Date of Agreement:
Between: [Company 1] (hereinafter called “Grantor”)
[Company 2] (hereinafter called “Producer”)
- Property: feature film script materials (all existing drafts) presently known as “[Project Title]” (the “Property”) written by [Writer Name] (“Writer”), the rights to which are owned and controlled by Grantor. Grantor shall provide all applicable chain-of-title documentation confirming Grantor’s effective ownership of the Property as a condition precedent of this agreement.
- Initial Option Term: [Date].
- Initial Option Fee: [Amount], payable upon execution hereof.
- Purchase Price: [Purchase Price], less the initial Option Fee paid, payable on exercise of Option, which ...