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Option Purchase Agreement (Short Form) 

Option Purchase Agreement (Short Form)

A literary acquisition contract is an agreement to acquire all or some rights in a literary property such as a novel or a play. Producers typically use it to obtain screenplays or movie rights to literary works.

Buyers, (e.g., producers) will want owners, (e.g., writers), to warrant that they own all the rights they are selling, free and clear of any other obligations (encumbrances). Sellers will disclose their copyright registration number so that buyers can check the copyright records and review the chain of title to ensure they obtain all the rights they desire.

Each agreement needs to define the extent of the rights being sold. Sometimes, all rights (the entire copyright) are sold. Other times limited rights, on either an exclusive or non-exclusive basis, are licensed.

Another point important to the buyer will be the unlimited right to make changes to the work when adapting it.

The literary purchase agreement will also contain an explicit provision stating that the producer is under no obligation to actually produce a film. The producer wants the right to make a motion picture but not be obliged to make the picture. This prevents the writer from forcing the producer into production.

This Option Purchase Agreement (Short Form) form is professionally formatted, prepared by a top attorney, can be easily modified, downloaded instantly, includes free customer support, and is backed by our 100% money-back satisfaction guarantee.

This Option Purchase Agreement (Short Form) also includes:

1. Instructions & Checklist;
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