A deal memo template is a document used by two parties who are forming a mutual agreement related to their businesses. Considered a legally binding document, deal memos are also legal memos that are a part of an employment agreement. It is mostly used by production companies as a part of their employment contract in which terms and conditions, policies, and agreements are clearly stated and are all acknowledged by the involved parties.
FREE 10+ Deal Memo Samples
1. Sample Deal Memo Template
2. Deal Memo Employment Agreement
3. Crew Member Deal Memo
4. Standard Deal Memo
5. Company Deal Memo
6. Director Deal Memo
7. Photography Deal Memo
8. Basic Deal Memo
9. Cast Deal Memo
10. Production Deal Memo
11. Start Form Deal Memo
What is a Deal Memo Template?
A deal memo template is a downloadable document and can be customized according to an individual’s needs such as dividing it into sections that provide all the basic information about an agreement between two parties. This template also helps in ensuring that both the information and its outline can be easily understood by the involved parties who must indicate their signatures to prove that they acknowledge its content.
How Can I Make a Deal Memo?
Memo writing is done for various reasons such as formal memorandums, confidential memos, business memos, company investment contracts, management memos, and more. Deal memos often lead to a full contract and are used to accelerate the negotiation process between the production team and their employees. If the production team and employee want a contract cancellation, they are also agreeing on giving up any benefit they are entitled to receive once the contract is done.
Step 1: Determine the Employer’s Important Information
Your deal memo should clearly determine who is the employer by providing the necessary information about them such as the name of their production company, the producers, its corporate address, contact details, and more. You also need to include the employee’s information such as their name, job title, and a description of the responsibilities they have to do.
Step 2: Describe Salary, Overtime, and/or Travel Details
The deal memo should also describe the details of the employee’s salary, overtime, and/or travel details. The employee should be informed of how much they will be paid in a specific period of time, the exact period when they’ll be working for the job, and be provided with tickets and accommodations during their travels.
Step 3: Draft the Employment Terms
Including the terms of employment is also one of the most important steps in deal memo writing. It should specify the start and end dates of the film project, whether the employee will be working for the entire project or they’ll only be working weekly, daily, or hourly, and the necessary action plans if there are cancellations or postponements.
Step 4: Terms for Deferred Salary
Although it is not a part of an agreement, it is important that the employees are confident that they’ll receive their payment in a timely manner.
When can I use a deal memo template?
You can use a deal memo template to document the terms and conditions as well as the role that an actor agreed to play in a film, when casting members for the movie, securing and copyrighting content, recruiting an entire crew, and signing a deal between an employer and employer.
What are the parts of a crew deal memo?
A crew deal memo does not only protect the employee but also the production company. A crew deal memo has various parts depending on the template you are using, but most of them include the general information of the company, form of payment, terms and conditions of employment, travel details, food and provisions, payment schedules, expendables and purchases, production company equipment, and more.
What is the importance of using a deal memo?
A deal memo states the terms and conditions that the two involved parties are agreeing to as well as their signatures to confirm the written agreement. It also serves the purpose of confidentiality and security when creating a movie or any film project.
Using a deal memo template or a crew contract is not as complicated as one would think but it also provides protection for both the crew members and the production company from any misunderstandings or disagreements. To ensure a mutual agreement between parties, it is important to create a deal memo that both you and your team can easily understand and agree upon.
FREE 9+ Videography Contract Samples
FREE 7+ Sample Legal Memo
FREE 6+ Sample Confidential Memos
FREE 6+ Sample Legal Memo
FREE 5+ Investment Memo Samples
FREE 5+ Film Investor Contract Samples
FREE 5+ Sample Credit Note
FREE 46+ Sample Action Plan
FREE 13+ Business Memo Templates
FREE 10+ Videography Contract Templates
FREE 10+ Business Progress Report Samples
FREE 10+ Hair Stylist Contract Samples
FREE 9+ Contract Cancellation Letter Samples
FREE 5+ Music Agreement Contract Samples
FREE 3+ Event Management Agreement Samples