Definition of Gross and Net Receipts (Film Distribution)
This 2-page Definition of Gross and Net Receipts defines what each of the terms in a film distribution agreement means, and should be attached to the agreement as a schedule.
- The attachment can be appended to any film industry contract which requires a definition of receipts, expenses and profits.
- The schedule defines the different forms of receipts (theatrical, non-theatrical, outright sales, television, video, auxiliary receipts, miscellaneous receipts), as well as a definition of excluded income.
- The attachment is fully editable and can be customized for your circumstances.
Download the Definition of Gross and Net Receipts template for your film contract library.
Film Distribution Schedule - Definition of Gross Receipts After Breakeven
This Definition of Gross Receipts After Breakeven is a schedule that can be attached to a film distribution agreement.
- The schedule clarifies how breakeven points, receipts, distribution fees and expenses, film rentals, and other revenues and costs will be treated and applied.
- Gross receipts include theatrical and non-theatrical exhibition, home entertainment (including digital downloads), television (including streaming), remakes, sequels, prequels and derivative works.
- The schedule contains a comprehensive list of deductible and non-deductible distribution expenses
- Foreign receipts are not included in gross receipts until the sums have been received in US dollars or used by the studio for production or acquisition of films or property which can be legally exported from the country of origin.
- The Definition of Gross Receipts After Breakeven template is a downloadable and customizable schedule you can use with your film distribution agreements.
Definition of Net Profits (Film Distribution)
This is a 5-page schedule that defines and clarifies what constitutes net profits, receipts, and expenses in a film distribution agreement.
This schedule can be attached to any film industry contract in which fees, royalties and other payments are calculated based on income derived from:- license fees,
- residuals,
- distribution fees,
- theatrical and/or non-theatrical receipts,
- television and video receipts,
- other income from the film except for excluded items and net of any distribution expenses, taxes, and other costs.
The Definition of Net Profits template is provided in MS Word format, and can be customized for your film distribution contract.
Film Distributor Assumption Agreement for Residuals
Make sure your film distributors sign this Distributor Assumption Agreement to comply with SAG requirements for payment of residuals.
This agreement is designed to guarantee that Screen Actors Guild (SAG) members receive the residuals they are owed for their participation in your film. To comply with SAG requirements, it is essential that your film distributors sign the Distributor Assumption Agreement.
Purpose of Agreement
SAG mandates that all movie producers obtain signed assumption agreements from their distributors. By signing, the distributor agrees to pay residual payments directly to SAG, rather than to the producer. This process ensures transparency and that SAG members are compensated appropriately and in a timely manner.
Key Provisions of the Agreement
- Payment Terms: The agreement specifies how and when residuals are to be paid to SAG.
- Reporting Requirements: Distributors must submit regular reports detailing residual payments and the associated revenues.
- Audit Rights: SAG retains the right to inspect the distributor’s accounting records to verify revenues earned by the film and the residuals paid.
Applicability
It is important to note that both union and non-union filmmakers must adhere to SAG's residual payment requirements. Compliance is mandatory regardless of the filmmaker's union status.
Obtaining the Agreement
The customizable MS Word template will download automatically to your device immediately after your purchase transaction is completed. Buy once, use it for all your film projects.
Film Distribution Security Agreement
Film producers, secure payment of the amounts owed to you by the distributors of your motion picture with this Film Distribution Security Agreement.
- The distributor grants the producer a continuing security interest in the debtor's distribution and exploitation rights in the picture, and the proceeds realized from those rights.
- The producer may exercise its security interest if the distributor fails to pay any amount owing under the Motion Picture Theatrical Distribution Agreement between the parties.
- This is a totally editable legal form template, so you can customize it for your specific needs.