2. The co-producers ensure that the facilities, equipment and personnel needed to carry out the project are available within the budget attached to Article A. There is nothing in this agreement that requires the co-producers to produce the project. Finally, and perhaps most importantly, the conditions for resolution or “liquidation” of the transaction are. As has already been said, many manufacturers do not want to discuss deterrence at the time of its creation because they consider it to be a pity. However, it is very important to address these issues before problems actually occur, so that producers know what to do in the event of dissolution. The operating contract may also provide for a compulsory repurchase of the investor`s interests at a later date in the future. Often this is triggered by the fact that the production company does not have funding for a certain period of time. There are different models and an understanding co-production – here are 5 common (and an unusual) that we will go further down. In most cases, there is only one producer who assumes all the responsibilities (artistic, financial, legal, etc.) with a number of co-producers who support or facilitate certain aspects of the production process. Don`t give up your original base because you focus on international work. The most successful companies have a strong connection to their national platform and receive support for local creation – because they prioritize that base for their work. As a general rule, only 30-50% of co-financing is provided for on co-producing resources.
An enterprise agreement is required not only for the creation of an LLC, but also to deal with certain issues in writing before the problems arise in reality. If the enterprise agreement contains guidelines on what the parties involved should do throughout the production of a film, it would eliminate stress and chaos, understand what to do if problems actually happen – and they almost always do. In both cases, we are talking about very complex cooperation, where legal issues and communication on agreements require a high level of expertise. However, these agreements may and often are limited to some rights and may exclude others. The rights of the writer generally depend on the negotiating power of the writer and the wishes of those who buy the property. Rights purchase agreements are the largest form of purchase of real estate by a writer or other owner. They can be used to buy everything from a movie script to a new one, and can be adapted to a variety of lenses. Agreements with the occupation vary depending on the type of occupation. For example, an actor from SAG (Screen Actor`s Guild) has a different contract than a non-SAG player, because the requirements for these two players may be different because of the rules and regulations imposed by the guild. Also, if you want to hire miners or extras, you may need a different deal for each group.