Film Shopping Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Film Shopping Agreement

"I need a Film Shopping Agreement under Saudi law for my independent documentary film, granting exclusive rights to a local agent to shop the film to streaming platforms in the MENA region for a 6-month period starting January 2025."

Document background
The Film Shopping Agreement has become increasingly important in Saudi Arabia's expanding entertainment industry, particularly following the country's Vision 2030 initiative which has opened up new opportunities in the film sector. This agreement type is utilized when a film rights owner wants to appoint a representative to explore market opportunities and secure potential buyers or investors for their film project. The document must navigate both international film industry standards and Saudi Arabia's unique regulatory environment, including compliance with GCAM regulations and Shariah law. It typically includes detailed provisions about the shopping period, territory restrictions, commission structures, and reporting requirements, while addressing cultural sensitivities specific to the Saudi market. The agreement is particularly relevant for international film rights owners seeking to enter the Saudi market or local producers looking to distribute their content both domestically and internationally.
Suggested Sections

1. Parties: Identification of the rights holder/seller and the shopping agent/buyer

2. Background: Context of the agreement and brief description of the film project

3. Definitions: Key terms used throughout the agreement including 'Shopping Period', 'Territory', 'Rights', etc.

4. Appointment and Rights: Exclusive/non-exclusive appointment of agent and scope of rights granted for shopping the film

5. Term: Duration of the shopping period and any extension provisions

6. Territory: Geographical scope where the agent can shop the film

7. Agent's Obligations: Responsibilities including promotion, reporting, and compliance with local regulations

8. Owner's Obligations: Responsibilities including providing materials, information, and maintaining rights ownership

9. Compensation: Fee structure, commission rates, and payment terms

10. Representations and Warranties: Standard warranties regarding rights ownership, authority to contract, and Shariah compliance

11. Confidentiality: Protection of confidential information and trade secrets

12. Termination: Circumstances allowing termination and consequences thereof

13. Governing Law and Jurisdiction: Application of Saudi law and dispute resolution mechanisms

Optional Sections

1. Local Content Requirements: Section addressing specific Saudi content requirements when applicable to the film

2. Cultural Compliance: Specific provisions ensuring compliance with Saudi cultural norms and GCAM guidelines

3. Sub-Agents: Rights and restrictions regarding the appointment of sub-agents in different regions

4. Digital Rights: Specific provisions for digital/streaming platforms if included in shopping rights

5. Competition Restrictions: Non-compete clauses and restrictions on shopping competing projects

6. Force Majeure: Provisions for unforeseen circumstances affecting performance

7. Insurance: Requirements for insurance coverage during the shopping period

8. Islamic Finance Compliance: Additional provisions ensuring compliance with Islamic finance principles if relevant

Suggested Schedules

1. Schedule 1 - Film Details: Detailed description of the film project including synopsis, budget, and key elements

2. Schedule 2 - Shopping Materials: List of materials provided for shopping purposes (treatments, scripts, promotional materials)

3. Schedule 3 - Approved Budget: Detailed budget for shopping activities and allowable expenses

4. Schedule 4 - Territory Restrictions: Specific restrictions or requirements for different territories

5. Schedule 5 - Required Approvals: List of necessary regulatory approvals and licenses

6. Schedule 6 - Commission Structure: Detailed breakdown of commission rates and calculation methods

7. Appendix A - Reporting Templates: Standard forms for progress reports and financial reporting

8. Appendix B - GCAM Guidelines: Relevant excerpts from GCAM regulations affecting the shopping process

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Media & Entertainment

Film & Television

Digital Media

Creative Arts

Investment & Finance

Cultural & Entertainment Services

Technology & Digital Distribution

Advertising & Marketing

Relevant Teams

Legal

Business Development

Content Acquisition

Media Distribution

Film Production

Compliance

Investment

Creative Development

Sales

Contract Administration

Relevant Roles

Content Acquisition Manager

Film Rights Manager

Entertainment Lawyer

Business Development Director

Media Distribution Executive

Creative Producer

Investment Manager

Legal Counsel

Content Licensing Manager

Film Producer

Sales Director

Compliance Officer

Contract Manager

Media Rights Executive

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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