![]() ![]() Does the agreement address all of the possible situations which may arise? It's also good to have contingency plans.Generally, you will want to keep two things in mind when entering or writing a business contract: ![]() ![]() Even if it's a family member (some would argue especially if it's a family member), the business contract should protect your own business interests first and to do so you'll need to familiarize yourself with some guidelines on how to write a business contract. Don't fall into the trap of entering into agreements haphazardly or with complete trust of the other party. If this is not possible, having a provision allowing the filmmaker or producer to change characters would allow them flexibility and a prevent issues that could derail the entire project.Entering into a contractual business relationship with another party is a serious task and should only be entered into after giving real thought about the relationship you want. It would also be beneficial to get releases from the subject’s family members or anyone else that might be an essential part of the project. Sometimes LRAs grant the subject the right to approve the project, again giving the subject a measure of control over how their story is being told.The filmmaker or producer should be given the rights to fictionalize or change names of characters. This can work well for both parties because the subject is still included and may draw attention, while the filmmaker or producer still maintains all exclusive rights to the story. Other provisions could require the subject to make public appearances and participate in marketing efforts for the project. This helps to ensure that the subject of the life story does not grant others the right to produce adaptations of their story. That is, that a person has the right to prevent unauthorized commercial use of their name, likeness, and other recognizable aspects of their life.Why do you need an LRA?If you are the one trying to tell a story, an LRA decreases the possibility of a lawsuit in connection with your project. ![]() Getting permission to tell a person’s story is important, as every state recognizes a person’s “”. But in the middle of your excitement and creative rush, it hits you: “Maybe I need to get permission first, but how?” Here is what you need to know about Life Rights Agreements and how they can help you develop your project and minimize the risk of problems down the road.What is a Life Rights Agreement?Simply put, a Life Rights Agreement (LRA), also called a Life Story Agreement, is an agreement that grants a person or company the right to purchase and develop someone else’s life story into some type of media. You are a creative person who has found out about someone with a compelling story, and you’d like to develop a book, TV show or film based on their life. ![]()
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