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Co-Production Agreement

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CO-PRODUCTION AGREEMENT

This Co-Production Agreement (the Agreement) is entered into as of by and between Producer Name: and Co-Producer Name: , each a Party and collectively the Parties.

RECITALS

WHEREAS, the Parties desire to co-produce a motion picture, television program, digital media work or other audiovisual project currently entitled "" (the Production), pursuant to the terms and conditions set forth in this Agreement; and

WHEREAS, Producer will provide certain production services, personnel and/or financing as set forth herein and Co-Producer will provide complementary services, personnel and/or financing in agreed proportions; and

WHEREAS, the Parties intend to define their respective rights, obligations, contributions, ownership, credit and revenue participation in connection with the Production.

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

1. DEFINITIONS

1.1 "Production" means the audiovisual project described above, including all elements, versions, cuts and materials created in connection therewith.

1.2 "Net Receipts" shall mean gross receipts actually received by the Parties in connection with the exploitation of the Production less customary distribution expenses, returns, taxes, and third‑party fees as expressly agreed in writing.

2. TERM AND SCHEDULE

2.1 Commencement: Principal photography shall commence on or about and the Parties shall use commercially reasonable efforts to achieve completion of principal photography by .

2.2 Extensions: Any material extension of schedule or delay shall require written approval by both Parties, which approval shall not be unreasonably withheld.

3. CONTRIBUTIONS, BUDGET AND FINANCE

3.1 Each Party's cash and non-cash contributions shall be documented in a written budget schedule attached hereto and shall be subject to mutual audit upon reasonable notice.

4. MANAGEMENT, CONTROL AND DECISION MAKING

4.1 Producer shall have day-to-day responsibility for physical production, hiring of below-the-line crew, and on-set management subject to the creative approvals set forth below. Co-Producer shall have the rights specified in this Section and in any attached production schedule.

4.2 Creative Approvals: The following creative elements shall require joint approval: key cast, director, final script, final cut. Approvals shall be given in writing and shall not be unreasonably withheld.

5. OWNERSHIP, COPYRIGHT AND EXPLOITATION

5.1 Ownership: Subject to third-party obligations and contingent financing agreements, ownership of the copyright in the Production shall be held by the Parties as tenants in common in the following proportions: Producer % and Co-Producer %.

5.2 Exploitation: Any licensing, sale or other exploitation of rights shall be subject to the revenue split set forth in Section 6 and any required consents under financing agreements.

6. CREDITS, ROYALTIES AND INCOME PARTICIPATION

6.1 Credits: On-screen and press credits shall be allocated as follows: Producer credit as and Co-Producer credit as . The specific form, placement and duration of credits shall be negotiated in good faith consistent with industry practice.

7. DELIVERY, ACCEPTANCE AND ACCOUNTING

7.1 Delivery: Producer shall deliver to Co-Producer final deliverables, including a delivery master and required materials, by . Acceptance shall not be unreasonably withheld.

7.2 Accounting and Payment: All accounting for Net Receipts shall be performed by the Party responsible for distribution or, if jointly appointed, by an independent auditor. Statements shall be delivered semi-annually with payments due within thirty (30) days of statement delivery.

8. WARRANTIES, REPRESENTATIONS AND COVENANTS

8.1 Each Party represents and warrants that it has full power and authority to enter into this Agreement, that its performance will not breach any other agreement, and that it will comply with all applicable laws and union agreements.

8.2 Each Party covenants to disclose promptly any third-party claims that could materially affect the Production or the Parties' rights hereunder.

9. INDEMNIFICATION

9.1 Each Party shall indemnify, defend and hold harmless the other Party from and against any and all claims, liabilities, losses, damages and expenses (including reasonable attorneys' fees) arising out of a breach of such Party's representations, warranties or covenants, or from the willful misconduct or negligence of such Party in connection with the Production.

10. INSURANCE

10.1 The Parties shall, at their respective expense as specified in the budget, procure and maintain production insurance customary for the industry, including but not limited to general liability, workers' compensation and cast insurance. Certificates evidencing such insurance shall be provided upon request.

