The Co-Production Agreement is essential when multiple parties wish to combine resources, expertise, and funding to create audiovisual content. This document, governed by English and Welsh law, outlines each party's contributions, rights, and obligations throughout the production process. It's particularly important for accessing international markets, tax incentives, and public funding schemes. The agreement typically includes detailed provisions on budget management, creative control, profit sharing, and intellectual property rights, ensuring clear accountability and risk management throughout the production lifecycle.
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1. Parties: Identification and details of the co-production partners
2. Background: Context of the agreement and production project
3. Definitions: Key terms used throughout the agreement
4. Contributions: Financial, creative, and resource contributions of each party
5. Rights and Ownership: IP rights, ownership splits, and exploitation rights
6. Production Control: Decision-making process and creative control
7. Financial Terms: Budget, cost sharing, and revenue distribution
8. Term and Termination: Duration of the agreement and termination provisions
9. Confidentiality: Protection of confidential information
10. General Provisions: Standard boilerplate clauses including governing law and jurisdiction
1. International Distribution: Terms for international distribution rights when the production is intended for international markets
2. Tax Credits: Handling of production tax credits and incentives when claiming UK Film Tax Relief or international incentives
3. Cast and Crew Requirements: Specific requirements for personnel when specific talent attachments are crucial
4. Insurance: Specific insurance requirements and obligations when additional coverage is needed
5. Force Majeure: Provisions for unforeseen circumstances that may affect production
1. Schedule 1 - Budget: Detailed production budget breakdown
2. Schedule 2 - Production Schedule: Timeline and key milestones
3. Schedule 3 - Chain of Title: Documentation of rights ownership
4. Schedule 4 - Key Personnel: List of essential cast and crew members
5. Schedule 5 - Distribution Territories: Breakdown of territorial rights
6. Schedule 6 - Delivery Requirements: Technical specifications and delivery materials
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