Before we get into today’s #terminologytuesday, we can’t reiterate enough how important it is for actors to take an active role in understanding and shaping your deals.
𝙄𝙣 𝙤𝙧𝙙𝙚𝙧 𝙩𝙤 𝙝𝙖𝙫𝙚 𝙘𝙤𝙣𝙩𝙧𝙤𝙡 𝙞𝙣 𝙮𝙤𝙪𝙧 𝙘𝙖𝙧𝙚𝙚𝙧, 𝙮𝙤𝙪 𝙢𝙪𝙨𝙩 𝙝𝙖𝙫𝙚 𝙖 𝙬𝙤𝙧𝙠𝙞𝙣𝙜 𝙠𝙣𝙤𝙬𝙡𝙚𝙙𝙜𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙛𝙪𝙣𝙙𝙖𝙢𝙚𝙣𝙩𝙖𝙡 𝙘𝙤𝙣𝙘𝙚𝙥𝙩𝙨 𝙤𝙛 𝙩𝙝𝙚𝙨𝙚 𝙙𝙚𝙖𝙡𝙨.
Today, we’ll break down an important and frequently used term: 𝘧𝘢𝘷𝘰𝘳𝘦𝘥 𝘯𝘢𝘵𝘪𝘰𝘯𝘴.
Most favored nations (or most commonly known as just ‘MFN’) means that you are getting equal contractual treatment to others on a project – billing, accommodations, and any other contractual deal point.
An MFN agreement can also be a mechanism to allow a highly paid actor to perform for a lower fee without damaging the actor’s perceived market value. Reps can reasonably argue that their client took a lower fee because they were passionate about the project and, because it was MFN, no other actor was paid more.
When presented with your own MFN offer, there are some questions that you should consider if you’re negotiating your own deal:
1. Is it MFN only for your up-front compensation, such as an episodic fee or a weekly rate?
2. Is it MFN regarding the placement of your credit?
3. Is it MFN for your dressing facilities, travel, per diem, car allowance?
In short, you’ll want to know if your agreement is MFN for all contractual terms or only certain ones.
#themoreyouknow #thecastingdirectorscut #terminologytuesday