ownership of contract

ownership of contract

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Playwrights received a publishing contract for the text of a play,, and at a later point set up a company limited by guarantee to put on the performances of the play. The publishing contract is made out to the individuals, not the company. However copies of the play are available for purchase at the performances or otherwise. The lawyer involved in the signing doesn't feel that it can be changed as it needed to be signed and dated before publication. What's the easiest way to deal with this?
Eden

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By carnmores
06th Apr 2006 12:58

Its not absolutely clear what your problem is!
you state that the individuals wrote the play and a company is putting it on. right so far?

now copies of the play are being sold at the theatre.

you want to know how to account for the sales of the script ? and or the play receipts; thats where i am not clear.

it seems that you need to grant a licence to the production company to do that. i do not think that this fall into a income to capital conversion scenario.

alternatively you could simply account for the scripts as income of the writers and outside the publishing company.

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By carnmores
07th Apr 2006 13:57

well i think i got it now
its a 1 liner

a+b hereby grant cltd a license to sell copies of the stageplay for a period of ....
for the consideraTion of £x.

obviously it would be better if you took legal advice but on a cost benefit that might be overkil.

incidentally how was the production company granted the right to perform

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By User deleted
06th Apr 2006 13:13

It's the sales of the scripts
They would prefer it all to run through the company.

How easy is it to grant a licence?

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