Legal Question in Entertainment Law in California

future profits only

I am starting a video production company.

I want to hire actors with no pay, but give them a percentage of revenues (or less likely, of profit) that may come from specific projects. This would also forfeit any other claim in the future on what has been produced, reproduction of images, etc.Is there a template that fits these simple characteristics?

Exampes of similar ideas:

Modelling: pay is up front, then all rights are released on the images/profits in the future.

Television where more than one party partners to create a specific TV project

These are close, but not quite for me.

Thanks


Asked on 2/13/06, 5:06 pm

1 Answer from Attorneys
Richard Jefferson M.E.T.A.L. LAW GROUP, LLP

Re: future profits only

Your format is not too complicated but the agreement would have to be comprehensive legally. I suggest that you have a lawyer create a form for you. We do this for many of our indie film projects. Whether or not you use our firm, pay the money to get a comprehensive form. I see too many agreements from the internet that have loopholes in them and it will cost you dearly in the end!

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Answered on 2/13/06, 6:15 pm


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