What Does Literary Rights Option and Purchase Agreement for Television Encompass?

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Often, television programing involves original teleplays or telescripts licensed from third parties and not copyrighted works. Nonetheless, if the work is copyrighted, both seller and buyer should be mindful of several salient factors including but not limited to the option period, the option amount, the option commencement date, option extension, the purchase price for the right, the amount of profits, the type of profits (net or gross), the ownership of rights, among others. Let us further educate ourselves on such salient topics, to SOME extent.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doron Eghbali, Law Advocate Group, LLP | Attorney Advertising

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