Sunday, June 25, 2006

Letter of Intent

I have been looking for an example "Letter of Intent" for a couple years now. Never have I found one. Here's a definition of one from . (Oh, and here's a picture of me with Luca.)

"Question: What are the most important issues to have clearly stated with a letter of intent when enlisting a name actor onto project so that you can go raise capital? Who are the best individuals to speak with in regards to finding the value of an actor in terms of raising capital?

Answer: The letter of intent merely states that the actor intends to do the film if various conditions are met: the rehearsal and shoot are convenient for their schedule; you reach terms on compensation, etc. It is not a binding contract and will only impress unsophisticated investors. The best way to determine the value of an actor is to speak to distributors who sell films worldwide. You can also consult such reference sources as The Ulmer Guide."

I'm not buying that it's only for unsophisticated investors. They may base their money on your having a contract, but the LOI will get you talking and enable you to set up a deal with them.

Oh but wait! Here's an example:

Letter of Interest

_________________________ (hereinafter "Actor") hereby expresses interest in playing the role of ______________________ in the film

project of the working title ________________________________ under development by_________________, LLC (hereinafter "Producer") subject to Actor's availability and the future agreement to terms of employment between Actor and Producer. This letter does not bind either Producer or Actor to an employment contract, but grants Producer permission to use Actor's name and likeness in the pre-production development of this project and in seeking financing for this project, for a period not to exceed one year.

_____________________________ ______________________

Actor Date


Anonymous said...

Thank You. I was looking for the same thing.

Andrew Bellware said...

It's strange how hard that information is to come by isn't it?

Anonymous said...

Thanks for posting this! Super helpful.

Andrew Bellware said...

Glad I could help!

Anonymous said...

Thank you for finding this! I've been searching for hours for this perfectly crafted legal statement!

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