Five Star Payment Service
Standard contract and intellectual property templating that makes doing business so much easier
Invoice production and payment processing that reduces administration for everyone
Payment processing that sets aside money for the Filmmaker and releases payments when the Producer is satisfied
Dispute resolution service that provides comfort to Producers and Filmmakers
Buyer satisfaction program that helps Producers quickly solve any issues
At MyFilmmaker.com, Producer and Filmmaker agree that payments are made as follows, and that MyFilmmaker.com assists if necessary (see Five Star Plan Policy for details):
Producer pays MyFilmmaker.com 50% of project price ("Deposit")
Filmmaker submits a well developed version of the film (either a "Rough Cut" or "Fine Cut")*
Producer accepts or declines submission within two weeks of receipt, otherwise submission is deemed to be accepted
Producer gives Filmmaker feedback to improve film within this period
Filmmaker proceeds to complete and deliver Final Version of the film
MyFilmmaker.com makes payments to Filmmaker net of MyFilmmaker.com fees
If the Filmmaker cannot satisfy the Producer with Rough Cut or Fine Cut:
MyFilmmaker speaks with Filmmaker and Producer to determine alternatives
MyFilmmaker.com engages another filmmaker to produce another Rough or Fine Cut
If second filmmaker's submission satisfies the Producer, Myfilmmaker.com pays the second filmmaker
Second filmmaker completes and delivers Final Version
If second Filmmaker Rough Cut is unacceptable to Producer, MyFilmmaker.com arbitrates in accordance with MyFilmmaker.com Marketplace User Agreement and Policies.
* Rough Cut - This is the point in the editing process at which the majority of footage has been trimmed and the video is complete in its narrative flow but has some rough edges. Typically, there are no finalized titles and graphics, no special effects and audio mix has not been completed.
Fine Cut - At this point in the editing process, the film has been well-tuned and includes titles, graphics and special effects. No major changes remain.