Common use of Purchase of Documentary Screenplay (Literary Material) Clause in Contracts

Purchase of Documentary Screenplay (Literary Material). If Company chooses to purchase a Documentary Screenplay written prior to the start of principal photography, the Documentary Screenplay Purchase Price is subject to negotiation between Company and the Writer, provided, however, that it shall be no less than MBA minimum. Company will pay Writer for any additional writing services pursuant to the terms of the MBA then in effect. For purposes of this agreement only, Companies may purchase such literary material and defer payment of the purchase price, provided that the purchase price shall be no less than MBA minimum. (See Section 10.C of this Agreement for Documentary Screenplay Minimums.) Upon commencement of principal photography, if the budget of the Picture is under Five Hundred Thousand Dollars ($500,000), the Documentary Screenplay Purchase Price that is owed to the Writer may be deferred, with the deferred amount being paid on terms equal to or more favorable than those for the person who performs directing services. If the budget of the Picture is Five Hundred Thousand Dollars ($500,000) or over but not more than One Million Two Hundred Thousand Dollars ($1,200,000), Company shall within ten days of execution of this Agreement pay Ten Thousand Dollars ($10,000) to the Writer, said monies to be applied against any deferred monies owed to the Writer. If Company fails to pay the Documentary Screenplay Purchase Price and/or rewrite compensation to the Writer when due, Company shall pay interest at the rate of one- and one-half percent (1.5%) per month on all outstanding amounts until paid in full.

Purchase of Documentary Screenplay (Literary Material). If Company chooses to purchase a Documentary Screenplay written prior to the start of principal photography, the Documentary Screenplay Purchase Price is subject to negotiation between Company and the Writer, provided, however, that it shall be no less than MBA minimum. Company will pay Writer for any additional writing services pursuant to the terms of the MBA then in effect. For purposes of this agreement only, Companies may purchase such literary material and defer payment of the purchase price, provided that the purchase price shall be no less than MBA minimum. (See Section 10.C of this Agreement for Documentary Screenplay Minimums.) Upon commencement of principal photography, if the budget of the Picture is under Five Hundred Thousand Dollars ($500,000), the Documentary Screenplay Purchase Price that is owed to the Writer may be deferred, with the deferred amount being paid on terms equal to or more favorable than those for the person who performs directing services. If the budget of the Picture is Five Hundred Thousand Dollars ($500,000) or over but not more than One Million Two Hundred Thousand Dollars ($1,200,000), Company shall within ten days of execution of this Agreement pay Ten Thousand Dollars ($10,000) to the Writer, said monies to be applied against any deferred monies owed to the Writer. If Company fails to pay the Documentary Screenplay Purchase Price and/or rewrite compensation to the Writer when due, Company shall pay interest at the rate of one- and one-half percent (1.5%) % per month on all outstanding amounts until paid in full.

Purchase of Documentary Screenplay (Literary Material). If Company chooses to purchase a Documentary Screenplay written prior to the start of principal photography, the Documentary Screenplay Purchase Price is subject to negotiation between Company and the Writer, provided, however, that it shall be no less than MBA minimum. Company will pay Writer for any additional writing services pursuant to the terms of the MBA then in effect. For purposes of this agreement only, Companies may purchase such literary material and defer payment of the purchase price, provided that the purchase price shall be no less than MBA minimum. minimum (See Section 10.C of this Agreement for Documentary Screenplay Minimums.) ). Upon commencement of principal photography, if the budget of the Picture is under Five Hundred Thousand Dollars ($500,000), the Documentary Screenplay Purchase Price that is owed to the Writer may be deferred, with the deferred amount being paid on terms equal to or more favorable than those for the person who performs directing services. If the budget of the Picture is Five Hundred Thousand Dollars ($500,000) or over but not more than One Million Two Hundred Thousand Dollars ($1,200,000), Company shall within ten days of execution of this Agreement pay Ten Thousand Dollars ($10,000) to the Writer, said monies to be applied against any deferred monies owed to the Writer. If Company fails to pay the Documentary Screenplay Purchase Price and/or rewrite compensation to the Writer when due, Company shall pay interest at the rate of one- and one-half percent (1.5%) % per month on all outstanding amounts until paid in full.