But if you`re a screenwriter with an original script (or pilot film) and someone wants to produce your work, an option/sell deal is probably what you`re going to sign. The general idea of this type of agreement is that it allows the acquirer to “control” the rights to your script for an agreed duration at a set price. Often, the cooperation agreement provides that the remaining staff can continue the project and call on other parties to fill the void left by the lost employee. As a general rule, the outgoing employee (or his heirs) always receives a share of the money – usually half of his initial share when it is lost due to death or disability or a reduction negotiated in good faith in the event of voluntary resignation. However, the remaining staff would have full rights and retain all creative and commercial controls. In other words, here are my top six legal agreements on writing the screenplay: Of course, there will be many other provisions set out in an option/sell agreement, including rights to sue and remake, screen credits, bonuses, and much more. A purchase agreement is a simpler alternative to the more complex option/purchase agreement. While an option/sell agreement can be 8 to 12 pages long, a purchase agreement can only be one or two pages long. This brevity can also streamline the time and costs of negotiating such an agreement.
As a rule, the longest part of a cooperation agreement is the provision that defines the respective rights of employees that must be related to the provision of services when the project is developed and produced by the financier, production company, studio or any other buyer. A co-writing agreement is a partnership, both legally and socially. Just as it makes sense to define the boundaries, responsibilities, and expectations of a partnership before continuing the business, it`s a good idea to define the basics and work arrangements before writing about an author co-relationship. All of these questions, and more, should be considered and elaborated, who does what, what expectations are made of each co-author, and what to do if someone doesn`t pull their weight. I know it seems counterproductive to stop at first, with everyone who is happy and willing to participate in the project, but believe me, negotiations are much easier when everyone is happy. And to make sure that everyone is on the same side, and that there is from day one a complete understanding of everything related to it, it will be so much easier to deal with every other day, especially those bad days. Below I will address the main issues that team members need to discuss and address in their cooperation agreement. . .