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Life Rights Option Agreement
"I need a Life Rights Option Agreement for a retired Irish athlete's story, with a 12-month option period starting March 2025, including rights for film, television, and book adaptations across the EU, with special provisions for family interviews and access to personal archives."
1. Parties: Identifies and defines the parties: the Subject (person whose life rights are being optioned), the Purchaser (party acquiring the option), and any other relevant parties
2. Background: Explains the context of the agreement, including the Subject's life story and the Purchaser's intended use
3. Definitions: Defines key terms used throughout the agreement, including 'Life Story,' 'Option Period,' 'Rights,' and 'Project'
4. Grant of Option: Details the specific rights being optioned and the terms under which they can be exercised
5. Option Period: Specifies the duration of the option and any extension provisions
6. Option Fee: States the initial payment for the option and payment terms
7. Exercise of Option: Outlines the process and requirements for exercising the option
8. Purchase Price: Specifies the payment terms if the option is exercised
9. Rights Granted Upon Exercise: Details the full scope of rights granted if the option is exercised
10. Subject's Services and Cooperation: Outlines the Subject's obligations to assist with the project
11. Representations and Warranties: Contains parties' assertions about their authority and rights
12. Privacy and Confidentiality: Addresses handling of personal information and confidential matters
13. Credit and Publicity: Specifies how the Subject will be credited and publicity requirements
14. Termination: Details circumstances under which the agreement can be terminated
15. General Provisions: Standard contract clauses including governing law, jurisdiction, and entire agreement
1. Consultation Rights: Grants the Subject rights to consult on the project, used when the Subject wants creative input
2. Approval Rights: Gives the Subject certain approval rights over aspects of the project, used for high-profile subjects
3. Family Members' Rights: Addresses rights and permissions of family members, used when family stories are significant
4. Posthumous Rights: Handles rights after the Subject's death, used for elderly or ill Subjects
5. Additional Projects: Covers potential spin-offs or related projects, used for commercially valuable life stories
6. Third-Party Materials: Addresses incorporation of third-party content, used when significant external materials are needed
7. Location and Venue Rights: Covers rights to film at specific locations, used when particular venues are crucial to the story
8. Merchandise Rights: Addresses merchandising opportunities, used for commercially valuable projects
1. Schedule A - Life Story Elements: Detailed description of the specific life events, periods, and elements covered by the option
2. Schedule B - Excluded Elements: List of specific aspects of the Subject's life explicitly excluded from the agreement
3. Schedule C - Payment Schedule: Detailed breakdown of all payments, including option fee, purchase price, and any additional payments
4. Schedule D - Required Third-Party Rights: List of known third-party rights that need to be obtained
5. Schedule E - Approved Project Elements: Pre-approved aspects of the project (if applicable)
6. Schedule F - Restricted Information: List of specific information that cannot be included or requires special approval
7. Appendix 1 - Form of Option Exercise Notice: Template for the formal notice to exercise the option
8. Appendix 2 - Required Consents: Forms for any additional consents needed from family members or other parties
Authors
Confidential Information
Derivative Works
Development Materials
Effective Date
Exercise Notice
Exercise Period
Initial Option Period
Life Rights
Life Story
Material Elements
Media
Option
Option Fee
Option Period
Personal Data
Project
Purchase Price
Restricted Information
Rights
Subject
Subject Matter
Territory
Third Party Rights
Work
Permitted Use
Production
Authorized Representatives
Extension Period
Exploitation Rights
Family Members
Intellectual Property Rights
Licensed Rights
Material Breach
Net Profits
Option Exercise Date
Privacy Rights
Project Materials
Publication
Related Rights
Reserved Rights
Subject's Likeness
Term
Underlying Rights
Working Day
Ancillary Rights
Approved Elements
Commercial Rights
Distribution Rights
Excluded Elements
Format Rights
Merchandising Rights
Publicity Rights
Grant of Option
Option Period
Option Fee
Exercise of Option
Purchase Price
Rights Grant
Exclusivity
Confidentiality
Privacy
Data Protection
Representations and Warranties
Subject Cooperation
Approval Rights
Credit and Attribution
Moral Rights
Territory and Media
Term and Termination
Assignment
Force Majeure
Intellectual Property
Indemnification
Publicity
Third Party Rights
Amendments
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Waiver
Further Assurance
Survival
Counterparts
Media & Entertainment
Publishing
Film & Television
Theatre & Performing Arts
Digital Media
Broadcasting
Literary & Creative Arts
Biographical Works
Documentary Production
Educational Content
Legal Affairs
Business Affairs
Rights Management
Content Development
Creative Development
Production
Editorial
Acquisitions
Project Management
Contract Administration
Content Producer
Rights Manager
Legal Counsel
Entertainment Lawyer
Literary Agent
Development Executive
Creative Director
Business Affairs Manager
Contract Manager
IP Rights Specialist
Project Manager
Production Executive
Documentary Producer
Biography Writer
Media Rights Executive
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