PTV 12 Flashcards
12 ABOVE THE LINE PERSONNEL
Usually paid a flat fee, provided in the agreement
12 RIGHTS PURCHASE AGREEMENT
The producer buys a book/a script/a screenplay/a story from a writer or other owner
provides the purchase of all OR SOME rights
12 OPTION AGREEMENT
The producer buys the exclusive right to purchase at a later date
The property is put “on hold”
WRITER AGREEMENT
The producer has an idea and wants to convert it into a screenplay
To engage the writer’s services to adapt the idea into a screenplay
WORKER’S COMPENSATION – EMPLOYERS’ LIABILITY INSURANCE
Insures in case of accident, disease or death because of work
PERSONAL ACCIDENT INSURANCE
Mandatory for stunts, usual for important talent, working abroad
Increases the compensation in case of accident
PUBLIC/GENERAL LIABILITY INSURANCE
Covers for damage to property belonging to others
Indemnifies the production against death or injury (non-employees)
Mandatory when working on a location
MULTI-RISK INSURANCE
PROPS ANS SETS INSUR. - HIRED EQUIPMENT INSUR. - THEFT INSUR.
For loss, damage of theft
Covers the cost of repairing or replacing props, sets, equipment
NEGATIVE FILM AND VIDEOTAPE COVERAGE
In case of physical loss or damage, for extra expenses of reshooting
ADVERSE WEATHER INSURANCE
Covers extra expense in case of interruption, delay or abandonment
ERRORS AND OMISSIONS INSURA. / PROFESSIONAL LIABILITY
Covers a producer if sued for libel, breach of copyright, etc.
COMPLETION BOND
A completion guaranty for the benefit of the bank or the guarantor
Ensures project will be finished, 6% of budget
