If it's been a few years since I've been on this site and a lot has happened with my production company. Over the years we've seen some movement with some of our projects but they never fully take off. They're just inching forward but forward at least. Right now, in just the last couple months, we've made some pretty big strides with one of our feature films in development. I have a question that I'm hoping I might get some advice on from all of you who are more experienced then we are... Our project is about to be 50-75% financed By a group that can also come in as CO producers. They are leaving that up to us. My production company, consisting of four individuals in our LLC, believe it would be a good idea since they are more experienced than we are. We are bringing them the script that we own and the attached lead talent and director. We have established our relationship with a casting director and we have a "small town" film attorney.
Our actors agent is requesting we sign a pay for play contract. We do not want to sign it untill the financing is fully in place But we understand their urgency as the Actor is well known and we don't want to lose him.
We also need to be prepared for a possible contract between our LLC and our investor / possible co-producer.
My question is...
Knowing that we can't afford the retainer for a seasoned entertainment attorney until after full financing is in place, What are the most important items to consider in creating contracts with our lead Actor and potential Co-producer in order to protect ourselves as the less experiencd producer?