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Course Description

An option agreement is a contract that grants the holder the right — but not the obligation — to buy or sell an asset at a predetermined price within a specified period. This course delves into the details of option agreements, bonus payments, and royalty calculations. You will explore the foundational elements of these agreements and gain insight into ways to assess compensation terms to ensure they are fair and in line with industry standards.

You will also examine the conditions that trigger bonus payments and their implications, along with methods for calculating royalties. By the end, you’ll have the knowledge and tools to advocate for fair compensation and collaborate effectively with a lawyer to negotiate the most favorable deal for your interests.

Faculty Author

Howard Leib

Benefits to the Learner

  • Identify the elements and purposes of an option agreement and evaluate compensation terms
  • Recognize conditions that lead to bonus payment
  • Understand calculation methods for royalties

Target Audience

  • TV, film, and theater professionals
  • Agents and managers
  • Entertainment executives
  • Producers
  • Creative professionals and artists
  • Writers
  • Directors
  • Musicians and recording artists
  • Journalists
  • Media professionals
  • Podcasters
  • Content creators
  • Influencers
  • Lawyers looking to get into entertainment law

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
Dec 17, 2025 to Dec 30, 2025
Total Number of Hours
10.0
Course Fee(s)
Standard Price $999.00
Type
2 week
Dates
Mar 11, 2026 to Mar 24, 2026
Total Number of Hours
10.0
Course Fee(s)
Standard Price $999.00
Type
2 week
Dates
Jun 03, 2026 to Jun 16, 2026
Total Number of Hours
10.0
Course Fee(s)
Standard Price $999.00
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