This agreement agreement is made at on this day of by and between. A lifetime right formally known as a lifetime estate is the designated right to own and use a piece of real property for the duration of an individuals lifetime.
And heres one for sale as usual caveat emptor as we cant vouch.
Life rights agreement template. Life story rights agreement free download as word doc doc pdf file pdf text file txt or read online for free. According to callif in a standard life rights agreement you would have a waiver of claimi agree not to sue you even if i dont like the way you depict me such an agreement also carries some assurance of exclusivity. Life rights can involve a wide range of issues including remakes sequels television series merchandising live stage and novelization rights.
Thursday feb 1 2007. Life story agreement for documentaries. Life rights agreements what you need to know.
C20032020 romano law pllc. This clause provides the names addresses and other details of all the parties entering into the agreement. Simply put a life rights agreement lra also called a life story agreement is an agreement that grants a person or company the right to purchase and develop someone elses life story into some type of media.
The purchase of life story rights can be structured as either an optionpurchase deal or as an outright sale often with a reversion clause. Life rights option agreement. Most importantly theyll be able to draft an agreement that ensures you properly get the life rights but also protects you and your friend if the working relationship goes south.
Life rights agreements can offer additional benefits. A life rights agreement from a film producers perspective could be structured as follows. The grantee of a lifetime estate is known as a life tenant or an owner at right while the grantor is known as an.
What is a life rights agreement. This will confirm the following agreement between you and me for an option to acquire all media rights motion picture television novelization multi media etc to your life story. Theyll know the industry standards what provisions are typical in life rights agreements and what kinds of situations to avoid.
Life rights agreement version 11 revision date 13 july 2012 4 p a g e initial part two signature page offer to purchase 1. If the buyer is a producer she will often need to assign such rights to a studio or network later as part of a financingdistribution agreement. The purchaser by his or her signature hereto hereby offers to purchase the life right being the right of occupation as defined in part five section i for and in respect of the unit detailed in.
Heres an example of a life rights agreement and heres an example of a life rights option agreement for specific rights.
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