In theatre, “recoupment” is a term of art that all knowledgeable persons in the business understand to have a specific meaning.
Clause & Effect: <b>'Recoupment' Defined In Agreements for Theatre Productions</b>
In theatre, "recoupment" is a term of art that all knowledgeable persons in the business understand to have a specific meaning. Simply stated, the concept is that the author, director or others involved in the play can be paid more after the play has started making a profit, which is the time when the investors could have recovered their respective investments. It has always been a good negotiation tactic, for example, to offer the author more after the play is making a profit. This tactic has saved many deals that could have fallen through.
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Donald C. FarberThis premium content is locked for LawJournalNewsletters subscribers only
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