Movie Making Manual/Equipment Timeshare Agreement
This is the Draft Agreement fot the FilmEquipmentTimeshare
- The Film Equipment Timeshare is a "for mutual profit" partnership the purpose of which is to enable members to pool resources and buy film-making equipment which the members then share.
- Each member will contribute an initial £X.00 to the partnership and pay an 1/5th X renewal fee each year.
There should be a buy in fee, this makes the members feel like owners making it more likely they will take good care of the equipment. The actual amount (X) will depend on the aims of each particular partnership. A collective wanting to make High Definition feature films will have a much higher buy in fee than a group whose members want to make gritty documentaries
- There will be a minimum of 3 and a maximum of 12 members.
Fewer than 3 and you can make do with a far simpler arrangement than this structure. More than 12 and the group becomes unwieldy and leaves little equipment time for each member. In this case Members would probably be better off renting.|}
- Members can be individuals, companies, partnerships, etcetera.
- Members may choose to manage the partnership in-house or appoint an external management member.
If a lot of these partnerships spring up there could conceivably be a central company/individual who looks after management of the diaries, the funds and equipment maintanence for all the projects.
- If Members choose to manage the partnership themselves they should elect a treasurer, a diary keeper, and an equipment maintainer. Members may hold more than one of these positions.
Purchase of Equipment
- Members should agree their aims and then assemble a list of equipment to meet those aims.
- Members can then purchase this equipment in any manner the partnership agrees.
Paying up front is simplest but the partnership will have a revenue stream so it could quite coceivably buy equipment on credit or borrow money to buy additional equipment in advance.|}
Use of Equipment