CONTRACT FOR CONTRIBUTION TO CREATIVE PROJECT
THIS AGREEMENT is hereby entered into on this ………………day of …….……………. Two Thousand and ……………………………
BETWEEN
- [LLC Name], a [State] limited liability company with its principal place of business at [Address]hereinafter referred to as (“Company”)
AND
- [Co-Owner Name], an individual whose address is [Address] hereinafter referred to as (“Co-Owner”).
WHEREAS, the Company is engaged in the creation and production of a creative project (the “Project”);
WHEREAS, the Co-Owner is an individual who has agreed to provide certain services and contribute certain materials to the Project;
WHEREAS, the parties desire to set forth the terms and conditions of Co-Owner’s contribution to the Project;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and for other good and valuable consideration, the parties agree as follows:
- TERM
This Contract shall become binding on the parties on the Effective Date and shall continue in force until the completion of the Project or until terminated by either party in accordance with the terms of this Contract.
- DUTIES
Co-Owner agrees to perform the duties outlined in the Exhibit A attached and may be amended from time to time by mutual agreement of the parties. The Co-Owners agree to collectively fulfill the duties as outlined below;
- a) Story Generation: Contributing to the creation of the story concept and world-building, collaborating with other team members to develop the plot and characters of the story, and providing timely feedback and input on the development of the story.
- b) Manuscript: Collaborating with the team to translate the story outline and other story elements generated in the Story Generation phase into a manuscript, providing timely feedback and input on the development of the manuscript, and participating in revisions and edits as necessary to refine the manuscript.
- c) Business Aspects: Collaborating with the team to bring the story to market, participating in the distribution of revenue generated by the project in accordance with the terms of this Agreement, and fulfilling any other duties related to the business aspects of the project as assigned by the Company.
- CONDITIONS OF CO-OWNER’S PERFORMANCE:
Co-Owner’s performance of the duties set forth in the Descriptions shall be subject to the following conditions:
- Co-Owner shall perform the duties in a timely, professional, and workmanlike manner.
- Co-Owner shall comply with all applicable laws, regulations, and industry standards in performing the duties.
- Co-Owner shall promptly notify Company of any changes in Co-Owner’s availability, health, or other circumstances that may affect Co-Owner’s ability to perform the duties.
- Co-Owner shall not disclose any confidential or proprietary information of Company or any third party obtained in connection with the Project, except as required by law or with Company’s prior written consent.
- ROYALTIES
- In consideration of the Co-Owner’s contribution to the Project, the Co-Owner shall be entitled to [percentage] percent of the net profits generated by the Project.
- “Net profits” shall mean the revenues generated from the Project, less any reasonable and customary expenses associated with the creation, production, marketing, and distribution of the Project, including but not limited to, production costs, marketing expenses, distribution expenses, and any other expenses associated with the Project as determined by the Company in its sole discretion.
- The Co-Owner’s entitlement to royalties shall be subject to the Co-Owner’s full and timely performance of all duties and obligations under this Agreement.
- The Co-Owner acknowledges and agrees that the Company shall have the right to deduct any amounts owed by the Co-Owner to the Company or any third party from the Co-Owner’s royalties.
- The royalties shall be paid to the Co-Owner on a quarterly basis, within 30 days after the end of each calendar quarter. The payments shall be accompanied by a statement detailing the revenues generated and expenses incurred during the relevant period and the calculation of the Co-Owner’s entitlement to royalties.
- The Co-Owner shall have the right to audit the Company’s books and records relating to the calculation and payment of royalties upon reasonable notice and during normal business hours. If the audit reveals an underpayment of royalties to the Co-Owner, the Company shall promptly pay the shortfall plus interest at the prevailing rate. If the audit reveals an overpayment of royalties to the Co-Owner, the Co-Owner shall promptly refund the excess amount to the Company.
- PROJECT TIMELINE AND COMPLETION:
The parties agree to use their best efforts to complete the Project within the timeline set forth in the attached Descriptions, or as may be amended from time to time by mutual agreement of the parties.
- TERMINATION FOR MATERIAL BREACH:
If either party breaches any material term or condition of this Contract, the non-breaching party may terminate this Contract immediately upon written notice to the breaching party.
- REMEDIES IN CASE OF BREACH:
In the event of a breach of this Contract, the non-breaching party may seek any and all available remedies, including but not limited to, injunctive relief, damages, and specific performance.
- TERMINATION
In the event that the Co-Owner fails to meet their obligations for a particular portion of the project, the Story Producer shall have the right to terminate their ownership privileges (royalty points) for that portion of the project. The termination shall not affect any ownership privileges earned by the Co-Owner for previous portions of the project for which their obligations were fulfilled. The Story Producer may seek a replacement Co-Owner to fulfill the Co-Owner’s unfulfilled obligations for the terminated portion of the project. The Co-Owner shall be notified in writing of their termination and the reasons for such termination.
- DISPUTE RESOLUTION
Any dispute arising out of or relating to this Agreement shall be resolved through mediation administered by the American Arbitration Association in accordance with its Commercial Mediation Procedures. If the dispute cannot be resolved through mediation, the parties agree to submit to the exclusive jurisdiction of the courts located in [STATE].
- NOTICES
Any notices required or permitted under this Contract shall be in writing and shall be deemed given when delivered in person, by overnight courier, or by certified or registered mail, postage prepaid, to the addresses set forth above or to such other addresses as the parties may designate in writing.
- GOVERNING LAW
This Contract shall be governed by and construed in accordance with the laws of the State of [State]. Any disputes arising under this Contract shall be resolved exclusively in the courts of [State].
- AMENDMENT AND WAIVER
No modification or amendment to this Agreement shall be effective unless in writing and signed by both Parties. Any waiver of a breach of any provision of this Agreement shall not operate as a waiver of any subsequent breach.
- ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the Parties and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, between the Parties with respect to the subject matter of this Agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
SIGNED by the parties: )
……………………………. ) _________________
(NAME OF LLC-COMPANY) Signature
Date: ……………………….
Title:…………………………
AND
……………………………….. )_________________
(NAME OF CO-OWNER- CO-OWNER) Signature
Title:………………………..
Date: ……………………….
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