Life Rights Option Agreement
The Life Rights Option Agreement defines the terms and conditions under which a producer options a Life Story property to develop into a film project and then defines the terms of purchase if greenlit.
This is a legal document that details the terms and conditions between a Purchaser and the Owner of the Rights.
It covers the essential elements of the relationship such as:
- Date of Recording
- Ownership Rights
- Release Date
- Name of Film Production
- Use Rights of Recording
- And More.
This fully customizable agreement gives you the ability to define the option period, compensation terms as well as purchase price, and more.
Having the right deal in place is essential to protecting you and your production. Without the right contract in place, you can expose yourself, your company, and your film.
For films, it is essential to document every deal properly to have a clean chain of titles for distribution or acquisition.
Creating a contract ensures that the parties making the agreement will have all the proper terms and conditions laid out in advance of the engagement.
Other names for this Document:
Life Story Option Agreement, Life Story Agreement, Life Rights Option Contract, Life Story Option Contract, Life Rights Option Agreement Template, Life Rights Agreement.
Approximate time to complete contract: 6-7 Minutes
Single-Use Contract Unless Purchased with a Subscription
What Is It?
The Life Rights Option Agreement covers the essential contract terms between a Purchaser and the Owner of the Rights.
This standard Film legal contract covers:
- The Start Date of the Agreement
- The name of the Film Production
- The Release of Rights
- The Use Rights of the Recording, including promotion and advertising rights.
- The Rights and Responsibilities of the Parties
- Work-For-Hire Language
- Alternative Dispute Resolution Issues, including Venue & Choice of Law
How to Use This Document
Use this document to explain the relationship between a Purchaser and the Owner of the Rights.
Some things needed to build your custom Life Rights Option Agreement:
- Names of the Parties
- Addresses of the Parties
- Emails of the Parties
- Name of the Film Production
- Dates of Recording
- State for Venue and Choice Provisions
Once you have completed drafting the Life Rights Option Agreement, you will be able to save to edit further, download a PDF or send it to the other party for electronic signature.
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