The Script Acquisition Agreement serves as the foundational document for any film, television, or theatrical production, establishing the legal transfer of intellectual property rights from creator to producer. This agreement, particularly important in the U.S. entertainment industry, outlines the terms under which a script is sold, including payment structures, creative control provisions, and future rights. It must comply with both federal copyright law and state-specific entertainment regulations, while often incorporating industry-standard provisions from organizations like the WGA. The agreement typically includes detailed sections on rights granted, payment terms, warranties, and delivery requirements.
Script Acquisition Agreement for the United States
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Key Requirements PROMPT example:
Script Acquisition Agreement
"Need a Script Acquisition Agreement for purchasing the rights to a TV comedy series pilot from a WGA writer, with an option for future episodes and a delivery date of March 2025, ensuring all Guild requirements are met."
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1. Parties: Identification of the seller/owner and purchaser of the script
2. Background: Context of the agreement and brief description of the script
3. Definitions: Key terms used throughout the agreement including Script, Rights, Territory, and Term
4. Grant of Rights: Specific rights being transferred including copyright, adaptation rights, and exploitation rights
5. Purchase Price: Compensation details, payment terms, and any contingent compensation
6. Representations and Warranties: Seller's guarantees regarding ownership, originality, and non-infringement
7. Delivery: Terms for delivering the script and related materials
8. Indemnification: Mutual obligations to protect against losses from breach of warranties
9. Term and Termination: Duration of the agreement and conditions for early termination
10. General Provisions: Standard legal provisions including governing law, jurisdiction, and notices
1. Credit Rights: Terms for writer credits and how the original writer will be credited in future productions
2. Rewrite Provisions: Terms for potential rewrites or polish work, including additional compensation
3. Right of First Refusal: Provisions giving buyer first right to purchase related works or sequels
4. Guild Requirements: Specific provisions required if either party is a WGA member
5. Development Provisions: Terms for further development of the script, including rewrites and polishes
6. Option Terms: If the agreement includes an option period before full purchase
1. Schedule A - Script Summary: Detailed description of the script being acquired including logline and synopsis
2. Schedule B - Chain of Title: Documentation proving ownership history and rights clearance
3. Schedule C - Copyright Registration: Copies of copyright registration certificates and related documentation
4. Schedule D - Payment Schedule: Detailed breakdown of payment terms, installments, and contingent compensation
5. Schedule E - Delivery Items: List of all materials to be delivered including script formats and related materials
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