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Simple English definitions for legal terms

formula deal

Read a random definition: variable annuity

A quick definition of formula deal:

A formula deal is an agreement between a movie distributor and a group of theaters to show a movie in all of their locations. The theaters agree to pay a percentage of the money they make from the movie to the distributor. This helps ensure that the movie will be shown in many different places and can be seen by a lot of people.

A more thorough explanation:

A formula deal is an agreement between a movie distributor and a theater chain, either independent or affiliated, to show a particular movie in all theaters at a set percentage of the national gross receipts earned by the theaters.

For example, a distributor might agree to a formula deal with a theater chain to show their latest blockbuster movie in all of the chain's theaters across the country. The deal might specify that the theaters will receive 50% of the national gross receipts earned by all theaters showing the movie.

This type of deal is beneficial for both the distributor and the theater chain. The distributor is guaranteed a wide release for their movie, while the theater chain is guaranteed a popular movie that will attract audiences and generate revenue.

formula | formulae

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

Dkk

19:26

It needs more alcohol. You tingle when your nerves need watering.

cheriebomb

19:27

try stretching it maybe to see what's up

windyMagician

19:27

stretches make me think it's just soreness

windyMagician

19:27

I'm sober lol

Dkk

19:38

Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.

llama

20:48

what.jpg @Dkk

CynicalOops

21:03

You think you just fell out of a coconut tree?

jackfrost11770

21:10

nope dk

llama

21:17

https://www.youtube.com/watch?v=z7_5nHIbsjo i love K Harris <3

CynicalOops

22:37

Calvinamala Harris

jackfrost11770

23:16

should i start using letterboxed again

Dkk

23:25

@jackfrost11770: if you want but like it aint for me

chickenburgahfart

23:39

dk do u ever eat at bk

Dkk

23:48

@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.

chickenburgahfart

23:51

bk so slept on

Dkk

0:23

I will take In N Out everyday over it when I can though.

texaslawhopefully

1:22

In N Out is not only the best fast food place, but the prices too are fantastic

Dkk

1:27

Indeed, indeed.

BulbasaurNoLikeCardio

7:51

@texaslawhopefully: best prices and only fast food that doesn't make me sick

chickenburgahfart

9:46

matt gaetz ethics report released

chickenburgahfart

9:46

paid for sex with a junior in high school

chickenburgahfart

9:46

guarantee people still defend him

BulbasaurNoLikeCardio

9:51

I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage

ImpartialLion

9:55

Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?

BulbasaurNoLikeCardio

9:58

I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing

SplitterusClitterus

10:04

Do we know if any of the t14 open at all this week

VolatileClumsyAcolyte

10:24

just called Fordham. they said there will be decisions going out today

VolatileClumsyAcolyte

10:24

so congratulations on pre xmas waves

BulbasaurNoLikeCardio

10:27

Hope schools are chill and just send As leaving the Rs for next month lol

soap

10:49

Fingers crossed for good luck today

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