International productions; contracts and payment workflow
by Abdessamad IDRISSI on Apr 15, 2015 at 9:37:51 pm
I have a question regarding how do you guys manage the contracts and payments when it comes to a foreign production company willing to film in your country?
For example; a US production company (company A) have a 4 days shooting of a short film (or TV commercial) in Paris, a small local French production company (company B) will execute the production, gives a quote and estimates the costs/budget based on the script (or requirements).. So how is this done; what will be the best workflow to be used?
What is included in a contract and by which country law it is bound to? (any links to example contracts?)
How is the payment done? since the two companies live in different countries with different laws, should the "company A" pays the whole budget to "company B" before the shooting?
If the payment is to be made in steps (3 parts; one before shooting, one during the shooting and the last after finishing) How "company B" secures and can be sure that they will get payed afterwards.. Knowing also that international bank transfers takes some weeks depending on countries..
Sorry for the long message. I really appreciate your helps and any ideas.