Everything You Need to Know about Video Production Agreement
By Kaan Back
Why Do You Need a Video Production Contract Agreement?
A video production agreement is one between a corporate client and a production company for the provision of a specific video program. This can be anything from a corporate training video to a TV show or advertisement and more. Without an agreement and cinematography lawyers support, things could get very messy if either party is unsure of their obligations to the other. A good contract ensures that all are working on the same page.
What Should Be Included in a Video Production Agreement?
Creating a TV production contract or video agreement can be a difficult and time-consuming task. It will also depend on the size of the undertaking and how complex it may be. There are many variables involved in shooting a piece of video and it can require a significant amount of pre- and post-production work. You will want to ensure that every aspect of the production is covered by your TV production agreement. Typically your video production agreement will cover these areas:
A statement of work:
This is unique to each project and will contain the specific details of the work being undertaken. Usually, it will cover areas such as:
- Where the shooting will take place
- Who will be involved
- How many days of work
- The type of media that will be delivered
- The equipment required
- When the final product will be delivered
This will usually detail all of the details that are common to almost all projects:
- Who will own the rights to any materials
- When and how payments are to be made
- What happens in the event of a failure on the part of either party
- Who is responsible for any delays and how they are reimbursed
- What happens if the contract is terminated early
What Are the Potential Cons of Signing a Video Production Agreement?
Contracts come in all shapes and sizes and signing anything without fully understanding what it means to your business can be risky. Often you may be agreeing to something that may not be in the best interest of your company. It is vital that you carefully review any contract under the guidance of a Miami entertainment lawyer before signing and negotiate or change anything that you are unable to agree with. Typical issues are:
- Payment terms that are too lengthy; small video companies are not likely to want to wait 90 days after completion for a large corporate client to make payment.
- All liabilities placed firmly at the feet of the production