Option Agreement
Category: 270 Legal Recent Posts, Entertainment Agreements, Film, Option, Screenwriting
OPTION AGREEMENT
This Agreement, executed on the day below written, is by and between Futura Pictures (hereinafter “Producer”), and Don Tsuchiyama (hereinafter “Writer”) with respect to the unpublished literary work tentatively entitled “Cass & Karri” (which, together with themes, characters, contents, alternate titles, and other versions thereof, is hereinafter called the “Property”), as follows:
1. CONSIDERATION AND TERM: In consideration of the sum o Five Thousand (5,000) Shares of Futura Pictures, Inc., common stock, and other good and valuable consideration, receipt of which Writer hereby acknowledges, Writer grants to Producer an exclusive and irrevocable option to purchase all motion picture, television, and allied rights in the Property (“Option”), such option period commencing on the date hereof (“Commencement Date,” which shall be the date both parties signed or the later of the two dates, if different) and continuing for twelve (12) months (“Term”).
===
Click here for the complete Option Agreement