United Artists Corporate Minutes (Jan-Dec 1947)

Record Details:

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Ps ee 1s ~ RESTRICTED FUNDS Should the free withdrawal, of funds from any foreign country be restricted by any governmental action and should the withdraval of only part of such funds be permitted and it then becomes necessary to allocate such withdrawals, Producer agrees that United may adopt such formulae of allocation between its producers as United may deem advisable, wise and reasonably necessary, and Producer ugrees to accept any snel formulae of allocation as binding and eonclusive. : STATEMENTS United shall accefnpany each payment with settlement statements. Any error or omission contained fh any sueh-statement may be corrected by Driited in any subsequent statement. ADJUSTMENT United shall adjust any overpayment or underpayment and make such adjustments on a subsequent payment and settlement statement which will be furnished by United to Producer. UNITED'S BOOKS AND RECORDS ., United will keep books of account and records of the distribution, marketing and exhibition of each motion picture marketed by it hereunder, which books and_records shall he open to the inspection of Producer, a regular employee of Producer or its representative if such representative be a Certified Public Accountant, and Producer or its representative shall be entitled to make an examination thereof and take extracts therefrom. The aforesaid right of inspection, however, does not entitle Producer to examine any records, documents, contracts or books of account or entries therein pertaining to any other producer or to any motion picture other than a motion picture delivered hy Producer hereunder. MONEYS DUE UNITED In the event that there be any moneys due to United from Producer which United is unable to deduct from any moneys due Producer hereunder, Producer agrees upon notifieation in writing thereof to pay forthwith such moneys to United. me Fi