☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Option Agreement

A contract granting one party the exclusive right to purchase or license specified rights (such as a screenplay, book, or life story rights) within a defined period, in exchange for a payment.

Etymology: English compound · Category: Entertainment Law · Source: Industry standard practice; Nimmer on Copyright
0 terms published 0 awaiting endorsement
Propose a New Term

Submit a term for the community. Two endorsements from other members will publish it.

Per page: