Option Agreement - New Zealand Writers Guild：期权协议-新西兰作家协会.docVIP

OPTION AGREEMENT NEW ZEALAND WRITERS GUILD INC. in association with the SCREEN PRODUCERS AND DIRECTORS ASSOCIATION INDEX BACKGROUND DEFINITIONS AND INTERPRETATION GRANT OF OPTION DURATION OF OPTION EXERCISE OF OPTION EXPIRY OF OPTION WARRANTIES CONFIDENTIALITY ASSIGNMENT OF RIGHTS BY PRODUCER FURTHER DOCUMENTATION MISCELLANEOUS SCHEDULE ANNEXURE A DISCLAIMER : This document is generic and intended as a guide only. Neither the New Zealand Writers Guild nor SPADA shall have any liability to any party using the document. It is strongly recommended that legal advice be sought in all cases. THIS AGREEMENT dated this day of , 20 . PARTIES 1. __________________________________________ (the Author) 2. __________________________________________ (the Producer) BACKGROUND The Author has written and/or created the Work. The Producer wishes: to obtain an exclusive option over certain specified rights to the Work; and if it chooses, to exercise the Option; and to be entitled to develop the Work to the extent necessary to enable it to apply to funding bodies for funding of a production version of the Work; and to be entitled to so apply to funding bodies. The Author has agreed to grant the Producer such rights subject to the terms and conditions set out in this Agreement. THE PARTIES AGREE AS FOLLOWS DEFINITIONS and interpretation Definitions: In this Agreement the following terms shall have the meanings specified: Development Work means the preparation of such storylines, scenarios, scripts, screenplays, presentations, treatments and other adaptations of the Work as are reasonably necessary in order to produce the Revised Work and may extend to adding, deleting or otherwise altering the title, characters, plots, theme, dialogue, sequences, situations, or storyline of the Work. Initial Fee means the fee payable in consideration for the Option as set out in part 2 of the Schedule. Initial Period means the period set out in part 3 of