A Film Completion Guaranty must be provided by the producer and guarantor as part of the financing process for most independent motion pictures. Use this downloadable template to prepare the document you need.
- The guarantor is guaranteeing completion and delivery of the film to the lender (financier).
- If the producer fails to complete and deliver the film in accordance with the terms, the guarantor will take over production.
- The guarantor is under no obligation under the Guaranty until the strike price (production financing) has been advanced.
- The guarantor is not responsible for obtaining any rating for the film, or to deliver any materials other than the delivery materials, or for the quality of the film itself.
- If the guarantor fails to complete and deliver the film, it will repay the financier in full for all sums advanced.
- The guarantor subordinates any claims it may have against the producer to the repayment of the financier and all of the financier's rights and security interests.
- The template includes a Notice Cure and Arbitration Agreement.
- Before you can get your funding, make sure your paperwork is in order, including this Film Completion Guaranty.
Last Updated: 18-August-2021