FREE 10+ Deal Memo Samples in MS Word | Google Docs | Pages | PDF

A deal memo template is a document used by two parties who are forming a mutual agreement related to their businesses. Considered a legally binding document, deal memos are also legal memos that are a part of an employment agreement. It is mostly used by production companies as a part of their employment contract in which terms and conditions, policies, and agreements are clearly stated and are all acknowledged by the involved parties. 

FREE 10+ Deal Memo Samples

1. Sample Deal Memo Template

2. Deal Memo Employment Agreement

3. Crew Member Deal Memo

4. Standard Deal Memo

5. Company Deal Memo

6. Director Deal Memo

7. Photography Deal Memo

8. Basic Deal Memo

9. Cast Deal Memo

10. Production Deal Memo

11. Start Form Deal Memo

What is a Deal Memo Template?

A deal memo template is a downloadable document and can be customized according to an individual’s needs such as dividing it into sections that provide all the basic information about an agreement between two parties. This template also helps in ensuring that both the information and its outline can be easily understood by the involved parties who must indicate their signatures to prove that they acknowledge its content.

How Can I Make a Deal Memo?

Memo writing is done for various reasons such as formal memorandums, confidential memos, business memos, company investment contracts, management memos, and more. Deal memos often lead to a full contract and are used to accelerate the negotiation process between the production team and their employees. If the production team and employee want a contract cancellation, they are also agreeing on giving up any benefit they are entitled to receive once the contract is done.

Step 1: Determine the Employer’s Important Information

Your deal memo should clearly determine who is the employer by providing the necessary information about them such as the name of their production company, the producers, its corporate address, contact details, and more. You also need to include the employee’s information such as their name, job title, and a description of the responsibilities they have to do.

Step 2: Describe Salary, Overtime, and/or Travel Details

The deal memo should also describe the details of the employee’s salary, overtime, and/or travel details. The employee should be informed of how much they will be paid in a specific period of time, the exact period when they’ll be working for the job, and be provided with tickets and accommodations during their travels.

Step 3: Draft the Employment Terms

Including the terms of employment is also one of the most important steps in deal memo writing. It should specify the start and end dates of the film project, whether the employee will be working for the entire project or they’ll only be working weekly, daily, or hourly, and the necessary action plans if there are cancellations or postponements.

Step 4: Terms for Deferred Salary

Although it is not a part of an agreement, it is important that the employees are confident that they’ll receive their payment in a timely manner. 

FAQs

Using a deal memo template or a crew contract is not as complicated as one would think but it also provides protection for both the crew members and the production company from any misunderstandings or disagreements. To ensure a mutual agreement between parties, it is important to create a deal memo that both you and your team can easily understand and agree upon.