Film producers, secure production financing for your motion picture with this
Film Completion Guaranty.
- The agreement is between the lender financing the film and the company guaranteeing completion and delivery of the film (the guarantor).
- If the producer fails to complete and deliver the film (as defined in the terms), the guarantor will take over production.
- The guarantor is under no obligation under the Guaranty until the strike price (production price) has been advanced.
- The guarantor is not responsible for obtaining any rating for the film, or to deliver any materials other than the delivery materials (as those are defined in the terms), or for the quality of the film itself.
- If the guarantor fails to complete and deliver the film, it will repay the financier for all sums advanced.
- The guarantor subordinates any claims it may have against the producer to the repayment of the financier and all of the financier's rights and security interests.
- The document includes a Notice Cure and Arbitration Agreement.
This
Film Completion Guaranty template is in MS Word format, and is fully editable to meet your specific needs.
