Film Distribution Indemnity Agreement

Summary

The indemnity agreement between Pastel Fish Productions LLC and GRB Media Ranch, LLC outlines that Pastel Fish and other licensors are responsible for indemnifying GRB against most claims related to the production, except those due to GRBs gross negligence or willful misconduct. There is no specified financial limit for indemnification. If GRB is sued, Pastel Fish and other licensors must defend and indemnify GRB, provided the lawsuit isnt due to GRBs gross negligence or willful misconduct. The agreement includes confidentiality and compliance with California law.

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Does this contract mean that we are *% liable for any lawsuits against the the production?
Yes, according to the Indemnity Agreement, Pastel Fish Productions LLC (Licensor) is responsible for indemnifying GRB Media Ranch, LLC (Company) against most claims related to the production, except those arising solely from the gross negligence or willful misconduct of the Company.
Would the other licensors be liable as well or just Pastel Fish?
Yes, the other licensors who have agreed and accepted the Indemnity Agreement (Leah Olga Goldstein and Lori Jean Moger) would also be liable as they are included in the agreement.
Is there a financial limit?
Case Rating: *
The document does not specify a financial limit for the indemnification. The Licensor (Pastel Fish Productions LLC and the other licensors) is responsible for all claims, costs, and expenses arising from the production, except for those due to the Company's gross negligence or willful misconduct.
what happens if someone sues GRB
Case Rating: *
If someone sues GRB Media Ranch, LLC, Pastel Fish Productions LLC and the other licensors (Leah Olga Goldstein and Lori Jean Moger) will be responsible for defending and indemnifying GRB against the lawsuit, as long as it doesn't stem from GRB's gross negligence or willful misconduct.