Common use of PURCHASE PRICE OF PROPERTY Clause in Contracts

PURCHASE PRICE OF PROPERTY. As consideration for all rights granted and assigned to Producer including the production of one or more theatrical or television motion pictures, and for Writer’s representations and warranties, Producer agrees to pay to Writer, and Writer agrees to accept, the following compensation (the “Purchase P rice”): If a motion picture is produced based on the Property with a final production budget more than $100,000 but less than $500,000, the Writer shall be paid the sum of $10,000. If a motion picture is produced based on the Property with a final production budget more than $500,000 but less than $1M, the Writer shall be paid the sum of $30,000. If a motion picture is produced based on the Property with a final production budget more than $1M, the Writer shall be paid the sum of $50,000.

PURCHASE PRICE OF PROPERTY. As consideration for all rights granted and assigned to Producer including the production of one or more theatrical or television motion pictures, and for Writer’s 's representations and warranties, Producer agrees to pay to Writer, and Writer agrees to accept, the following compensation (the “"Purchase P rice”"): If a motion picture is produced based on the Property with a final production budget more than $100,000 but less than $500,000, the Writer shall be paid the sum of $10,0007,500. If a motion picture is produced based on the Property with a final production budget more than $500,000 but less than $1M, the Writer shall be paid the sum of $30,000. If a motion picture is produced based on the Property with a final production budget more than $1M, the Writer shall be paid the sum of $50,000.

PURCHASE PRICE OF PROPERTY. As consideration for all rights granted and assigned to Producer including the production of one or more theatrical or television motion pictures, and for Writer’s representations and warranties, Producer agrees to pay to Writer, and Writer agrees to accept, the following compensation (the “Purchase P rice”): If a motion picture is produced based on the Property with a final production budget more than $100,000 but less than $500,000, the Writer shall be paid the sum of $10,0007,500. If a motion picture is produced based on the Property with a final production budget more than $500,000 but less than $1M, the Writer shall be paid the sum of $30,000. If a motion picture is produced based on the Property with a final production budget more than $1M, the Writer shall be paid the sum of $50,000.