Good luck. The Definitive Guide to Film Financing Documents, Experienced Filmmakers - The Producer's Package. Most conditions are considered standard and apply to such things as financing, personnel, insurance, and location agreements. However, there is a key restriction: you can only sell your securities (shares, investments) to Accredited Investors, who generally are a company or high net worth individual. These three documents are examined in detail. Film Financing Bundles - All the Templates + Professional Services & Legal Options for the Serious Filmmaker, Full Gold Toolkit Raising private financing for a film is the Everest climb for every indie filmmaker. J. and Abucco. Most of these items are already included in our Business Plan Template and Financial Projections Template. Source of Financing Documents required Public funds (supranational, national, regional, local) Agreement, deal memo or a recent letter of intent with amounts. In der Praxis wird der LoI aber oft als von beiden Parteien zu unterzeichnendes Dokument verwendet. This usually means a large quantity of investors, often solicited publicly, that are not experienced in filmmaking and will not be involved in day to day production. Regular Price $802, Save $203, Full Gold Toolkit We specially look after the environmental issues and you know that such an initiative is necessary for our society. In most cases FFI then moves to the next stage, which is meeting with any and all relevant personnel whose views on the project are deemed helpful. On the basis of these views and explanations, along with the papers submitted, we decide whether the project presented is feasible. You probably already know these people through your industry connections and have established relationships with them. + Professional Sales Projections & Investor ROI Use a business plan when seeking to raise money from a few active investors and a PPM when seeking to raise money from a larger group of passive investors and the security has not been registered. Some films will require multiple types of financing and associated documentation. The real In this way, type the investment entity’s official name on the first blank line. Read more on Accredited Investors and be VERY clear on how and to whom you are able to advertise before you publicly ask for any money. Before making any commitment to a specific format for any of the discussed matters, it is important to obtain professional legal counsel. to be a writer hawking scripts until I die. Diese bestätigt, dass die Parteien des LoI in Verhandlungen über einen Vertragsabschluss stehen. Hi Melissa! This Letter of Intent ("Agreement"), effective May 8, 2003, is between International Media Acquisition Group, a Delaware limited liability company, or its nominee ("AC"), and Ted Hartley (sometimes referred to as "Hartley") and Dina Merrill (collectively with Hartley referred to as the "Sellers"). The producer's package rarely (as in never) applies to a first time filmmaker or one without established studio and entertainment connections. This guarantee instrument's existence or status can be confirmed by contacting the following two bank sources: (Name, title, phone number, fax number, e-mail address) You will find LOI templates today with pre-structured formats that save you from creating the entire thing from scratch. Many potentially great filmmakers never completed the ascent while many did reach the summit, but few had the visual-storytelling talent to make a memorable film, thus the hundreds of indie features per year that never get distribution or return a dollar of their investment. National Letter of Intent 3. The Letter of Intent outlines the basic terms for a formal agreement under which Cre8tive will be paid back on a "First Out" basis equaling the amount of the initial investment. Adequate communication is essential in order to finish projects successfully. These above-mentioned conditions are incorporated in an undertaking required of the producers. John Smith Angel Investor Network of Greater Metropolis 1000 Main Street Metropolis, NY 10020 . (I'm an artiste', not a business person. Letter of Intent vs Cover Letter 6. The above-mentioned tips will be helpful to draft an effective letter with proper usage of words. This is the large majority of FilmProposals.com customers and site visitors and to whom this article is directed. Most conditions are considered standard and apply to such things as financing, personnel, insurance, and location agreements. It is almost always prepared by entertainment industry professionals for entertainment industry professionals, most of whom have their own in-house counsel. A real time saver. If they only pursue active investors, they have all the information they need, except a financing agreement. Under these exemptions, advertising the offering is NOT allowed. Regardless of whether pursuing active or passive investors, many filmmakers, especially those fairly new to the industry, will create their business plans and financial projections. Other restrictions