I did, but it was with shady broken producers and non-union mom/pop prod companies. Keep the agreement short (less than a year) and let your own lawyer view all legal documents. Every agreement is different, but if the producer has a strong track record when it comes to producing projects, an author might want to give the producer some free time to buy. What he does is a small production company that likes the script but doesn`t have the means to do so, to allow the exclusive rights (for a short time) to buy the script (hence the name of the deal). Help me because they have more contacts than me. If a buyer is found, the production company will negotiate their “producer” agreement, and I will negotiate my “screenwriter” agreement. This guy is a friend. I have known him for years. A simple one-sided agreement that says he can`t sell the script without me and I can`t sell it behind his back to this company, that`s all I need. Anyone have something like that? a contract for the sale of products is an agreement that allows a producer to “shop” for a film or television project exclusively to funding bodies such as studios; networks; and production companies for a fixed period. As a producer, the producer is “linked” to the project.
In the agreement of the copyright holders (screenwriter / author / author / playwright, etc.) of the project, which is a book; Spec script; the television pilot episode; stage play; or any other type of literary property grants this right to the producer. However, the copyright owner retains full ownership of the literary property up to a studio; network; or the production company purchases all or some of the literary property rights in an agreement negotiated with the copyright owner. Unlike an option in which the terms of purchase of literary property are defined and agreed in advance by the copyright owner, usually for a small option fee, the copyright owner enters into its own contract of sale in a producer purchase agreement when the producer finds a studio; network; or a production company that wants to buy the literary property. This gives the copyright owner the freedom and right to make the best deal possible at that time. The producer also finalizes his own production contract with the studio/network/finance company. The project cannot move forward unless the copyright owner and the producer each enter into separate agreements. This protects both the copyright owner and the producer and allows both to negotiate with the studio/network/funding unit in order to reach an agreement satisfactory to each. The main advantage for the copyright owner is that a literary option/sale agreement sets the sale price and cannot be changed without a modification agreement, and the producer who has the optional literary property can actually earn more than the copyright owner when selling to a studio; network; or another funding unit. For example, a producer chooses a specification scenario for $1,000.00 for one year, in the literary option/sale agreement, the purchase price of the Spec script is $100,000.
During the option period, the producer may exercise the option and purchase the specification scenario at that price….