We received a lot of questions about purchase agreements. And then the duration of the contract could stop, and they could sell it without you! As discussed above, there are disadvantages and advantages for both purchase agreements and option agreements for each of the parties. There is no one-fits-all answer to the type of agreement preferred. While a purchase agreement often seems attractive because of its simplicity and the willingness of the parties to receive only “something in writing”, it can lead to considerable and unforeseen disadvantages for an owner or producer if the differences between the agreements are not duly taken into account. A more modern approach, adopted by some producers and production companies, is to conclude a “purchase contract” with the owner of the equipment concerned. When is the right time to give a producer to buy your show on the networks? I had a well-known and successful producer who bought my reality show on the big networks. We had a six-month agreement. In the end, he asked for 6 more months. I wasn`t sure if I would link my idea to this single producer for a year, so we agreed on two more months. My show has not been recovered, but now I see that other similar shows are announced. Should I have given him more time? Do I really have to be part of these spears for networks, or is it the norm that my producer manages it himself? We took stuff from Sizzle Reel, but the rest of the time I would sit back and wait for comments. Under an option agreement, the purchase price, back-end remuneration, passive royalties and other conditions relating to the sale of the property by the author are agreed in advance by the author and the producer.
As in an option agreement, the author generally guarantees and assures that he is the sole exclusive and exclusive owner of the property and that nothing contained in the property violates or violates, in all conscience, the personal, contractual or property rights of a natural or legal person. The producer generally guarantees and guarantees that he has the full right and power to enter into the contract and that he will not enter into agreements on behalf of the author or that he will not oblige him to make commitments or expenses concerning the immovable property. Because of the problem addressed in paragraph 6, it is also useful for the manufacturer to guarantee and assure that he will not make any modification or modification of the good without the separate written consent of the author. The parties generally agree to hold each other harmless from any damages, claims, liabilities, etc., resulting from a breach of these warranties and guarantees. On the other hand, the purchase contract gives little certainty to the right holder, while limiting his ability to maintain other offers. The producer could hide Hollywood with the project, which will reduce the likelihood that there will be possibilities later if he/she fails to set up the project. Similarly, the rights holder could lasy out at the producer with inappropriate expectations and requirements in potential negotiations. Generally note that all talent agreements between producers and talent must be acceptable to the network or cable channel when they purchase the show….