Security Agreement (Entertainment)

This California Security Agreement is used in conjunction with a Distribution Agreement. This agreement effectively gives the secured party a continuing right in debtor’s security interests in a motion picture. It effectively sets out the definition of the collateral (including intangibles, tangibles and proceeds) and the rights and remedies the secured party has under the California Commercial Code. It is imperative this type of Security Agreement be set out in writing and recorded with the appropriate entity if necessary. (continued ...)