The primary purpose of drafting a Movie Production Agreement is to record the terms and payment details for film production that will be provided. Short Project Agreement.A refundable tax credit program that allows production companies the opportunity to recapture a percentage of qualified production expenses spent in Arizona. Has paid residents of Arizona a total of at least five thousand dollars for work on the preapproved Motion Picture. iv. A movie contract is a legally binding document between the parties for producing a particular film or movie as per the laws of the US. I'm going to take you through my production contract the one that I use successfully in my business and I'm going to walk you through it. Requested an installment payment agreement; or. It is always preferable that the sponsor or contractor use one of the University of Arizona's standard agreements.