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Indian Film Overseas Distribution Contract Essay

4733 words - 19 pages

Indian Film Overseas Distribution ContractLaw has been defined in a number of ways. Before reading further let us thinks how we can define this, for our purpose, Law is a system of limitations imposed by the government upon our actions in order to ensure safety predictability and controlThe purpose of this case study is to introduce concepts involving the overseas distribution of Indian films.ContractsContracts are one of the important aspects of law, contracts are voluntary , binding agreements people or business enter in to in order to obtain something to which they are not otherwise entitled. For instance, if both the parties wish to obtain cleaning equipment, they would not be entitled to get it from a supplier simply because they want it, Rather they must negotiate with the equipment dealer to allow the purchase, agree on the terms, and in exchange, pay an agreed price. A and B are entering in to agreement to obtain something they would not otherwise be entitled to receive. The agreement, if it meets all necessary requirements, is called a Contract. A Contract must be supported by consideration. Consideration is a bargained -for legal detriment exchanged between the parties.Failure of one of the parties to the contract to perform as agreed results in breach of contract for which money or other remedies may be decided by a court. Those who breach a contract must be willing to pay the cost of doing so. Generally, that means putting the non-breaching party in the position that party would have been in has there been no breach.Assuming 4 STAR INC have been looking to expand in to the international market place both by taking rights for exporting Indian films around overseas and by offering their services to other countries. This study mainly focuses on knowing the ways of conducting international business by following international rules and regulations which they will encounter in conducting business in overseas marketIntroduction:-Most successful Indian film producers seek to expand their markets as 45% of Indian population lives outside the India and their option is to expand in to the international marketplace. If V4U Enterprises have been successful in this country, the next logical step would be to increase profits by expanding their distribution market.Selling the rights on the international market involves more than just shipping that product to another country. Distribution of Indian market to another country requires their knowledge of export regulations. However there is more involved than knowledge of export regulations. Whether a company dealings are with a large multinational enterprise( for which there are special consideration covered in this case study) or a relatively small business, competition for international dollars has enactment of rules and regulations that attempt to ensure that only companies that meet international standards for quality can be involved in international Business. If 4 Star Inc are to compete, then on...

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