This sample Film Loan Agreement letter should be used on a very low budget or no budget film when the film maker or film makers wants to borrow a small amount of money from a private individual (not a bank or government agency or funding body). The loan is not due for repayment until the film earns revenue and it is intended to be interest free until a specified repayment date.
This sample letter agreement contains the important terms which the parties need to consider and agree to including, the lender?s and borrower?s rights and obligations, repayment dates, interest rates, security and copyright.
This agreement can also be purchased as part of the Film/Video Sample Agreements Pack – Option A (Low Budget) for a discounted price.
NOTE: Arts Law strongly recommends legal advice be sought on the agreement you have drafted based on this template before you sign or rely upon it. If the agreement is changed this may affect its legal accuracy. All changes should be checked with a lawyer. Contact us for legal advice here.
