film production partnership agreement
rights purchase agreements and screenplay option agreements, writer "work for hire" or collaboration agreements and co-production agreements are among the many types of contracts necessary to engage talented individuals to develop a script for production. the investor, on the other hand, will try to negotiate so as to protect his investment and allow for continuity in the event that new creative teams or members need to be brought in for the benefit of the project. one major risk that must be disclosed is the risk of failure to obtain distribution and to recoup negative costs. generally, these agreements are known as "assignments of rights" and often include the sale of “the sole and exclusive motion picture, television, photograph record, merchandising and commercial rights and all allied and ancillary rights, throughout the universe, in perpetuity.” put simply, a rights purchase agreement provides for the purchase of all rights associated with a motion picture, not just the rights to purchase the script. an option agreement is a contractual agreement in which a producer buys the right to purchase a screenplay from a writer or other owner.