Many people are under the mistaken impression that oral contracts are not binding. Hollywood would come to a standstill if that were the case, since it takes attorneys weeks, if not months, to negotiate the language eventually committed to a written contract. People have been led to believe that oral contracts do not exist because such…
The literary option and purchase agreement (the “Agreement”) gives a producer, production company or studio the right to shop, package, set up, or produce a film based upon the screenplay or book (the “literary property”) that is the subject matter of the Agreement. As such, the Agreement is one of the most crucial legal documents…
You have written or optioned a script that you want to produce. You just know it has blockbuster potential. Lack of financing for your film is the only obstacle in the way of your box office success. So, what are you waiting for — get the film financed! One of the most, if not the…