Rufus-Isaacs, Acland- Grantham provides transactional legal services to both entertainment companies and talent in the film, television and digital media sectors. This includes the structuring of film and television financing, production and distribution agreements, the representation of production companies, studios and others in their agreements with directors, producers, authors and actors, as well as advising digital media companies and content creators in the context of development agreements, acquisition and distribution of digital content on web and mobile platforms. Increased cost clause Usually found in credit documents, this clause proves that if it changes the regulatory requirements after signing the loan agreement, which increases the cost of the bank to maintain the loan (or reduces its effective return), the borrower will compensate the lender. See also the requirements of the GWG. Loan Contract An agreement by which an individual`s services are provided through a production company that is generally in possession or under the control of that person. Television Rufus-Isaacs, Acland – Grantham has expertise in all sectors of television, from development to distribution to production. These include negotiating and documenting the acquisition of the underlying rights and recruiting all necessary employees, whether they are a union or a union (writer, producer, director, actor and under the line), copyright authorization, copyright and intellectual property protection, obtaining production financing by co-production, pre-sale, advantageous tax structures , etc., obtaining E-O and other necessary assurances, licensed sales on U.S. radio and cable networks, domestic syndication, sale to foreign broadcasters, and international exploitation and exploitation of all rights to programs such as licensing, merchandising, home video, publishing, mobile phones, Internet use and broadcasting of new technologies. Before setting the fee for a given production, the closing guarantor takes into account several factors, including the experience of the director and the production team, the film`s budget and the risks associated with the production. As a result, fees vary from film to film. Although the guarantee fee is sometimes flat-rate, it is generally expressed as a percentage of direct production costs (i.e. all production costs other than procurement, interest and financing costs, and guarantee costs).
GWA requirements imposed by the Bank of England on banks that provide UK loans and other financing in sterling in order to maintain certain minimum ratios of liquid assets, hence GwG. As a general rule, compliance fees are passed on by a bank to its customers for sterling loans. The amount is normally determined as a percentage of age at the beginning of each interest period according to a defined formula, sometimes included in the loan document, but the bank generally reserves the right to change the formula. See also the cost-raising clause. If the completion guarantor expects the film to be not produced, completed and delivered as promised, it may place a representative on the production site. Or, as a general rule, as a last resort, the closing guarantee may assert its right to „take“ some or all aspects of production in order to minimize the risk of liability under the completion guarantee. If a production does not progress in the budget and schedule, AFIG Entertainment will strive to adopt an approach that is least responsible for the process of creating the production of the film.
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