address WHOM you may approach, and what information you must provide.". Our Film PPM Pack includes: Our Film (PPM) Contract is included with select Financing Bundles or can be purchased separately below. Simply put, a packaged project is a film or a television series in between the script stage and the pre-production phase that has one or more well-known actors or a famous director already attached. Our Film PPM Template is designed (and legally required) for filmmakers who want to: This complete Film Private Placement Memorandum was used by successful independent producers several times to raise money for full-length feature films at budgets ranging from $350K -$8M. Below are a few Sample examples given and tips for writing a nice funding request letter, please follow and find the right one for yourself. Passive investors are the route the large majority new or somewhat experienced filmmakers will take. Letter of Intent. For example, a budget or a script is not required legally to raise funds for a film (although you do need to document you have true intentions to make the film, and these usually will provide that)...but it's not remotely feasible to think you are going to produce anything without those two key film production articles. Ein Letter of Intent (LoI) ist eine unverbindliche Absichtserklärung. Definition, Rechtschreibung, Synonyme und Grammatik von 'Letter of Intent' auf Duden online nachschlagen. A document that confirms the existence of a preliminary agreement between two or more parties before the agreement is finalised. Title II allows producers to promote projects to the public through a number of fundraising channels, generally to Passive Investors. How to make a professional Project Finance Letter Of Intent?Download this Project Finance Letter Of Intent t emplate now! I believe we are well positioned t Regular Price $303, Save $124, Full Bronze Toolkit I'm now sending out my completed business plan/film proposal document to potential investors and the one comment I'm getting back almost immediately is that it's so well laid out and professional. Free Sample Letters of Intent: Here are several free Letter of Intents to help you write down your own letter quickly. 4. These types of letters can be used in a variety of situations including business negotiations, to signal the intent to purchase real estate or by recipients of scholarships or college admissions to indicate the intent to accept a formal offer. A film producer uses their best communication and negotiation skills to staff and fund a production on behalf of the film company returning a product that exceeds expectations. Thank you! Source: Hot Package @ Deadline. Check out 100s of tools, templates, articles, contacts and resources for both new and experienced movie producers. In one place, with clear, easy to follow materials and spreadsheets, my questions were answered. We prefer that all three documents have already been approved by the financiers and distributors of the picture. The bargain of my career! This is most often called a Subscription Agreement (and is included in our PPM template). This is one example of how a single film may require multiple types of financing and varying documents required to pursue each. 1. Letters of Intent: By Type 2. What is an Independent Film Financing Plan? If terms like Business Plan, PPM, Finance Agreement, Investors Agreement, Producer's Package, Active and Passive Investors have your head spinning, here is the definitive guide to film finance documentation. This is perfect! The Parties are prepared to raise as the Private Placement Financing a minimum of $1,000,000.00US for the purposes of Arbor, Arbor B.C. I'm now sending out my completed business plan/film proposal document to potential investors and the one comment I'm getting back almost immediately is that it's so well laid out and professional. Under this latter structure, the bank loans to a special-purpose entity formed to produce the film, and the film company commits to pay the cost of the film on delivery, repaying the bank. I am writing this letter to inform you that our non charitable organization arranges a tree plantation event in the woods of our town. Enter your name and email in the form below or follow the link to download the free LOI template now! Welcome to Filmproposals, the site for Independent Film Makers serious about raising film financing. + Indie Film Pitch Deck Template In this case, the investment vehicle to be provided to passive investors before accepting funds is a securities disclosure document, most commonly referred to as a Private Placement Memorandum (PPM). + Custom Indie Film Database im Vorfeld von Unternehmenskäufen, Softwareverträgen und Kooperationen, insbesondere bei Großproj… Mr. Feldman has years of experience with SEC rules, Film Investor Agreements, Financing Agreements, Prospectuses, PPMs, co-production agreements, distribution agreements and crowd funding. I had no idea it was feasible to get a handle on film finance myself and was really inspired to see