If you`re a filmmaker looking to sell your film to a distributor, having a film shopping agreement template can save you time and money. A film shopping agreement is a legal document that outlines the terms and conditions of a potential sale of your film to a distributor. It also protects both parties should any issues arise during the process.
Here are a few things to consider when creating a film shopping agreement:
1. Establish the basics. The agreement should include the names of both parties involved, the title of the film, and the agreed-upon price for the sale of the film.
2. Include distribution rights. The agreement should specify what type of distribution rights the distributor is purchasing, such as theatrical, digital, or DVD.
3. Outline distribution territories. The agreement should also specify the geographic territories in which the distributor has the right to distribute the film.
4. Include payment terms. This section should outline when and how the distributor will pay for the film, as well as any commission or fees that may be involved.
5. Include termination clauses. The agreement should include clauses that address what happens if either party wants to terminate the agreement early.
6. Address any potential legal issues. The agreement should include provisions that protect both parties in the event of legal disputes, such as indemnification and confidentiality clauses.
7. Make sure the agreement is clear and concise. A well-written agreement will ensure that both parties understand the terms and conditions of the sale.
Once you have your film shopping agreement template in place, it`s important to have it reviewed by a lawyer to ensure that it complies with all relevant laws and regulations. By having a clear and well-drafted agreement in place, you can protect your film and ensure a smooth sale to a distributor.