Deferred Payment (Entertainment law) Law and Legal Definition

Deferred payment is generally a payment made in a future date of a current debt or dues. Deferred payment in entertainment law refers to a payment that is made to the members of a crew of a movie like the writers, directors, actors and others at a subsequent date. These payments are compensation for the services provided by them which they agree to accept later in order to cut the production costs. Such deferred payment will be made from the income generated from the exhibition of the completed movie. Deferred payment will not be possible if the movie is not completed or if it fails in the box office.