I don't have The LOI establishes the aspects of the deal the parties agree on, shows the parties are committed to making a final deal, and clears the way for a later, binding agreement called a … How to Write a Letter of Intent I can actually make my film! This letter of intent is used by a party seeking to enter into a proposed business arrangement with another party. The Business Plan, though not legally required, is a commonly used tool to attract and set discussions with potential active investors. Believe me, first impressions really do count. For example, a budget or a script is not required legally to raise funds for a film (although you do need to document you have true intentions to make the film, and these usually will provide that)...but it's not remotely feasible to think you are going to produce anything … Die Absichtserklärungen werden von einem oder von mehreren Verhandlungspartnern abgegeben. You've decided to raise funds through a select and small group of active investors, who have “knowledge and experience” in the film industry and will be involved in the day-to-day production of your film. Ben Feldman, Feldman, Golinski + Reedy In some cases, we are prepared to consider these documents prior to such stage. So far, what I've read and learned has been invaluable. It is usually a script, budget, talent LOIs (Letters of Intent) and other documents based on the relationship and history between the producer and others involved. A letter of intent (sometimes referred to as a letter of interest) outlines the intent of one party relative to another. With several hundred articles and experts around the internet, it is difficult to make heads or tails of which tools-templates-documents and professional services you need and those you may want. In this sample letter of intent, Hadley Capital is offering the seller total sale proceeds of $5.0 million: $4.0 million in cash plus a seller note of $500,000 and a consulting and non-compete agreement of $500,000. A letter of intent (LOI) outlines the terms of a deal and serves as an “agreement to agree” between two parties. K. Abucco is desirous of borrowing $200,000.00US funds (the "Loan") from Arbor as part of … Ein weicher LoI ist eine unverbindliche Absichtserklärung, die lediglich bestätigt, dass die Parteien des LoI in Vertragsverhandlungen stehen. So s/he "packages" the three of them together and they start to gather other industry talent and shop their package to financiers and studios. LETTER OF INTEREST Private Equity Minority Investment 1 [Date] Mr. [_____] [Title] [XYZ] ... with the expressed intent of assisting XYZ in improving the operation and value of ZZZ. + PPM (Private Placement Memorandum) value here is the market data - I'd pay 100$ for that alone. If you want to ask the public for investments and you do NOT want to register your security with the SEC (which is like $50K or more and extremely complicated), then you must follow certain rules. Believe me, first impressions really do count. Keep reading to see the differences between a Film Business Plan and a Film PPM. + Bonuses (MPAA Market Stats, Make Your Movie Action Pack, ++ More) 2. Alternatively, we offer our Film Investor Agreement Outline which includes explanations, sample clauses and key sections geared towards active investors. LETTER OF INTENT February 22, 2015 MAD Z Productions 39 Treehouse Circle Easthampton, MA 01027 Attention: David Zagorski To whom it may concern: In furtherance of the discussions between MAD Z Productions (the "Production Company") and Maxim Media International (the "Distributor") regarding an exclusive distribution arrangement, this Letter of Intent is intended to … So much information is packed into what I got that I'm almost dizzy from it all. Passive investors include everything from your local dentist or car dealer to a film investor, not personally known, solicited off the internet. The first thing to note is that there is a difference between which documents we think are necessary and those which are required by law. Business Plan Template Example Producer's Package: "UTA is packaging this and arranging the financing, and the agency reps everyone in the package but Weng, who is at CAA, and Storm, who is with Franfurt Kurnit and Romark Entertainment." You have a great idea for a film and now you "just" need to raise money to make it. Strangers outside of the entertainment industry cannot legally, and will not invest, in a producer's package. In order to gain truthful and accurate information, you need to make sure that program- or project managers are able to make rational and correct decisions. Importance Of A Business Plan For Film Projects, FREE How to Write a Film Business Plan Course, Six Things You Absolutely MUST Know before raising money, 10 Things You MUST Do To Attract Film Investors, completed business plan/film proposal document to potential investors, Raise film financing of $100K-$5M from outside investors who will not actively participate in your film production (Passive Investors), Protect your project, your