#contract negotiation

[tnperkins]

[girlwithapinkhelmet]

I’m sure Carlos Sainz is also tired of so called journalists asking the same stupid question every single race weekend.

[archaalen]

Breaking News

[razorsign]

Finding contract negotiations bitter? Take a sip of ease with RazorSign. Transform the taste of your contract experience into a smooth, delightful journey!

[lenbryant]

WGA Strike Is On!

(LATimes) A festering dispute over how writers are compensated in the streaming era came to a head Monday night, as leaders of the Writers Guild of America called on their members to stage Hollywood’s first strike in 15 years.

The boards of directors for the east and west coast divisions of the WGA voted unanimously to call a strike effective 12:01 a.m. Tuesday, the union said in a statement.

Thousands of WGA members were set to walk picket lines across Los Angeles, New York and other cities on Tuesday after the union was unable to reach a last-minute accord with the major studios on a new three-year contract to replace one that expired Monday night.

“The companies’ behavior has created a gig economy inside a union workforce, and their immovable stance in this negotiation has betrayed a commitment to further devaluing the profession of writing,” the WGA said in a statement. “No such deal could ever be contemplated by this membership.”

In a statement, the Alliance of Motion Picture and Television Producers said it offered “generous increases in compensation for writers as well as improvements in streaming residuals.” The alliance, which bargains on behalf of the major studios, said it was prepared to improve the offer but was “unwilling to do so because of the magnitude of other proposals still on the table that the Guild continues to insist upon.” The alliance said primary sticking points included the guild’s demands over mandatory staffing levels and duration of employment.

Writers are seeking a larger slice of the streaming pie that has dramatically transformed the television business. They voted by a historic margin in favor — 98% to 2% — of granting a strike authorization sought by their leaders if they couldn’t reach a deal on a new film and TV contract on behalf of 11,500 members.

The walkout, which could last for weeks or months, is expected to halt much of TV and film production nationwide and reverberate across Southern California, where prop houses, caterers, florists and others heavily depend on the entertainment economy. The previous writers strike in 2007 roiled the industry and lasted 100 days.

The walkout will also mean temporary job losses for crew members and comes at a difficult time for the Los Angeles region, where many businesses are still attempting to recover from the effects of the pandemic and major employers are slashing payrolls. Hollywood studios have laid off thousands of workers as Wall Street investors punished them for losses linked to their streaming businesses. 

Even before negotiations between the WGA and the Alliance of Motion Picture and Television Producers began on March 20, many in Hollywood believed a strike was inevitable because the sides remained so far apart on key issues even as the contract deadline loomed.

WGA leaders warned that their members faced an “existential” threat to their ability to earn a living in Hollywood. 

While streaming has been a boon for television, it has upended how writers are compensated. Writers say that they work longer hours for less pay and that they no longer can rely a steady stream of residual income they used to get in the days of broadcast TV, when shows lived on for years in syndicated reruns or the once-lucrative home video market.

The median weekly pay for writer-producers declined 23% over the last decade when adjusting for inflation, according to a WGA survey. When accounting for inflation, screenwriter pay declined 14% in the last five years, the report said.

The union has demanded compensation and other improvements valued at nearly $600 million, including increases in minimum pay, residuals for streaming and higher contributions to the WGA health and pension plan.

Additionally, the union wants to crack down on practices it says have eroded writers’ pay such as the prevalence of so-called mini-rooms, where small groups of writers on short-order series are hired to write out the arc of a show before it is commissioned, replacing the traditional practice of producing pilot episodes.

For their part, the major studios have said their goal is to reach a fair deal. They’ve cited their own set of challenges, including pressure from investors to cut costs and build profitable streaming businesses, a slowing national economy and long-term declines in box office revenues. Amid the upheaval, companies such as Netflix, Warner Bros. Discovery and Disney have laid off thousands of employees. 

“The AMPTP member companies remain united in their desire to reach a deal that is mutually beneficial to writers and the health and longevity of the industry, and to avoid hardship to the thousands of employees who depend upon the industry for their livelihoods,” the alliance said in a statement.

It’s uncertain how long such a walkout would last, particularly if there is no unifying leader to corral both sides as there has been in previous strikes. In 2008, it was Walt Disney Co. chief executive Bob Iger and then News Corp. President Peter Chernin who united both sides. 

