Co-Production Agreement (TV Series)

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This Co-Production Agreement for a TV Series confirms the agreement between two parties who will co-produce a television series. This agreement sets forth the specific arrangement between the parties including who will obtain financing for the TV series. This form is for use in your state and is available for immediate download.

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This Co-Production Agreement confirms the understanding between two parties who will co-produce a television series. This agreement sets forth the efforts by one party to obtain financing and the other party who will perform consultant and administrative services. The agreement further sets forth the screen credit given each producer, who will hold ownership in any copyrights and available remedies in the event of a breach of this agreement. A written Co-Production Agreement for a TV Series will prove invaluable in the event there are disagreements or misunderstandings between the individuals.

This Co-Production Agreement for a TV Series contains the following provisions:
  • Parties: The names of each co-producer and the tentative title of the series;
  • Financing: The identity of the co-producer who will obtain the financing and exercise exclusive control over the disbursement of monies;
  • Consulting/Administrative Services: The identity of the co-producer who will provide administrative services, including the procurement of historical data and the recruitment of sponsors;
  • Compensation: The compensation paid to each co-producer, including the percent of net profits derived from the TV series;
  • Signatures: Both co-producers must sign and date the agreement.

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  2. Co-Production Agreement (TV Series)
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CO-PRODUCTION AGREEMENT
(TV Series)
 
 
This letter confirms the understanding between _________________ (“_________________”), residing at _________________, and _________________ (“_________________”) whose office is at _________________, with respect to co-production of a television in a series about _________________ tentatively titled _________________ (The “Series”). The pilot program is tentatively titled _________________.
 
1. FINANCING: _________________ will use its best efforts to obtain financing for the production financing for the Series and shall exercise sole and exclusive control over the disbursement of monies for all production, marketing and distribution expenses. _________________ shall arrange for the facilities, equipment and personnel needed for the production of the Series, within the limits of the budget as set forth in Exhibit A, attached hereto. Nothing in this agreement shall obligate _________________ to produce the Series.
 
2. SERVICES PROVIDED: _________________ shall provide consultative and administrative services and shall serve as liaison with artists, museums and galleries and enlist their support and participation in the Series. _________________ shall:
 
   a) Procure historical data, photographs, audiotapes and literature from artists and organizations participating in the Series,
 
   b) Procure a signed depiction and location release at no expense to _________________ on forms supplied by _________________ for each museum and any persons appearing in the Series.
 
   c) Use his best efforts to arrange for the sale of the broadcast, cable, home video and ancillary rights to the Series in the United States and foreign territories, and
 
   d) Use his best efforts to recruit advertising sponsors for the Series.
 
3. COMPENSATION: As full and complete consideration for his services, _________________ shall be entitled to receive 25 percent of all net profits derived from the episodes he serves as co-producer of and in which he performs that function. Net profits shall be that amount of revenue remaining after all production, marketing and distribution expenses (and a reasonable reserve) have been recouped and accounted for in accordance with industry custom and practice.
 
At _________________s option, he may invest any amounts due him under this agreement for the production of future episodes of the Series. In the event he does contribute such amounts, he will be entitled to a greater share of net profits from the episodes he contributes financing to in accordance with the following formula:
 
For every one percent of the entire budget _________________ contributes, he shall be entitled to one-quarter percent increment in his share of net profits, but in no event shall _________________s share of profits exceed a total of 40%.
 
By way of example, if _________________ contributes $4,000 to the production of a future episode produced on a budget of $10,000, then _________________ would have contributed 40% of the entire budget and would be entitled to an additional 10% of net profits as well as his customary 25% of net profits for a total of 35% of net profits.
 
In calculating _________________s share according to the abovementioned formula, contributions shall be rounded to the nearest percentile.
 
Profits shall be payable annually.
 
4. CREDIT: For each episode which _________________ co-produces, on a single card following the introduction of the episode, the credit shall read: “Produced by _________________ .” For each episode that _________________ co-produces the end credits shall read (on a single card): “Additional Direction by _________________.
 
5. COPYRIGHT: _________________ shall be the sole copyright holder of the Series. _________________s contribution shall be considered a work-for-hire for all services performed for the Series.
 
6. ACCOUNTING: _________________ shall have the right to inspect and copy the books and records maintained by _________________ at all times upon reasonable notice. At _________________s request, _________________ shall retain a Certified Public Accountant to prepare an annual financial report for all expenditures and revenues from the Series. _________________ shall provide _________________ with quarterly accounting statements from the time the Series begins to produce revenue.
 
7. ASSIGNMENT: Neither party may assign their rights and obligations pursuant to this Agreement without the prior written consent of the other.
 
8. AGENCY: The parties are entering into this Agreement as independent contractors, and neither party shall have the right to bind the other without the express written consent of the party to be bound.
 
9. WARRANTIES: _________________ warrants and represents that he is free to enter into this agreement; and that to the best of his knowledge and belief all the rights and releases necessary for production of the Series have been or will be secured; and that the production of this Series will not violate or infringe the rights of any person, company or corporation. Both parties agree that they shall not accept any promotional consideration unless disclosed and approved by the other party. Both parties agree to hold each other harmless and indemnify each other for any breach of the warranties in this paragraph, including claims, damages and reasonable attorneys fees.
 
10. BREACH: In the event _________________ breaches his obligations under this agreement, _________________ shall have the right to terminate this agreement after _________________ gives written notice to _________________ of his breach, and _________________ fails to cure the breach within 30 days of his receipt of said notice. In the event of an uncured breach, _________________ shall continue to be entitled to receive compensation for episodes previously produced but shall not receive any compensation from future episodes produced. In the event _________________ breaches its obligations under this agreement, _________________ shall be entitled to monetary damages but no injunctive relief.
 
11. ARBITRATION AND JURISDICTION: This Agreement shall be interpreted in accordance with the laws of the State of ______________________, applicable to agreements executed and to be wholly performed therein. Any controversy or claim arising out of or in relation to this Agreement or the validity, construction or performance of this Agreement, or the breach thereof, shall be resolved by arbitration in accordance with the rules and procedures of the Independent Film & Television Alliance (IFTA), said rules may be amended from time to time with rights of discovery if requested by the arbitrator. Such rules and procedures are incorporated and made a part of this Agreement by reference. If IFTA shall refuse to accept jurisdiction of such dispute, then the parties agree to arbitrate such matter before and in accordance with the rules of the American Arbitration Association under its jurisdiction in ___________________ before a single arbitrator familiar with entertainment law. The parties shall have the right to engage in pre-hearing discovery in connection with such arbitration proceedings. The parties agree hereto that they will abide by and perform any award rendered in any arbitration conducted pursuant hereto, that any court having jurisdiction thereof may issue a judgment based upon such award and that the prevailing party in such arbitration and/or confirmation proceeding shall be entitled to recover its reasonable attorneys fees and expenses. The arbitration will be held in ______________________ and any award shall be final, binding and non-appealable. The Parties agree to accept service of process in accordance with the IFTA Rules.
 
12. ENTIRE UNDERSTANDING: This Agreement contains the entire understanding of the parties with respect to the subject matter hereof; it may not be changed or amended except in writing signed by the parties; and it shall be construed and governed in accordance with the laws of the State of _________________. This Agreement shall inure to the benefit of, and shall be binding upon, the successors, heirs, executors and administrators of the parties.
 
 
AGREED TO AND ACCEPTED:
 
 
 
      Date:    
   
 
 
      Date:    
       
 
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#27999

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