The agreement establishing a programming agreement :
1° Designates a member to act as the lead company;
2° Provides that the lead company is delegated the task of entering into contracts with distributors of cinematographic works on behalf of all the members of the agreement and that this delegation is accompanied by financial responsibility for the proper performance of contracts or, failing this, joint and several liability on the part of each of the members of the agreement for commitments entered into with distributors of cinematographic works;
3° Provides for a general meeting to be held at least once a year, at which a moral, administrative and financial report on the previous financial year is examined.