11. CONFIDENTIALITY

11.1 Except as required for the Production or by law, the Parties shall keep confidential all non-public business, financial and creative information exchanged in connection with the Production for a period of three (3) years following delivery of final materials.

12. TERMINATION

12.1 Material Breach: Either Party may terminate this Agreement upon thirty (30) days' written notice if the other Party materially breaches any provision and fails to cure within the notice period. Termination shall be without prejudice to any remedies available at law or in equity.

12.2 Effect of Termination: Upon termination, the Parties shall account for all amounts due and determine ownership and disposition of completed materials in accordance with the Parties' respective contributions and any third-party obligations.

13. DISPUTE RESOLUTION

13.1 Good Faith Negotiation: The Parties shall first attempt to resolve disputes through senior-level good faith negotiations for a period of not less than sixty (60) days.

13.2 Arbitration: If unresolved, disputes shall be resolved by binding arbitration administered by a neutral arbitrator in accordance with generally accepted arbitration rules. The arbitration shall take place in the state specified in Section 17. Judgment upon the award rendered by the arbitrator may be entered in any court of competent jurisdiction.

14. NOTICES

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses set forth below by hand, overnight courier, or certified mail, return receipt requested, and shall be effective upon receipt.

15. AMENDMENTS; WAIVER

No amendment, modification or waiver of any provision of this Agreement shall be effective unless made in writing and signed by both Parties. The waiver of any breach shall not constitute a waiver of any subsequent breach.

16. COUNTERPARTS

This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Signatures transmitted by electronic means shall be binding.

17. GOVERNING LAW; ENTIRE AGREEMENT; SEVERABILITY

17.1 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of law principles.

17.2 Entire Agreement: This Agreement, including any schedules and exhibits attached hereto, constitutes the entire agreement between the Parties with respect to the Production and supersedes all prior and contemporaneous agreements and understandings, whether written or oral.

17.3 Severability: If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect and the Parties shall negotiate in good faith to replace the invalid provision with a valid provision that achieves, to the extent possible, the original economic and legal intent.

Producer Printed Name:

By:

Date:

Co-Producer Printed Name:

By:

Date:

Enter text✕

What a Co-Production Agreement Is and When It Applies

A Co-Production Agreement is a legally binding contract between two or more parties who agree to collaborate on creating a single project — commonly film, television, digital media, or other creative works. It allocates responsibilities such as financing, creative control, intellectual property ownership, revenue sharing, credit, delivery milestones, insurance and indemnities, and dispute resolution. The agreement defines each party’s contributions (cash, services, equipment, personnel), governance of production decisions, and procedures for handling cost overruns or delays. Properly drafted, it makes roles and revenue allocation enforceable and reduces ambiguity during production.

Why a Clear Co-Production Agreement Matters

A precise agreement protects creative and financial rights, prevents disputes, and clarifies who owns finished works and revenue streams. It also sets performance benchmarks, risk allocation, and remedies for breach.

Why a Clear Co-Production Agreement Matters

Who Typically Uses a Co-Production Agreement

The agreement is used by parties who jointly finance, produce, or exploit a single media project and need written allocation of rights and responsibilities.

  • Independent producers and production companies collaborating on financing, production duties, and distribution rights.
  • Studios or distributors partnering with local producers for location-based co-productions and market access.
  • Investors, financiers, and executive producers seeking contractual protections for funding, recoupment, and credit.

Use a tailored co-production agreement whenever multiple entities share production duties, costs, or exploitation rights to avoid downstream disputes.

Core Sections to Include in a Professional Co-Production Agreement

A thorough agreement covers allocation of ownership and exploitation rights, financial contributions and recoupment, production governance, credit and creative control, insurance and indemnities, and dispute-resolution mechanisms tailored to the project.

Ownership and Rights

Specify who owns the underlying copyright, distribution rights, and ancillary exploitation rights worldwide or by territory, including whether rights vest jointly or into a designated legal entity.

Financing & Recoupment

Detail each party's cash or in-kind contributions, priority of recoupment, waterfall calculations, accounting standards, and procedures for audits and withholding taxes.

Production Responsibilities

Allocate duties such as producer hires, crew, equipment, locations, and approval rights for key creative positions and delivery formats with clear timelines.

