Tv Option Agreement
Category : Uncategorized
Credit: If the production is not guild or if the optional property is not a scenario (for example. B a book, an unpublished manuscript, an article, etc.), credit is determined by negotiations between the parties. However, if the optional ownership is a scenario of a syndicate member produced by a guild signer, the credit is settled in accordance with the rules of the WGA (Writer`s Guild of America). The option agreement also provides for an “option payment”, which is the amount to be paid to the author in return to give the producer the privilege of using the author`s script for development purposes. Depending on the negotiating strength of each party, this can range from a very small amount (for example. B a few hundred dollars, or even a dollar) to a larger payment (tens of thousands of dollars). If the other party wishes to extend the option period for an additional period, additional payments would be provided to the author. In most cases, this additional payment is negotiated as larger, even if the first payment is small. Unlike an option agreement, a purchase agreement does not confer rights on the producer in the property itself.
In this respect, a purchase contract is in principle a contract for services and not a contract for the purchase of property. In the absence of property rights, a purchase contract is probably easier for the owner to violate and therefore offers less protection to the producer. An owner could go behind the producer`s back and sell the rights to another party. The producer would have no choice but to assert a right to the infringement.