In addition, producers usually insert a disclaimer into the location agreement that any depiction of the location is fictitious and that such a filmography does not necessarily reflect the actual location. From the filmmakers` point of view, it is very important that the company agreement is designed to ensure that the filmmaker retains full control over the management of the company. As films are very personal to the filmmaker, the company agreement should contain an “emergency plan” which, as the name suggests, should define the safeguarding plan and the consequences in case for any reason the filmmaker is unable to complete the project. In both scenarios, an author`s agreement is a great option for hiring an author, but producers should exercise caution when hiring authors belonging to the Writer`s Guild of America. When developing author agreements for WGA authors, producers should take into account additional protections offered by the WGA to authors. Finally, the company agreement should define all the structures for the repayment of investments and incentives, as well as the royalties paid to Umbrella LLC for the management of the film project. While the corporate agreement is not a substitute for financial disclosure documentation, the two documents will be very similar in many ways.. . .