krissimmons
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Mar 31, 2007, 3:43 AM
Post #4 of 5
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Re: [Video Schmideo] Instructional Video - Need agreement template
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Not sure if this is the advice your looking for, but I'd suggest that since this is your first time doing this that you simply agree to split income and expenses evenly. I think you will be surprised at how difficult it will be to set up your distribution channels for the finished video. Once you finish the video, who will want to buy it? How will you reach them? Do you have a marketing plan for introducing the video to prospects? These are one of many questions that you'll need to answer in order for this project to be successful.
You can create a contract if you like, but I would focus more on taking detailed notes regarding how the process works this time around so you will know exactly what to consider in the future. All your findings can be incorporated into future production contracts with your friends or anyone else. If you want to have something documented so that you and your friend will remain friends, I'd type up something that states you and he will create this project together, what each person's responsibilities are, and that you will share all expenses and profits realized in the project. Then both of you sign, keep a copy and hopefully never have to pull it out.
One of the best ways to learn how to do something properly is to try it first or consult with someone that has experience in whatever you are trying to do. Then, as you have your successes and failures, make notes and correct for the next go around. Now, if you were doing this with anyone other than your friend, I would tell you to get a lawyer involved so that you can have an agreement drawn up that protects you and your partner in the project.
I'm just not sure this deal requires all that hassle.
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Kris Simmons
http://www.FEPvideo.com
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