A contract between an actor and a production company is a legally binding document that serves to define the roles, rights, and responsibilities of both parties. It outlines what services will be provided by the actor in exchange for compensation. This includes payment for rehearsals, performances, speak times, copyright share, and any other rights retained by the actor. Such agreements provide protection to each party, ensuring their expectations are met. More importantly, they serve as a way for actors and producers to come together and create something amazing!