As used in the Motion Picture Fair Competition Act:

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In New Mexico Statutes 57-5A-3

  • Contract: A legal written agreement that becomes binding when signed.

A. “theater” means any establishment in which motion pictures are regularly exhibited to the public for a charge;

B. “distributor” means any person engaged in the business of distributing or supplying motion pictures to exhibitors by rental, sale or licensing;

C. “exhibitor” means any person engaged in the business of operating one or more theaters;

D. “exhibit” or “exhibition” means showing a motion picture to the public for a charge;

E. “invitation to bid” means a written or oral solicitation or invitation by a distributor to one or more exhibitors to bid or negotiate for the right to exhibit a motion picture;

F. “bid” means a written or oral offer or proposal by an exhibitor to a distributor, in response to an invitation to bid or otherwise, stating the terms under which the exhibitor will agree to exhibit a motion picture;

G. “license agreement” means any contract, agreement, understanding or condition between a distributor and an exhibitor relating to the licensing or exhibition of a motion picture by the exhibitor;

H. “trade screening” means the showing of a motion picture by a distributor in the exchange center serving New Mexico which is open to any exhibitor interested in exhibiting the motion picture;

I. “blind bidding” means the bidding for, negotiating for or offering or agreeing to terms for the licensing or exhibition of a motion picture, if the motion picture has not been trade screened in the exchange center before any such event has occurred; and

J. “run” means the continuous exhibition of a motion picture in a defined geographical area for a specified period of time. A “first run” is the first exhibition of a motion picture in the designated area, a “second run” is the second exhibition and “subsequent runs” are subsequent exhibitions after the second run.