Literary Option/Purchase Deal Points

Basic Literary Option Purchase Agreement Terms (Always consult with an experienced Entertainment Attorney before agreeing to ANYTHING!OptionOption Amount ($)Exclusive/Non-Exclusive (Producer will want exclusive)Length of First Option PeriodTerritory (usually the Universe)Purchase PricePurchase Price AmountPercentage of budget w/Floor and Ceiling or is it a Fixed Amount?Back-End aka Contingent Compensation (a percentage 2.5 – 5%)Reserved Rights (holdbacks)Novel/Stage/Audio bookOptionContinue reading “Literary Option/Purchase Deal Points”