5  The Interparty Agreement

 

An interparty is not an agreement, it's an excuse for lawyers to make money.

Producer's comment after being presented with legal bill from a bank's law firm

 

 

Introduction

The discounting of production receivables is the essence of all production financing. Whether for television or film, production receivables can include, among other things, licences to broadcasters, pre-sales or licences to distributors, negative pick-ups, equity investments, tax funds and grants or rebates made available by various institutions. The production receivables for a particular project are typically assigned to the bank by notice of assignment and the proceeds received are used to retire the loan. For significant licences or distribution ...

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