The shifting nature of the AMPTP has also complicated the picture because of the varied interest of its members. Now technology companies like Amazon and Apple, whose core business is not entertainment, have a seat at the table alongside Hollywood-focused companies such as Walt Disney Co., Paramount Global and Warner Bros. Discovery. Netflix, which was just a mail order DVD business during the last strike, also is a key member of the bargaining alliance.

Studio executives have said they didn’t want a strike but prepared for the outcome. 

“A strike will be a challenge for the whole industry, everybody involved,” Warner Bros. Discovery Chief Executive David Zaslav told attendees at a MAX presentation. “We’re assuming the worst from a business perspective. We’ve got ourselves ready. We’ve had a lot of content that’s been produced.” 

Warner Bros. Discovery and studios have been taking various contingency measures for months in case of a strike, including accelerating deadlines for scripts and film shoots. 

The impact of a strike on the major studios will vary. Some have a deep library of shows and films on hand that they can offer to keep viewers watching. 

Netflix may have an advantage over other studios because it has a big international production presence. Many of its most popular shows and films stem from countries like South Korea and Thailand. 

In an April earnings presentation, Netflix co-Chief Executive Ted Sarandos said the company wants to avoid a strike but that if there is one, the streamer has enough content that it can “probably serve our members better than most” entertainment companies, he said.

“An extended strike that lasts three-plus months should meaningfully advantage Netflix,” said Rich Greenfield, a co-founder of LightShed Partners, a technology and media research firm in New York, in an April research note. 

The reduction in costs from not having to produce shows could actually benefit studios, some analysts suggest. 

For example, studios could use the work stoppage to terminate costly contracts with writers through so-called “force majeure” clauses that allow a studio to terminate the deal if there is a labor action that lasts for a set period of time. 

“While we would not expect Warner Bros. to terminate its deals with star writers such as Chuck Lorre or Universal with Dick Wolf, there are lesser known writers who struck overall deals with studios that do not make economic sense today,” wrote Greenfield. 

Although the WGA strike has drawn widespread support from other Hollywood unions, a protracted walkout will cause hardships for a wide swath of workers. During the last strike, many of those who lost their jobsm such as set decorators, lighting technicians and makeup artists, did not get their work back as studios scaled back production. The 2007 strike cost $772 million from lost wages for writers and production workers, according to the Los Angeles County Economic Development Corp. 

The WGA has a strike fund to provide grants or loans to help its members make ends meet during a stoppage. The WGA had $19.8 million of assets in its strike fund as of March 31, 2022, according to its latest annual report. 

Times staff writer Meg James contributed to this report.

[bostonbakedbean90]

Don better pay the man!!!

[archaalen]

Here's the union's website discussing their strike authorization:

If you love Disney, its parks, its media, and its merch, listen up.

So I work for Disneyland, and we are talking about striking very soon. So soon, in fact, that we've been hosting rallies just outside of the parks. Yesterday was the 69th birthday of Disneyland Anaheim... it was also a monumental rally.

I haven't seen anyone on tumblr talking about the impending strikes against Disney. Not even going through the Disney tags or searching tumblr for "Disneyland Strike."

Let's talk about why we're striking:

Cost of living in the immediate SoCal region is nearly 2x as much as we are getting paid.

Cast members that have worked for the company for long periods of time are still paid as mucha s new hires.

Disney has showed up to union negotiations with insulting offers, including at 25 cent raise. Most cast members make $19.90

Disney rarely schedules you. In some areas and departments, you are fighting with your fellow cast members for hours. I have heard of cast members who are only scheduled for 1 4-hour shift per week. Many of those cast members have upwards of an hour commute to and from work.

Disney Admin has told attractions castmembers [so: rides, rollercoasters, and anything fun you get to do and see at the parks] that we are losing them money, which is why they refuse to schedule us and pay us. In the words of my partner, who also works at the parks, Disney without attractions is an over glorified mall and a food court. Disney needs us, and they know it, but they do not respect us.

Disney has an unfair attendance policy. It can be very difficult to get a needed day off, even when it has been requested weeks or months in advance. When you do take a day off [with-out accrued sick or vacation time] it counts against you. You can have 3 a month, 6 in 90 days, 9 in 180 days, or 12 in a year. How do you accrue sick/vacation? Hours worked, which can be impossible with the scheduling practices mentioned above. (Most cast members trade shifts among themselves to get around this.)

