Dark Matter

  Media

© 2018 by Dark Matter Media LLC

 
where creatives control

Mutual Option​

  • You retain the right to sell your script to another producer or to enter your script in other competitions; however, if you win the Dark Matter Competition, in order to receive the grand prize you must consent to Dark Matter's offer to exercise the development option.

  • If you win, Dark Matter will:

1) Offer to exercise the mutual development option for your script in exchange for $25,000.

2) Endeavor to develop your script into a feature length film (assuming you consent to the option).  If Dark Matter is unable to begin principal production of your script (i.e., filming) within 3 years of the date the mutual option is exercised, the development rights will revert back to you.

  • You have the right to decline Dark Matter's offer to exercise the option; provided, however, that if you decline you will not receive the grand prize. 

  • In the event that the winner of the Dark Matter Competition does not consent to Dark Matter's offer to exercise the mutual option, Dark Matter will offer the grand prize, in exchange for development rights, to the writer of the next-highest placing script, who will also have the right to accept or decline the mutual option.  Dark Matter will repeat this process until an entrant agrees to exercise the mutual option.

  • ​Your and Dark Matter's agreement regarding the mutual option is memorialized in full in the Submission & Mutual Option Agreement, which supersedes and controls over this summary.

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