Model Film Agreement Contract

22.

Exhibit A: Short-Form Option

For good and valuable consideration, receipt of which is hereby acknowledged, the undersigned, _______________, hereby grants to ________ (the "Purchaser"), and its successors and assigns, the sole and exclusive option to purchase all rights, including without limitation, all motion picture, television, allied and ancillary rights (except certain reserved rights), in the original literary and/or dramatic work (the "Property") described as follows:

Title:   

Author:

Name(s) of Publisher(s):

Date and Place of Publication:

Copyright Date and Registration No.

Name of Copyright Registrant:

This instrument is executed in accordance with and is subject to the agreement between the undersigned and the Purchaser, dated as of ____________ (the "Literary Option Agreement"), relating to the option granted to the Purchaser to purchase the above-mentioned rights in the Property, which rights are more fully described in said Literary Option Agreement.

IN WITNESS WHEREOF, the undersigned has executed this Short-Form Option as of the __________ of _____ 20__

 

On ____________________, before me, ____________________________, a notary public, personally appeared____________, personally known to me (or proved to me on the basis of satisfactory evidence) to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the persons, or the entities upon behalf of which the persons acted, executed the instrument. 

WITNESS my hand and official seal.

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Commentary

A short form option is usually signed in order for the option payments to be paid immediately. The short form is subject to the long form agreement.