agreement could also give directors the right to hire other crew members and decide on the casting. A director may want to have control over the editing and final editing of the film, and the extent of this control should also be recorded in the director`s employment contract. Finally, an agreement with a director could include a „right of first refusal” provision that gives the director the right to decide whether to make prequels or sequels to the film before producers can hire another director. Like screenwriters, many experienced directors are members of the DGA. Their agreements would be subject to the rules of the DGA and their basic agreement. Pre-production refers to the period of a film before production and shooting begins, during which those responsible for ordering the film complete the rights and script, receive funding, bring the cast and crew together, and prepare for production. The first stages of pre-production are often referred to as „development”. The development phase can take many years as the rights are acquired and the actors and the team are slowly assembled. The agreements that are often required during this period are those for the purchase of rights, the development of the script and the hiring of authors to complete the script. Rights purchase agreements, option agreements, „work for rent” agreements or cooperation and co-production agreements are among the many types of contracts needed to attract talented people to develop a production scenario. Under the Securities Act of 1933, any offer to sell securities must be registered with the SEC or serve as an exemption.

Regulation D („Reg D”) contains three rules that provide exceptions to registration requirements and allow certain companies to offer and sell their securities without having to register with the SEC. More information on these exceptions is available in the publications on Rules 504, 505 and 506 of Regulation D. For more information on film financing and securities issues, see Jon Garon`s book The Independent Filmmaker`s Law and Business Guide: Financing, Shooting and Distributing Independent and Digital Films or contact a securities lawyer in your jurisdiction. Our firm works with several excellent securities advisors when you need a suggestion or recommendation. Finally, and perhaps most importantly, are terms related to the summary or „liquidation” of the business. As mentioned earlier, many producers do not want to discuss the closure of a business at the time of its creation because they consider it bad luck. However, it is very important to address these issues before real problems arise so that producers know what to do in the event of dissolution. The enterprise contract may also provide for a mandatory repurchase of the investor`s ownership shares at a specific time in the future. Often this is triggered by the fact that the production company has no funding for a while. An option contract is a contractual arrangement in which a producer acquires the right to purchase a script from an author or other owner. Unlike the rights purchase agreement, which is a lump sum purchase of a property, an option contract is not really the purchase of the right to use the script. Instead, the producer acquires the „exclusive right to purchase” the script at a later date, such as when the producer obtains the financing.

Option agreements are typically used to „put a property on hold,” giving the producer more time to do more research and explore other ways related to making the film. Options tend to be cheaper than rights purchase agreements, as writers are often happy to get a few thousand dollars for their work. The financier may also want to have the written right to take over the production. The film production service contract may include revival rights due to certain issues, such as: Remember that a film production contract is a signed agreement that you enter into between them and the film production company. Literary assignment – If you have hired someone to write your script or if you purchase a script that is already complete, registered and protected by copyright, you will need a literary purchase or assignment agreement (also known as a rights assignment or script purchase agreement). This agreement gives the producer, production company or studio the right to screen or produce a film based on the script. .