Cast members feel unsafe and unsupported in the parks. Many cast members have felt threatened by entitled guests upset that they are following policy. Disney Leads and Managers have to say yes to these guests and make things happen, though. [Which only makes this behavior worse and more dangerous for cast members who are only doing their job.]

Cast members also report feeling threatened, or even being literally threatened, by management in the parks. Especially cast members who have a second job. Especially cast members who know their rights.

Further, cast members work in hazardous conditions with pay that does not reflect that. Many cast members report losses of hearing, sore throats, and severe back and shoulder pain. Cast members are also exposed to infectious diseases at a much higher rate.

https://www.sfgate.com/disneyland/article/union-button-contract-dispute-19515296.php?fbclid=IwZXh0bgNhZW0CMTEAAR2u5o_mvU3i6jpIyHxBUZpEzD2GRSKFf5Pem4uRXqa6vKWDgZuffvINd1g_aem_AA1L0fI1phugJIluYMcDSw

[advisedskills]

Strategies for Effective Contract Negotiation Outcomes

Negotiations can be a game-changer for your business deals. 🌟 Our latest blog post, "Strategies for Effective Contract Negotiation Outcomes" explores essential techniques to help you navigate negotiations with ease and confidence.

Whether you're sealing a new partnership or renewing an existing contract, these strategies will ensure you achieve outcomes that benefit all parties involved.

Dive into tips on preparation, understanding the other party’s perspective, effective communication, and closing the deal successfully. Empower yourself with the knowledge to make every negotiation a stepping stone to greater business success! ✨

🔗 Check out the full article at https://www.advisedskills.com/blog/business-skills/strategies-for-effective-contract-negotiation-outcomes

[dailyplanet-loislane]

Thinking of becoming an extra? Here's what you need to know about contracts and legal protections.

[amethystamaris]

Comprehensive Umbrella Partnership Agreement for Artists

Introduction If I was to sign a deal, this is the only deal I’d build on. In today’s music industry, artists need more than just talent to succeed—they require contracts that protect their creative rights and ensure fair compensation. My extensive experience in helping artists secure favorable agreements and working with industry executives has highlighted the need for a new approach to artist…

[lornainthewoods]

I think 50% is more than fair in this economy. I mean really, that salary probably won’t even cover rent.

They stopped replying.

[legitt-ai]

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[archaalen]

Boeing's 'final' 30% pay hike offer isn't good enough, union says

[fawziamlaw]

Hire the Top Corporate Lawyer Services in Dubai

Are you looking for expert legal guidance for your business? Fawzia Mohammad Lawyers & Legal Consultancy offers premier corporate lawyer services in Dubai. From contract negotiations to compliance, our experienced team ensures your business thrives within the legal framework. Contact us today to know how we can help you.

[razorsignclm]

Streamlining Your Workflow Compliance From Contract Creation

In today's dynamic business landscape, effective contract management is crucial for organizations to mitigate risks, streamline processes, and maximize operational efficiency. From contract creation to renewal and disposition, every phase of the contract lifecycle demands meticulous attention and strategic planning. In this blog, we'll delve into the various phases of the Contract Lifecycle Management (CLM) workflow, exploring how each stage contributes to the seamless management of contracts and the role of technology, such as RazorSign, in simplifying and optimizing these processes. 

Contract Creation 

Contract creation involves gathering and putting together all the facts and information required to produce a legally binding business arrangement. This initial phase is a potent tool to help with contract management. The journey begins with the creation of contracts, where meticulous attention to detail is paramount. Whether drafting agreements from scratch or utilizing contract templates, it's essential to ensure that each document accurately reflects the terms and conditions of the agreement.  

With CLM platforms like RazorSign, intake forms streamline the information-gathering process, facilitating efficient contract generation while adhering to best practices for contract administration. Additionally, standardized templates and clause libraries can significantly speed up the drafting process while ensuring consistency and compliance with company policies and legal standards. 

Negotiating and Collaborating on Contracts 

Contract negotiation is a pivotal phase where parties engage in discussions to finalize the specifics of the agreement. Traditional negotiation methods, often reliant on email exchanges and document redlining, can lead to version control issues and delays. CLM solutions offer a centralized platform for collaboration, ensuring version control, document sharing, and real-time visibility into the negotiation process.  

