Products tagged with 'film industry contract'

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.