Script Purchase Agreement

A writer`s agreement is an employment contract that a screenwriter will sign when he is responsible for writing or rewriting something. From a legal point of view, it is considered an employment contract. This type of agreement will indicate things such as the services the author will perform, the payment of the scribe, the payment plan, the screen credit and the date of execution of the services. The “holdback” prevents the owner from exploiting the “reserved rights” for a specified period of time in order to protect the buyer from competing forms of script exploitation. A “reversion” provision is usually found in an option agreement and a “turnaround” provision may be part of a literary sales contract or a production finance sale contract. The “inversion” or “turnaround” may take the form of a separate agreement or in the form of a clause included in the original agreement. Note: If you are a member of the WGA, some of the conditions may be settled in a writing agreement (and to a lesser extent option/sale contracts) under the terms of the WGA`s agreement with “signatory” companies (such as studios, networks, cable operators, production companies and actual producers). For example, minimum payments and screen credits are covered by the WGA MBA – a minimum basic agreement. If the basic WGA agreement is applicable, if a script is sold, or under option, a minimum payment buys only the property sold or option; For other writing services, an additional payment of at least WGA is required.

Therefore, the payment of a scenario under the WGA`s core agreement does not involve an overhaul. There is an exception for writing for television, in this case the minimum includes a revision of the script if it is requested within seven days of delivery, otherwise an additional payment is due. If the purchase price is above the minimum, funds for the purchase price (at least or in a negotiated amount) may be credited to the amounts owed for these benefits, if the author`s contract provides for such a credit, but pension and health contributions must be paid on such credited amounts. But if you`re a screenwriter with an original script (or pilot) and someone wants to produce your work, an option/sale contract is probably what you`re going to sign. The general idea of this type of agreement is that it allows the purchaser, for an initial lower price, to “control” the rights to your script only for an agreed period at certain costs. Turnaround: On the other hand, if a producer, studio or financier buys the script directly or exercises the option and spends additional sums for development and possibly pre-production, or even production, but then decides to abandon the project, a “turnaround” gives the owner the opportunity (for a negotiated period after being acquired, developed or even produced) to take over the property.