Yes, a collaboration agreement is a legally binding contract that is enforceable under the law. When all parties involved willingly enter into the agreement, agree to its terms, and provide consideration (something of value exchanged between the parties), the collaboration agreement becomes a valid and binding contract.
Each party’s rights, obligations, and contributions should be clearly defined within the collaboration agreement to ensure a smooth and successful collaboration. The Film Industry Network strongly encourages members to create collaboration agreements anytime an artist allows or invites other parties to share thoughts on their body of work. A third party who enthusiastically provides notes and feedback on the first draft of your masterpiece, may inadvertently become a collaborator and part owner of your creation.
