West Virginia Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights

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An option contract is a contract that gives the right to one party to enter into a second contract with the other party at a later date. In this type of contract, the prospective purchaser will be granted an option to purchase the property within a specified period of time. The prospective purchaser will pay the owner a sum of money since the owner is, in effect, taking the property off the market during the option period. If the prospective purchaser exercises his option during that time, a second contract is entered into regarding the sale of the property. If the option period expires, then neither party has any obligation to the other. The money paid to the owner for the option is retained by the owner.


The word copyright can be defined as a property right in an original work of authorship (such as a literary, musical, artistic, photographic, or film work) fixed in any tangible medium of expression, giving the holder the exclusive right to reproduce, adapt, distribute, perform, and display the work. Copyright protection may be received regarding a wide range of creative, intellectual, or artistic forms or works. These include poems, plays, and other literary works, movies, choreographic works (dances, ballets, etc.), musical compositions, audio recordings, paintings, drawings, sculptures, photographs, radio and television broadcasts. The creator of the work has a limited monopoly on the work and can, with some exceptions, prohibit others from copying or displaying the work. The United States copyright law is contained in Chapters 1 through 8 and 10 through 12 of Title 17 of the United States Code.


A copyright is obtained simply by creating the work. It comes into existence automatically on the date it is created. However, in order to get federal protection of a copyright, the creator of the work has to file two copies of the work with the Copyright Office in Washington, D.C.


Copyright law is designed to create an incentive for creativity by allowing the author to profit from his work. The Act tries to balance this need to protect the author with the publics need for free and open discussion. A copyright owner has the exclusive right to:

" reproduce the work;

" prepare derivative works, such as a script from the original work (e.g., movie script for Book The Rainmaker);

" distribute copies or recordings of the work; and

" publicly display the work in the case of paintings, sculptures and photographs.


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  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights
  • Preview Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights

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FAQ

form option agreement for use as an ancillary agreement to a literary material option purchase agreement granting a studio, production company, or producer an option to acquire certain rights (underlying rights) in specific, preexisting source material, such as a published or unpublished book, article, or ...

An option-to-purchase contract must conspicuously state the duration of the option period. There is no correct or preferred unit of time and option periods can range from months to years. Typically, however, in the residential context, option periods range from one-to-five years.

An option to buy contract is an agreement between two parties where an investor or tenant pays a fee in exchange for the rights to purchase property at some point in the future. You can have a straight option to buy a contract, which is a unilateral contract that only binds the seller to its terms.

An option agreement is a contract between the owner of a property and a potential buyer, giving the buyer the right to serve notice upon the seller to sell the property either at an agreed price or at its market value. Often, the purchaser will pay the seller a fee for entering into an option agreement.

An option agreement is made between a writer and a producer and grants the producer an exclusive option to buy the rights in the writer's work. A ?shopping? agreement allows the producer to represent the work but gives the producer fewer rights than an option and typically lasts for a shorter period.

What is an "option to purchase" agreement? An option to purchase is an agreement that gives a potential buyer (?optionee?) the right, but not the obligation, to buy property in the future. The optionee must decide by a certain time whether to ?exercise? the option and thereafter by bound under the contract to purchase.

The purchase contract is you buying the house. You're obligated to buy. The option to purchase makes the seller obligated to sell but you're not obligated to buy. You simply have the option to buy.

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West Virginia Option and Acquisition Agreement in Literary Work along with Motion Picture Rights, Television, Video and Electronic Reproduction and Distribution Rights