Generally initiated by a producer, the advantage of a purchase contract is that the producer can buy the author`s script for free, with the certainty that he will be “added” to the project if he is “set up” with a financier under a more formal agreement. Over the past twenty years, script sales have become much more difficult. As a result, a “purchase agreement” is widespread. 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. Ken Aguado is a writer/producer/author. His latest productions include the documentary “Miracle on 42nd Street” (2017) and the drama “An Interview with God” (2018), which he also wrote. He is the author of “Based On: A Non-Lawyer`s Guide to Acquiring Film and Televisions Rights from Everywhere.” As the name suggests, it is an agreement between an agent or manager and his client. The agreement allows the agent to act very specific on behalf of the client and to be compensated accordingly. Ted? Suppose you say ken, I`ll answer as follows: An employment contract to write a script (an adaptation, in your case), while almost always does a job for the lease, does not exclude other negotiated points.
But I`m not sure what you mean by copyright. Typically, in showbiz, this is what we call the “remains” collected and paid for by the WGA. If you ask if your full payment should be the last money you will ever receive, you can also negotiate a reprieve (if you have not received the fixed rate) or a conditional allowance (often referred to as “profit sharing”). Any good lawyer can advise you. In fact, a replacement agreement with a lawyer is commonly referred to as an “engagement letter.” Essentially the same thing, but not as romantic as it sounds.