Herein this Agreement the Independent Filmmaker is called the “Producer”.
1. The Producers named above and signed below (hereafter called the “ Co-Producers”) will use its best efforts to obtain financing for the production financing for the above named Project and shall exercise sole and exclusive control over the disbursement of monies for all production, marketing and distribution expenses.
2. The Co-Producers shall arrange for the facilities, equipment and personnel needed for the production of the Project, within the limits of the budget as set forth in Exhibit “A”, attached hereto. Nothing in this agreement shall obligate the Co-Producers to produce the Project.
2. The Co-Producers shall provide consultative and administrative services and shall serve as liaison with any and all Investors, Directors, Cast and Crew and enlist their support and participation in the Project.
3. The Co-Producers shall arrange for the sale of the Project to broadcast, cable, home video, Internet and ancillary rights to the Project world-wide.
4. Profits shall be payable ___________________.
5. The Co-Producers shall be the sole Copyright holder of the Project.
6. The Co-Producers shall have the right to inspect and copy the books and records maintained by the Co-Producers at all times upon reasonable notice. At the Co-Producers request, the Co-Producers shall retain a Certified (Public) Accountant to prepare an annual financial report for all expenditures and revenues from the Project. The Accountant shall provide the Co-Producers with monthly accounting statements from . . . (continued)