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An Option Agreement is simply a contract between the original owner of a specific work (e.g., a novel or a screenplay) and a producer (e.g., a production company or a network) (often referred to as the purchaser) interested in producing the work and turning it into a film, play or television series.
An entertainment contract should always include the following terms to avoid any misunderstandings and disputes: Performance Details....Key terms to include in an entertainment contractPerformance Details.Compensation.Personal and technical requirements.Exclusivity.Merchandising.Grant of rights.Cancellation.More items...
Whether the Actor Must Give Up Their Name and Likeness: The contract will request that the actor provide rights to the employer to use the actor's name and image for the acting job, as well as for any other promotional or merchandising purposes.
An entertainment contract is a legally binding agreement between an artist and their manager that outlines what will happen with the money generated by the artist's work.