"Generic Deal Memo Template"

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Generic Deal Memo
This memo outlines terms of the agreement between
___________________________ and _______________________
(hereinafter “Producer”) related to the production of
___________________________ (hereinafter “Motion Picture.”)
1. Services:
___________________________ agrees to perform the services
outlined in Appendix A.
2. Compensation:
Subject to the rest of the terms of this agreement, and upon
satisfactory completion of the services outlined in Appendix A,
Producer agrees to compensate ___________________________ at the
rate and time designated in Appendix B.
3. Employment Status:
[Choose one]
[Independent Contractor:
The parties agree that
___________________________ is an independent contractor, who is
not required to work exclusively for Producer now or in the
future, and who, as a professional, is expected to complete the
assignment without supervision or training.
No fringe benefits or
overtime compensation will be provided and the contractor is
solely responsible for all income, self-employment and other taxes
due upon this income
in conjunction with the services
received
rendered under this agreement. The contractor is not entitled to
collect unemployment compensation under this agreement.]
[Employee: The parties agree that ___________________________ is
an employee of Producer for duration of the time designated in
Appendix A for the compensation designated in Appendix B.
Producer will be responsible for deducting from the compensation
of ___________________________ and paying to the appropriate
government agency, all income tax, social security tax, medicare
tax, and workers compensation insurance required by law in
conjunction with the services rendered under this agreement.]
[Contract Employee:
___________________________ is an employee of
___________________________ agency on contract with to Producer to
perform the services outlined in Appendix A.
This agreement is
further subject to the terms and condition of the attached
contract between Producer and that agency.]
Generic Deal Memo
This memo outlines terms of the agreement between
___________________________ and _______________________
(hereinafter “Producer”) related to the production of
___________________________ (hereinafter “Motion Picture.”)
1. Services:
___________________________ agrees to perform the services
outlined in Appendix A.
2. Compensation:
Subject to the rest of the terms of this agreement, and upon
satisfactory completion of the services outlined in Appendix A,
Producer agrees to compensate ___________________________ at the
rate and time designated in Appendix B.
3. Employment Status:
[Choose one]
[Independent Contractor:
The parties agree that
___________________________ is an independent contractor, who is
not required to work exclusively for Producer now or in the
future, and who, as a professional, is expected to complete the
assignment without supervision or training.
No fringe benefits or
overtime compensation will be provided and the contractor is
solely responsible for all income, self-employment and other taxes
due upon this income
in conjunction with the services
received
rendered under this agreement. The contractor is not entitled to
collect unemployment compensation under this agreement.]
[Employee: The parties agree that ___________________________ is
an employee of Producer for duration of the time designated in
Appendix A for the compensation designated in Appendix B.
Producer will be responsible for deducting from the compensation
of ___________________________ and paying to the appropriate
government agency, all income tax, social security tax, medicare
tax, and workers compensation insurance required by law in
conjunction with the services rendered under this agreement.]
[Contract Employee:
___________________________ is an employee of
___________________________ agency on contract with to Producer to
perform the services outlined in Appendix A.
This agreement is
further subject to the terms and condition of the attached
contract between Producer and that agency.]
4. Assignment of Rights
[___________________________ assigns to producer all rights
necessary for the development, production and exploitation of the
Motion Picture, whether denominated copyrights, performance
rights, or publicity rights, including the right to reasonable use
of his/her name and likeness in conjunction with the development,
production and exploitation of the Motion Picture, and waives any
right to sue Producer over such use.]
[___________________________ warrants to Producer that all writing
submitted for the Motion Picture is his own original work.
The
parties agree the script and all revisions of the script of the
film are "works made for hire" as defined under article 101 of
Title 17 of the U.S. Code.
If for any reason the script should be
determined to not be a "work made for hire," _____________________
assigns all rights he may have to the work under U.S. and
International copyright law to Producer.
5. Credits:
Producer agrees to provide the following credits: _____________
_________________________________________________________________.
_____________________________________
______________________
Date
__________________________________
Social Security Number
_________________________________________________________________
Address
_____________________________________
______________________
Producer
Date
Appendix A:
[Describe the services to be performed in plain English including
dates and times required to be available and any equipment to be
provided.]
[Examples:
actor playing (role); dates; times (or "as needed");
related responsibilities. Writer; responsibilities including
revisions/turn around times between dates; Stunts/effects...]
Appendix B:
Describe Compensation Rate
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