FILM FINANCING LAWYER
Providing legal advice in furtherance of your engagement of the entertainment sector and providing financing to specific projects.
Financing is a critical element for both ongoing business operations and the pursuit of strategic advancements. It can often be the basis for the success or failure of a company or a particular venture that it is pursuing. Yet the attainment of such financing cannot be viewed in isolation, given that financing is heavily impacted by a complex legal and regulatory web that demands experienced legal counsel to assist in navigating these legal and regulatory challenges.
Whether extending financing or receiving financing, the challenges associated with negotiating and implementing such financial arrangements and the underlying legal documentation is a matter of serious consideration. For when finances are advanced and the debtor's business situation takes a turn for the worse, the previously negotiated financial instruments and legal documentation will dictate the outcome, such that you will be reliant upon your initial choice of legal counsel.
At Neufeld Legal P.C., we understand the challenges and legal implications associated with businesses attaining the appropriate form of financing to advance their commercial ventures, while complying with a stringent legal and regulatory structure that often appears to be averse to the advancement of commercial loans and other financial instruments. For knowledgeable and experienced legal representation when undertaking financing initiatives and negotiating financial arrangements, contact Neufeld Legal P.C. at 403-400-4092 / 416-887-9702 or via email at Neufeld@FinancingLawyer.ca.
Financing is driven in large part of the
contractual arrangements that are negotiated between the parties,
setting forth the terms associated with the advancement of funds and the
enforcement of its repayment. This can be seen in this excerpt from a
film financing agreement:
"Revenue Sharing Rights
x.1 Within ten (10) days of completion of the Film, the Producer shall deliver to the Co-Producer a full and itemised cost report for the production and completion of the Film in a form to be approved in advance by the Co-Producer and the parties shall agree the final cost of completion of the Film (the “Production Costs”).
x.2 Film Net Revenues shall be defined as any and all revenues received by the Producer and/or the Co-Producer arising from the exhibition and/or other exploitation of the Film in all media throughout the world without time limit but expressly excluding any revenues received for the purpose of and necessary to meet the Production Costs.
x.3 All Film Net Revenues shall be shared between the parties in proportions pro rata to each party’s percentage financial contribution to the agreed budget. For example, a $X contribution by the Co-Producer to the agreed budget of $X shall entitle the Co-producer to receive one-fifth (1/5) of the Film Net Revenues."
Nevertheless, every agreement in the finance is highly specialized and is impacted by a variety of elements, which need to appropriately addressed and accounted for. It is for that reason that it is strongly advised that for all financing matters knowledgeable legal counsel be retained.
Financing Lawyer Christopher R. Neufeld is a corporate commercial solicitor with the law firm of Neufeld Legal P.C. and is admitted to practice law in Alberta and Ontario (Canada) and New York (U.S.A.). Our legal practice focuses primarily on business law, in particular corporate commercial transactions and their dependence on commercial financing. The law firm's offices are situated at 144 - 4th Avenue SW, Suite 1600, Calgary, Alberta T2P 3N4; 1 Yonge Street, Suite 1801, Toronto, Ontario M5E 1W7; and 719 Catalina Crescent, Burlington, Ontario L7L 5B9. For legal information on the business purchase and sale transactions visit www.MergerAcquisitionLawyer.ca. COPYRIGHT 2013.