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Intellectual Property, Copyright, Contract Law

As a law firm working for enterprises in the advertising industry Romis Film gives advice on a regular basis to the leading players in the media sector. Our practice in this regard covers predominately the following issues:
- The preparation and review of agreements regarding production, financing and distribution of films and television programs and also co-production agreements. In this regard, we have gained significant experience in drafting and reviewing film distribution agreements with American and other foreign and domestic right holders.
- The preparation of copyright license agreements (films, television programs).
- Advice and legal representation concerning all aspects broadcasting activity.
- The preparation of filming contracts and performer contracts.


Consulting

The office provides a broad range of general consulting services primarily to its domestic and international partners dealing with motion picture production. In the framework of these general consulting tasks, the company has participated in developing a type of contract for film production activities for international customers, which allows for tax optimisation; establishing international subsidiaries of domestic film producers;
- elaborating the system of relationships between the parent company and the subsidiary, which optimises their business processes; preparing Hungarian film producing companies for sale;
- and has prepared a number of studies about the possibilities for introducing special activities of the film industry in Hungary, which are still novelties here (completion bond, online film industry database, etc.)


Complex production administration services

- Preparation of complex feasibility recommendations countersigned by experts for the sponsors to secure sponsoring, and provision of continuous consultation and advice; promotion and facilitation of financing agreements between sponsors and the Producer;
- Preparation of a trial balance and financial plan in a breakdown corresponding to film industry activities based on the budget compiled by the Producer, required for processing planned and actual figures;
- Carrying out the process of registration of productions by the National Film Office based on the Producer's authorisation;
- Bookkeeping of planned and actual figures of Productions (production accounting), operation of a management information system, and in connection with this, preparation of the reports requested by the sponsors, the Producer and any other organisations providing the pre-financing, as well as continuous updating of the documentation in the required breakdown (Trial Balance, Financial Plan) required for this;
- Compilation of the reports required for audits of actual figures - carried out by the National Film Office - after a given production phase is closed, participation in carrying out the audit;
- Continuous liaison with the organisation providing accounting services for the Producer in order to harmonise production account and corporate accounting and to screen redundancies;
- In case of deviations from the plans, preparation of recommendations and expert opinions related to the written reasons prepared by the Producer for sponsors and any other financing organisations, and related continuous consultation and advice.



Making use of tax benefits, financing

The services provided under the umbrella of this cooperation include pre-qualification of the given motion pictures from film industry and financial aspects, the operation of a controlling and reporting system that serves the interests of both sponsors and investors, and promoting the securing of film production subsidies providing tax benefits to productions.

 
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