1. Development Rights: Rights to develop the work during the option period, used when immediate development is contemplated

2. Credit Rights: Provisions for crediting the original rights holder, used when specifically negotiated

3. Profit Participation: Terms for sharing in profits from the finished film, used in deals with additional compensation beyond purchase price

4. Right of First Refusal: Rights to negotiate for sequels or related works, used when future works are contemplated

5. Moral Rights: Specific provisions regarding moral rights under Australian law, used when dealing with authors who wish to protect these rights

6. Chain of Title Warranty: Extended warranties regarding ownership history, used for complex properties with multiple prior owners

7. International Rights: Specific provisions for international exploitation, used when international distribution is contemplated

8. Reversion Rights: Terms for rights returning to owner if film isn't produced, used when owner wants production guarantee

1. Schedule A - The Work: Detailed description of the optioned work including copyright registration details

2. Schedule B - Purchase Agreement: Form of long-form agreement to be entered into upon exercise of option

3. Schedule C - Chain of Title: Documentation of ownership history and rights clearances

4. Schedule D - Development Materials: List of any existing development materials included in the option

5. Schedule E - Payment Schedule: Detailed breakdown of option payments and purchase price installments

6. Appendix 1 - Required Elements: Any mandatory elements for the film adaptation (if specified by rights holder)

7. Appendix 2 - Excluded Rights: List of any rights specifically excluded from the option and purchase