I searched the BBS for an answer on this, but I didn't find anything.
I've registered a copyright for a screenplay that was written by a co-writer and me. From my understanding, we both have the right to independently grant non-exlusive rights to a production company to turn the screenplay into a film (please correct me if I am wrong). That means that either one of us can grant rights to anyone else without consulting each other.
My question is: if I decide to shoot the screenplay myself, how do I determine if/how much the co-writer gets paid?
It is hard to assume that my co-writer could get nothing, but I'm essentially granting myself non-exlusive rights to the screenplay at no cost, so how would I determine any cost for my co-writer?
A related question would be: If I sell non-exlusive rights to an external production company for some sum of money, does the co-writer have to be paid anything?
Thanks for any clarity.
Kelly
I've registered a copyright for a screenplay that was written by a co-writer and me. From my understanding, we both have the right to independently grant non-exlusive rights to a production company to turn the screenplay into a film (please correct me if I am wrong). That means that either one of us can grant rights to anyone else without consulting each other.
My question is: if I decide to shoot the screenplay myself, how do I determine if/how much the co-writer gets paid?
It is hard to assume that my co-writer could get nothing, but I'm essentially granting myself non-exlusive rights to the screenplay at no cost, so how would I determine any cost for my co-writer?
A related question would be: If I sell non-exlusive rights to an external production company for some sum of money, does the co-writer have to be paid anything?
Thanks for any clarity.
Kelly