Deferred Compensation Agreement for Film Production
If you're a struggling filmmaker trying to make your movie on a shoestring budget, try the deferred compensation approach.
- This Deferred Compensation Agreement is between the producer, investors and other stakeholders in the motion picture.
- The Agreement outlines the cast, crew, budget, and production schedule of the film.
- The Agreement breaks down how revenues received by the producer from the film will be applied: first, to payment of outstanding payables, secondly to repaying the investors, and then to the other principal stakeholders.
A Deferred Compensation Agreement allows you to reduce your upfront costs during production of the film by deferring payment until the film is generating revenues.