Normally, the film script is created by the director or a separate screenwriter. The script owner enters into a script contract with the producer. In general, the producer acquires an exclusive right to block a script until production of the film begins. The financier requires the production company to have insurance and to designate the financier as covered by the policy if the claims or losses are due to errors made by the production company. In the context of film production service agreements, the production company also requires the investor to compensate them for losses resulting from receivables that may arise in connection with the underlying rights and the script. .
- September 20, 2021