This Agreement is made on [insert date] between the following parties (each a ‘party’ and together the ‘parties’): Parties 1 [insert Company name] a company incorporated in England and Wales whose registered number is [insert Company number] and whose registered office is at [insert registered office] (the Company); and 2 [insert Author name] of [address] (the Author). Background (A) The Author is the owner of the worldwide copyright in the literary work published by [name] entitled [title] (the Work). (B) The Author has agreed to option and assign to the Company certain rights in and to the Work subject to the conditions and for the consideration set out in this Agreement. The parties agree: 1 Definitions and interpretation 1.1 The following definitions apply in this Agreement: Act • means the Copyright, Designs and Patents Act 1988; Final Budget • means the above and below the line production budget of the applicable Production (as approved by the financiers of the Production) less any contingency, completion guarantee fees, finance fees (being commitment and finders’ fees and the like) and interest, financier overhead fees, insurance costs, legal and accountancy fees, deferments and the sums payable to the Author under clauses 2.1, 4.1 and 4.5; Merchandising