Acceptance and Agreement
This Video Proposal is a legally-binding, verified agreement between both [Client Company] and [Video Company] to facilitate and maintain a video production relationship.
The agreement, signed on [date], is made between “Client” [Client] and “Production Company” [Video Company].
Services Rendered
We will work with you throughout the preproduction, production phases of this project. We agree to give our best efforts to fulfill and exceed your expectation on the deliverables. You agree to cooperate with us in doing so by making available to the Production Company needed information and to cooperate with the Production Company in expediting the work.
Terms of Payment
The total budget for this project: [total]
Production Company will invoice Client for [fifty percent (40%)] of the initial fees before the start of the project. The remaining 60% will be billed based on the schedule provided.
Cancellation
Both parties have the right to modify, reject, cancel or stop any plans or work in process. Client agrees to reimburse Production Company for all costs and expenses Production Company incurred before your change in instructions, which relate to non-cancelable commitments, and to defend, indemnify and hold us harmless for any liability relating to such action. Production Company agrees to use its best efforts to minimize such costs and expenses.
Ownership
Unless otherwise specified in this contract, both Client and Production Company agree that Client owns all rights, interests, and titles to the video, including both the finished output and the creative idea that inspired it.
Client owns all pre-production and post-production footage, which are allowed to be used on Client’s websites, social media platforms, commercial video platforms, and other content platforms.
During the contracted job, Client grants Production Company a transferable, sub-licensable, royalty-free license to the media clips’ post-production deliverables. Both parties will agree on how pre-production clips will be handled.
Confidentiality
Production Company acknowledges its responsibility, both during and after the term of its appointment, to use all reasonable efforts to preserve the confidentiality of any proprietary or confidential information or data provided by Client.
Governing Law
This Agreement shall be governed and construed by the laws of the Province/State of STATE/PROVINCE.