Film Purchase Agreement / Photo Credit: Clinton M. Sandvick JD, PhD. - Wikihow
WHAT IS A RIGHTS PURCHASE
AGREEMENT? (In the Entertainment industry.)
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What is a Rights Purchase Agreement?
Put simply, a rights purchase agreement provides for
the purchase of all rights associated with a motion picture, not just the
rights to purchase the script. However, these agreements can, and often are,
limited to only certain rights and can exclude others.
An option
agreement is a contractual agreement in which a producer buys the right to
purchase a screenplay from a writer or other owner. Unlike the Rights Purchase
Agreement, which is a flat-out purchase of a property, an option agreement is
not actually the purchase of the right to use the screenplay.
A rights purchase agreement is used when a producer
desires to purchase a script or story outright from a writer or other owner.
Generally, these agreements are known as “Assignments of Rights” and often
include the sale of “the sole and exclusive motion picture, television,
photograph record, merchandising and commercial rights and all allied and
ancillary rights, throughout the universe, in perpetuity.” Put simply, a rights
purchase agreement provides for the purchase of all rights associated with a
motion picture, not just the rights to purchase the script.
However, these agreements can, and often are, limited to
only certain rights and can exclude others. Which rights are kept by the writer
usually depend on the bargaining power of the writer and the desires of those
purchasing the property? Rights purchase agreements are the broadest form of
purchasing a property from a writer or other owner. They can be used to
purchase anything from a movie script to a book to a short story and can be
tailored to a myriad of purposes.
References
& Credits: Google, Wikipedia, Wikihow, WikiBooks, Pinterest, IMDB, Linked
In, Indie Wire, Film Making Stuff, Hiive, History Channel, Film Daily, New York
Film Academy, The Balance, Careers Hub, The Numbers, Film Maker, Film Site, TV
Guide Magazine, Blurb, Media Match, Quora, Creative Skill Set, Chron, Investopedia,
Variety, No Film School, WGA, BBC, Daily Variety, The Film Agency, Best Sample
Resume, How Stuff Works, Studio Binder, Career Trend, Producer's Code of
Credits, Truity, Production Hub, Producers Guild of America, Film Connection, Variety,
Wolf Crow, Get In Media, Production Beast, Sony Pictures, Warner Bros, UCAS, Frankenbite,
Realty 101, Careers Hub, Screen Play Scripts, Elements of Cinema, Script
Doctor, ASCAP, Film Independent, Any Possibility, CTLsites, NYFA, Future Learn,
VOM Productions, Mad Studios, Rewire, DP School, Film Reference, DGA, IATSE, ASC,
MPAA, HFPA, MPSE, CDG, AFI, Box Office Mojo, Rotten Tomatoes, Indie Film
Hustle, The Numbers, Netflix, Vimeo, Instagram, Pinterest, Metacritic, Hulu, Reddit,
NATO, Mental Floss, Slate, Locations Hub, Film Industry Statistics, Guinness World
Records, The Audiopedia, Imagination for People, Literary Devices, Start Up
Film Maker, On Post Modernism, The Guerrilla Rep Media, Indie Film Distribution
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Film Purchase Agreement / Photo Credit: Clinton M. Sandvick JD, PhD. - Wikihow
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