production company (LLC) and your investors and follow all legal requirements, Raise funds from both Accredited and Non-Accredited investors, Be able to publicly advertise your offering in order to receive investor funding, Demonstrate to their investors how their investments will be paid back (distribution waterfall), Save about $10K getting a PPM made from scratch and use one already proven in the film industry. When a positive decision is made, a “letter of intent” is issued by us confirming that we are prepared to go forward with issuing a Contract of Completion, subject to the fulfillment of certain stated conditions. To be clear, regardless of the investor type, there is a distinction between the documents you will use to find, attract and pitch investors and those that are legally required to actually accept money. If there exists a one stop shop for a business plan and crash course in film finance this is probably it. Our Film PPM Template uses real-world current samples from an LLC production raising money right now in 2021 for Capture The Flag, with actor attachments Dick Van Dyke, Louis Gossett Jr and Barry Corbin. When a positive decision is made, a “letter of intent” is issued by us confirming that we are prepared to go forward with issuing a Contract of Completion, subject to the fulfillment of certain stated conditions. Back to Top of Film Investor Financing Templates. For superior service and rates, make sure to tell Mr. Feldman, Entertainment Lawyer, you were referred by Melissa @ FilmProposals! Er kann als einseitige Erklärung abgefasst sein, die eine Bestimmung der Verhandlungsposition des Ausstellers wiedergibt. Zum Teil wird unter einem LoI eine einseitige Fixierung der Verhandlungsposition des Absenders verstanden. Sample Cover Letter & Sample Proposal for Funding Support Uses for Document ¾ Proposals to corporations, civic clubs and organizations ¾ Simple corporate or foundation grants not requiring specific application form ¾ Solicitation of sponsorships (Include donor benefits for each level of sponsorship) ¾ Notes for speeches or oral funding requests . + Investor Agreement Outline Note: No articles or templates available on the FilmProposals website should be construed as legal counsel or advice. In film production it is often a document required by funding institutions - distributor's letter of intent, other funders' letter of intent, co-producers' letter of intent. Regular Price $1301, Save $302, Full Gold Toolkit Within the context of venture capital financing, a term sheet typically includes conditions for financing a startup company. I purchased Package #3 a couple of days ago, and I feel like I'm taking a crash course in film financing. To raise funds, you WILL NEED to provide potential investors some form of a Business Plan and Financial Projections that list specific items, such as purpose for the offering, target offering amount and its deadline, description of the ownership and capital structure of the issuer and more. A letter of intent (LOI) is an initial, non-binding agreement between the parties in a proposed business deal. The first thing to note is that there is a difference between which documents we think are necessary and those which are required by law. If they choose to pursue passive investors, the bulk of the business plan will be used as the “meat” of the PPM, and will only need an attorney to add on the specific compliance information. Dieser Letter of Intent verpflichtet keine der beiden Parteien zu einem Vertragsabschluss. Ultimately, you plan on securing multiple passive investors to fund your entire film, but don't have the money to hire experts to create the legal and business documents needed. Is a Letter of Intent Binding? Previously, this same Film PPM was used to raise funds for: A new Film PPM will easily cost a filmmaker upwards of $10K, however, you can pay an attorney for a few hours of time to review a prepared document and suggest changes. + Professional Sales Projections & Investor ROI The investment tool for legally accepting and managing funds will be some type of Film Financing (Investor) Agreement. I self-financed Doctrine about graduate students experimenting with a drug that increases intelligent after 17 studios turned it down. EX-10.2 4 abbuco.htm LETTER AGREEMENT WITH ABUCCO ... conditional on the Parties raising the entire Private Placement Financing as herein described. :) ) The information is clear and easy to understand, and Melissa is very prompt in answering emails. An example is that you may use a business plan to send out to the world to describe your market, investment opportunity, film genre, production advantages and more, but legally, you will need distinctly different documents before you are able to accept any funds from anyone. Most film/theatre projects are financed through a ‘limited’ or ‘private’ offering exempt from the otherwise expensive and time consuming securities registration requirements. Regular Price $137, Save $38. 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