Massachusetts Agreement for Use of Screenplay Material in Live Stage Performance
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How to fill out Agreement For Use Of Screenplay Material In Live Stage Performance?
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FAQ
An ?Option Agreement? usually comes in the form of two agreements: (1) the purchase of the right to buy the screenplay (the ?option?), and (2) the agreement for the sale of the screenplay that comes into effect upon the exercise of the option (the ?purchase?).
An option agreement is made between a writer and a producer and grants the producer an exclusive option to buy the rights in the writer's work. A ?shopping? agreement allows the producer to represent the work but gives the producer fewer rights than an option and typically lasts for a shorter period.
A Script Acquisition Agreement is entered into between a producer and an author, when a potential film producer such as a movie studio, a production company or an individual, wishes to purchase exclusive rights of a source material such as a book, play or a screenplay.
A screenplay is a written work for a film, television show, or other moving media, that expresses the movement, actions and dialogue of characters. Screenplays, or scripts, are the blueprint for the movie. A screenplay is written in a specific format to distinguish between characters, action lines, and dialogue.
A screenplay option is an agreement between you and another party in which you grant them sole rights to your script during the period dictated in the agreement; this usually ranges from six months to a year (although some option agreements can be for as long as eighteen months or the time can be extended).
The option price is the initial sum of money offered to acquire the rights and keep the screenplay off the market. This is traditionally 10% of the purchase price. You keep the option fee regardless of whether the interested party ultimately acquires the screenplay.