Never know enough until you
ask an expert for advice on your individual businesses. The interview process
with Reginald Greene went fairly
well excluding the questions that he would of thought of broad and may meet
whatever is expected. The ideal business of my desire is a production company,
in this production company there is music and media production, photography,
web design, and management of young fresh talents. In order to maintain
protection from situations, whereas, there maybe damages to merchandise and/or
persons working with the company, attorney Greene suggested that these steps
are followed:
·
First make sure that you have your own insurance
policy
·
Second make sure that each person signs a waiver
or contract for liability insurance
When it comes to indemnification (to hold harmless), whom ever that
person working for you brings is his or her own responsibility. Indemnifying,
as stated in the Merriam
Webster Dictionary, is defined as protecting by promising to pay for the
cost of possible injury, damage, or loss.
A person can get sued in this type of business (productions) by
copyright infringement or the use of works that are already under
copyright. Some necessary liability
insurances needed for a production company are general liabilities, life
insurance, and one that I have never heard about for incorporations errors and
omissions policy.
Contracts are
contracts! So is whatever being pursued. If that contract pertains to the
individuals’ arts and talents, it may fit the needs of the individual. When the
need of the individual is met in a contract then the contract could be worth
agreeing to. However, Mr. Greene thought that this question was a bit broad. However,
he did explain long-term situations with contracts.
When recordings are
done in the studio, there are many ways to make sure that it is able for
distribution, one is copyright and the others are different levels of
registration. A question that I meant to ask but did not was what were the
different levels of copyright, but I guess that will be a discussion for
another time.
There is a way that the company could
avoid conflict issues of trademarks like discussed in the case of Panavision verses
David Toeppen in class. Due diligence is one of them. It is good to do your
research and back up all work that you do. Mr. Greene advised that this be done
at all times.
In conclusion, it is good to find
businesses that do what you do. Plan your strategies and consult with
appropriate professionals in your field. The advice received from Reginald
Greene was splendid and I believe it was worthwhile. In order to succeed, it is
necessary to gain knowledge of your expertise learning from others and gaining
insight from the real world.