Long-Form Contract
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| In one sentence | The full, detailed written agreement that spells out every single term of a deal, including all the fine print. |
|---|---|
| Category | Film and Television |
| Related | Deal Memo |
If a Deal Memo is like a napkin note capturing the main points of a deal, a long-form contract is the entire, carefully written rulebook that follows it. It is a complete agreement that includes every single contractual detail, including all the standard fine print that lawyers call "boilerplate."
Fun facts
- Long-form contracts for a single movie can run to dozens or even hundreds of pages once every detail is spelled out.
- Negotiating a long-form contract can take months, even after everyone already agreed to and signed a much shorter deal memo.
- Boilerplate might sound unimportant, but it often contains some of the most fought over language in the whole contract, since it covers what happens if something goes wrong.