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IATSE International Low Budget Term Agreement

In 2007, the IATSE initiated the International Low Budget Term Agreement.

Numerous companies came to the IATSE seeking a low budget agreement.  These companies realized that they could only produce this product with IATSE members and needed a fair contract with IATSE.  The last contract expired December 31, 2006.  The successor agreement added jurisdiction over Canada so that the contract now covers all of IATSE's jurisdiction.  The conditions are uniform throughout the agreement.  The contract has “bump-up” provisions if the budget of the production exceeds the contracted limits.  The contract has a different benefit structure in Canada for obvious reasons due to the national benefit structure. Approximately 400 pictures will be produced per year under the contract.