I gambled on signing a production exclusivity agreement with a known production company that contacted me on Facebook about a concept they were developing for TV. It was a 6 month agreement that is up come September. I gambled and signed it knowing that there was a 99% chance they were just trying to slow me down and quiet my promotion of my own concepts. There was a 1% chance that they would actually hold up their end of the bargain and I could rely upon them to open those doors they have done for so many others. I told myself it was worth the gamble and it allowed me some cover to work on my own concepts without the need to be constantly promoting. Well, Since the agreement was signed, I have only heard from this production company once and that was when I CC'd them when another production company approached me. Needless to say, I will not be renewing this agreement in future without an incredible compensation package. I entered this agreement fulling knowing that their was a high probability that I would only be silenced for 6 months and nothing would come out of it. Yet, it still leaves a bitter taste in my mouth. In hind sight, I should of sought more insight from the Stage32 collective here before signing the agreement. There must of been a better way to enter such agreements so that there would be a higher percentage of assurance that the production company would hold up their end of the agreement. Do you have any suggestions on production exclusivity agreements and how they should be entered into in future?
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Money. If they're not spending money, there's no motivation to focus on your project. They might have wanted to kill a project similar to something they were already developing.
I think your dead on the money and correct. Hell I know you are, I just hate to see anyone else get suckered like I did.
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I'm curious about the terms of your contract, and if you had an entertainment lawyer look it over. Specialized law like this or publishing, you need legal help familiar with that type of contract.
A lawyer would of been nice, but the term was short enough and I am broke enough that I did not take that option. The terms are binding so I can't talk about them specifically. Until September then it will be a great story to share!
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Well, aside from Volunteer Lawyers for the Arts, which is free, I send the basics to a college professor friend to teaches entertainment law, and charges $100 to look over contracts. You really can't afford not to.
I have now learned that the hard way. Thank God I was almost banking on it going nowhere and just thought of it as a great cover story so I can get my own efforts pushed further along under the radar. The only downside is I lost 6 months of promotion but to be honest, the break in the PR BS was well worth it!
Sept. 18th is Freedom! Lesson learned and now I have a large motivation to return the favor!
Now that I am free, I have a plan and an added motivation!