Frequently Asked Questions: Acting

Answers from Mark Litwak, Attorney At Law



DISCLAIMER: The information provided here is intended to provide general information and does not constitute legal advice. You should not act or rely on such information without seeking the advice of an attorney and receiving counsel based on your particular facts and circumstances. Many of the legal principles mentioned might be subject to exceptions and qualifications, which are not necessarily noted in the answers. Furthermore, laws are subject to change and vary by jurisdiction.



Question: What are the most important issues to have clearly stated with a letter of intent when enlisting a name actor onto project so that you can go raise capital? Who are the best individuals to speak with in regards to finding the value of an actor in terms of raising capital?



Answer: The letter of intent merely states that the actor intends to do the film if various conditions are met: the rehearsal and shoot are convenient for their schedule; you reach terms on compensation, etc. It is not a binding contract and will only impress unsophisticated investors. The best way to determine the value of an actor is to speak to distributors who sell films worldwide. You can also consult such reference sources as The Ulmer Guide.