The producer is responsible for all aspects of the television series production, including the financial aspects. It is important that he works out a Television Series Production Agreement with his team including director, actors and writers, before commencing production.
It is important to know about the various techniques and knowledge of television series production. Ignorance may affect the television series and may involve some financial risk. All the financial aspects are handled and looked after by the producer therefore to avoid any future hassles with the team; a Television Series Production Agreement is signed. The producer also has to make sure that the series or project is produced within budget. It is his duty to manage distribution and publicity of the project.
The main purpose of this agreement is to establish a working relationship between the producer and the television channel.
The contract consists of several clauses, including basic duties and responsibilities, contact details of both parties involved, mode of payment, commencement date, and the date on which the contract expires. It also includes terms and conditions and discretion clauses in order to ensure fair play for both parties involved.
As mentioned earlier, this agreement is important because it lays down the rules by which both parties must abide by in order to ensure smooth functioning of their business relationship. In case either party feels that there has been breach of contract or any kind of dispute arises between them, an out-of-court settlement may be done on the basis of these terms and conditions and other clauses mentioned in this agreement.