Furthermore, features such as collaborative editing, automated version tracking, and audit trails help in maintaining a clear record of changes and contributions, reducing the risk of disputes and misunderstandings. 

Streamlining Success: The Evolution of Contract Lifecycle Management 

 In the fast-paced world of business, the agility with which an organization manages its contract lifecycle can significantly influence its operational efficiency, risk mitigation strategies, and overall success. Effective Contract Lifecycle Management (CLM) transcends traditional paperwork, ushering in a new era of streamlined processes and technology-driven solutions. This blog explores the critical stages of the CLM workflow, highlighting the transformative impact of innovations like RazorSign in redefining contractual processes. 

Initial Drafting and Setup 

The journey of a contract from conception to conclusion starts with meticulous drafting. This stage lays the groundwork for a legally sound agreement, with a primary focus on precision and comprehensiveness. The advent of CLM technologies like RazorSign has revolutionized this phase by offering dynamic template libraries that adjust to the legal nuances of various jurisdictions and industries, ensuring that contracts are both standardized and customizable. 

Dynamic Negotiation and Collaboration 

Negotiation is the backbone of any contract, requiring a delicate balance between party interests. Traditional methods often fall short, plagued by inefficiencies like email chains and manual redlining. Modern CLM platforms transform this critical stage into a dynamic, collaborative environment. RazorSign, for example, streamlines negotiations with its real-time editing features and integrations, fostering transparency and accelerating consensus. 

Automated Review and Ratification 

Following negotiations, contracts enter the review and ratification phase, involving a variety of stakeholders. This used to be a time-consuming process, fraught with delays. However, with CLM tools, the approval workflow is automated, incorporating predefined rules that guide contracts through every necessary review, thereby slashing cycle times and bolstering compliance. 

Intelligent Contract Repository 

A centralized, secure repository for storing contracts post-signature is non-negotiable for ensuring compliance and facilitating audits. Modern CLM solutions are equipped with intelligent storage capabilities, featuring encryption, access controls, and advanced retrieval options. This not only safeguards sensitive information but also makes navigating vast repositories effortless. 

Enhanced Discovery and Tracking 

Robust search functionality and tracking mechanisms are indispensable for effective contract management. Tools like RazorSign offer AI-powered search capabilities that parse through contracts with ease, identifying relevant documents in seconds. Tracking features also enable companies to monitor milestones, renewals, and compliance requirements, ensuring nothing falls through the cracks. 

Proactive Contract Renewal and Termination 

Deciding whether to renew, amend, or terminate a contract requires a deep understanding of its performance and strategic value. CLM platforms offer analytic tools that assess contract efficacy, providing actionable insights that support informed decision-making. This proactive approach to contract lifecycle management ensures organizations remain agile and aligned with their long-term goals. 

Holistic Risk Management 

Identifying, assessing, and mitigating contract-related risks are critical for protecting organizational interests. CLM technologies have advanced risk management capabilities, including real-time alerts for deviations, comprehensive risk assessments, and predictive analytics. These features enable organizations to anticipate potential issues and address them proactively. 

The Road Ahead 

As digital transformation reshapes the business landscape, the role of effective CLM in fostering organizational resilience and agility cannot be overstated. In harnessing the power of CLM platforms like RazorSign, organizations not only streamline their contract management processes but also unlock strategic advantages that drive success. 

Investing in robust CLM solutions is more than a technological upgrade—it's a strategic imperative for businesses aiming to thrive in the competitive, ever-evolving business environment. Embracing these tools equips organizations with the agility, security, and efficiency needed to navigate the complexities of contract management, ensuring they remain one step ahead. 

Conclusion 

In conclusion, effective Contract Lifecycle Management (CLM) is integral to organizational success, enabling businesses to navigate the complexities of contract management with ease and efficiency. By leveraging technology-driven solutions like RazorSign, organizations can streamline contract processes, mitigate risks, and optimize contract performance throughout the lifecycle. As businesses embrace digital transformation, investing in robust CLM solutions becomes imperative to stay competitive in today's rapidly evolving landscape. With advancements in AI and machine learning, the future of CLM promises even greater efficiency and strategic insights, positioning organizations for sustained success.