Credit and Creative Control

Define on-screen credits, moral rights handling, approval processes for edits and marketing, and reserved approvals for significant creative or budgetary changes.

Insurance & Indemnities

Specify required policies (general liability, employer's liability, completion bond), limits, named insureds, waiver of subrogation, and procedures for claims and loss allocation.

Termination & Dispute Resolution

Describe grounds for termination, remedies, cure periods, arbitration or court choice, governing law, and procedures for winding up and distribution after termination.

Step-by-Step: Completing and Executing a Co-Production Agreement

Follow these sequential steps to prepare, review, and finalize the agreement with minimal rework.

  • 01
    Draft: Assemble contributions, schedules, and IP clauses.
  • 02
    Review: Have counsel review creative and tax implications.
  • 03
    Negotiate: Resolve credit, costs, and recoupment language.
  • 04
    Execute: Collect authorized signatures and store executed copies.

Common Online Workflow Settings for Digital Completion

Configure your digital workflow to match required authentication, routing, and recordkeeping for the project.

Field Configuration
Signature Type Electronic signature with audit trail
Authentication Email link plus SMS code for added identity assurance
Routing Order Sequential signing: lead producer, co-producer, financier, counsel
Conditional Fields Reveal payment details only after funding confirmation

Typical Routing and Submission Flow

A clear routing sequence reduces signature delays and makes responsibilities traceable.

  • Prepare Document: Upload final draft and add signature fields.
  • Share With Parties: Send to authorized signers with required order.
  • Collect Signatures: Signers authenticate, review, and sign electronically.
  • Store Final: Save executed copies and audit trail in secure storage.

Digital Signing and Platform Considerations

Choose a platform that supports secure e-signatures, audit trails, and the authentication level your parties require.

  • Authentication Options: Email, SMS code, or advanced signer ID verification
  • Compliance Standards: ESIGN/UETA compliance and optional HIPAA BAA support
  • Integrations: Connectors to cloud storage and contract repositories

Verify platform encryption (TLS/AES), audit logs, and plan features such as bulk send or API access to match your project volume and compliance needs.

Key Dates and Typical Deadlines to Track

Track execution dates, delivery milestones, payment triggers, and insurance deadlines to avoid breach or delay.

Effective Date:

Date parties’ obligations and warranties begin

Production Start:

Target production commencement date in schedule

Delivery Milestones:

Dates for dailies, rough cut, final delivery

Payment Dates:

Deposit, interim payments, and final recoupment triggers

Insurance Evidence:

Proof of policies often due before production start

Project Milestones and Execution Stages

A milestone sequence helps coordinate contributions and conditional payments across partners.

01

Negotiation Complete

Parties agree on terms and sign heads of agreement

02

Agreement Execution

All authorized signers execute final contract

03

Production Launch

Principal photography or production activities begin

04

Final Delivery

Deliverables and rights transfers completed per schedule

Common Mistakes to Avoid When Preparing the Agreement

  • Failing to quantify in-kind contributions, which causes disputes over recoupment and profit shares later in the project.
  • Leaving credit and approval rights vague, leading to creative disputes and potential reputational damage among collaborators.
  • Neglecting insurance requirements or naming the wrong insured parties, which can leave production exposed to uncovered claims.
  • Overlooking tax and withholding implications for non-U.S. participants or misclassifying workers as contractors rather than employees.

Consequences of a Deficient or Incorrect Agreement

Breach Damages: Monetary liability and litigation costs
IP Disputes: Ownership challenges and injunctive relief
Termination Costs: Unrecovered expenses and penalties
Tax Exposure: Withholding and reporting liabilities
Loss of Funding: Financiers may withdraw or suspend payments
Insurance Gaps: Claims denied due to noncompliance

Comparison: eSignature Platform Pricing and Capabilities

Platform pricing and features vary; choose a plan that supports audit trails, required authentication, and any industry compliance (for example, HIPAA or 21 CFR Part 11) without exceeding your budget.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies Varies Varies Varies
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Frequently Asked Questions about Co-Production Agreements and eSigning

Answers to common legal, signing, and execution questions for co-production agreements executed electronically.


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