Okay so this contest is weird...
If they pick ur script for a winner they bind you into a contract (because its a production company) This is part of that contract which I found odd..
"If said chosen screenplay is chosen as a winner, it will be immediately bound by an exclusive 60day option Agreement with NEO. If NEO formally expresses its intention to purchuse said Screenplay before expiration of the Special Option, I fully understand and consent to the additional requirement that I enter into a 12-month Option Agreement."
12 month option? It seems a TAD long to me.
Also it has the payment to the writer if the script gets put into production, if the budget is below 5 Million the writer gets 1% of the budget! It is still alot of money but it made me think that these people will do whatever they can to have it not go over 5 Million so they can pay us less!
Maybe I'm being silly but the whole thing seems odd...
If they pick ur script for a winner they bind you into a contract (because its a production company) This is part of that contract which I found odd..
"If said chosen screenplay is chosen as a winner, it will be immediately bound by an exclusive 60day option Agreement with NEO. If NEO formally expresses its intention to purchuse said Screenplay before expiration of the Special Option, I fully understand and consent to the additional requirement that I enter into a 12-month Option Agreement."
12 month option? It seems a TAD long to me.
Also it has the payment to the writer if the script gets put into production, if the budget is below 5 Million the writer gets 1% of the budget! It is still alot of money but it made me think that these people will do whatever they can to have it not go over 5 Million so they can pay us less!
Maybe I'm being silly but the whole thing seems odd...