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1. Parties: Identifies and defines the parties to the agreement - typically the rights holder and the production company/producer
2. Background: Sets out the context of the agreement, including description of the original work and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement
4. Grant of Option: Details the specific rights being granted under the option
5. Option Period: Specifies the duration of the option and any extension provisions
6. Option Fee: States the payment terms for the option itself
7. Exercise of Option: Describes the process and requirements for exercising the option
8. Purchase Price: Specifies the payment terms if the option is exercised
9. Rights Granted Upon Exercise: Details the rights that will be transferred if the option is exercised
10. Warranties and Representations: Sets out the guarantees provided by each party
11. Credit and Publicity: Specifies how the original creator will be credited in the film
12. Assignment and Sublicensing: Details whether and how rights can be transferred to third parties
13. Termination: Specifies circumstances under which the agreement can be terminated
14. Governing Law and Jurisdiction: Specifies that Irish law governs the agreement and Irish courts have jurisdiction
15. Entire Agreement: Confirms this document represents the complete agreement between parties
1. Currency and Payment Methods: Required for international agreements to specify currency and payment mechanisms
2. Chain of Title Provisions: Required when the rights holder needs to prove ownership through multiple transfers
3. Development Obligations: Optional section detailing any requirements for the optionee to develop the project during the option period
4. Right of First Refusal: Optional section granting the optionee first rights to other works by the rights holder
5. Moral Rights: Required for jurisdictions where moral rights are recognized and need to be addressed
6. Tax Provisions: Required for international agreements or when specific tax considerations apply
7. Language Rights: Required when dealing with translation or multiple language versions
8. Third Party Rights: Required when third parties have existing rights that need to be addressed
9. Force Majeure: Optional section dealing with circumstances beyond parties' control
1. Schedule 1 - The Work: Detailed description of the original work being optioned
2. Schedule 2 - Option Exercise Notice: Pro forma notice for exercising the option
3. Schedule 3 - Assignment Agreement: Form of assignment to be executed upon exercise of the option
4. Schedule 4 - Chain of Title Documents: Copies of documents proving ownership of rights
5. Schedule 5 - Required Amendments: Any specific changes required to be made to the work
6. Schedule 6 - Excluded Rights: List of any rights specifically excluded from the option
7. Appendix A - Payment Schedule: Detailed breakdown of payment terms and conditions
8. Appendix B - Approved Writers/Directors: If specified, list of pre-approved creative personnel
Film and Television
Entertainment
Media Production
Creative Arts
Literary Publishing
Digital Media
Broadcasting
Performing Arts
Intellectual Property
Legal Services
Legal
Business Affairs
Rights Acquisition
Development
Production
Creative
Contract Management
Intellectual Property
Finance
Film Producer
Entertainment Lawyer
Rights Acquisition Manager
Literary Agent
Development Executive
Production Executive
Legal Counsel
Contract Manager
Business Affairs Director
Creative Director
Content Acquisition Manager
IP Rights Manager
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