Response required. Response required. Be for IP created and owned by a person(s) identifying, and confirmed by a statutory declaration by the applicant, as belonging to one of the under-represented groups listed in the Screen NSW Diversity Commitment
Be for IP in the form of a literary work, published article, podcast, or digital game (unpublished works are eligible if the work will be published within six (6) months of the Option being signed and an agreement can be provided)
Have a fully executed option agreement in place between the applicant and the I.P creator that has been executed no longer than three (3) months prior to the date of application that proves they have exclusively optioned pursuant to an appropriate option the copyright in the underlying work, with an initial option period of 18 months with 2 extensions of 12 months each
Have an option agreement that includes o Exclusive licence of all rights necessary to develop the screen or digital games project based on the underlying work during the option period/s
Have an option to purchase all underlying rights to produce, market and exploit the screen or digital games project based on the underlying work. The purchase price must be based on a fixed calculation or be a fixed amount
Have an option agreement which requires the applicant to obtain any necessary third-party approvals or releases. For example, a book option will require a publisher’s release
Include a complete assignment of all rights in the underlying work, worldwide, in perpetuity