Legal Question in Entertainment Law in California
Script Option
Hello --
Is an option agreement valid if the
due consideration for the rights
granted as stipulated in the contract
was never paid even if it's just one
dollar ($1.00 usd)? The producer I
got into this deal with said a couple
of times over a six month period that
he wanted to be sure and pay me
the dollar but never did.
Thank you for you time.
David Haynes
Asked on 1/15/08, 6:04 pm
1 Answer from Attorneys
Gordon Firemark
Law Offices of Gordon P. Firemark
Re: Script Option
I wouldn't hang my hat on an unpaid $1.00.
Consider the agreement binding unless there's some more Material breach.
Answered on 1/15/08, 6:33 pm