Hey all,
I have a shopping agreement in hand - it's only 2 pages long - and I'm wondering if I should run it by an entertainment lawyer before signing it. I watched the Stage 32 webinar about option agreements, and although it had some great information, it didn't give me any way to gauge my shopping...
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Hagop Kane Boughazian The problem with shopping based on price is that, by it's nature, law and entertainment law in particular in this case, is a legal specialty and you, as someone who is not a lawy...
Expand commentHagop Kane Boughazian The problem with shopping based on price is that, by it's nature, law and entertainment law in particular in this case, is a legal specialty and you, as someone who is not a lawyer, have little or no ability to gauge the skill of the lawyer. As in all things, you often get what you pay for in lawyers. An inexpensive lawyer may charge little because they are just starting out. A very experienced one with a good rep will charge more because, frankly, they are worth it. However, you do have to match the importance of the task to what you should be willing to pay. If the project could lead to a very lucrative future, then it's worth it to spend more. If the contract review relates to a short film which is unlikely to put a lot of money in your pocket no matter what, then obviously you don't want to spend much on the review. (on the other hand, if the short DOES become big against all odds and you haven't got the best advice on your contract, you'll be kicking yourself later on, right?)
Thanks all. I appreciate the advice. Does anyone here have a lawyer they've worked with in the past and wouldn't mind providing their info? Thanks.
Thank you Colette! Appreciate the help.