Got a question for the legal screeenwriters. Below is a paragraph in an option, can any one explain it. I have my own idea what it means but want to see what you all think.
Terms
The term of this agreement is two yearswith the "Producer/s- option to renew the agreement for anadditional year for an amount to be decided upon at the end of thefirst term unless both parties agree to terminate the agreement inwriting within two weeks of terms end.
Thanks for any input!
racoon
Terms
The term of this agreement is two yearswith the "Producer/s- option to renew the agreement for anadditional year for an amount to be decided upon at the end of thefirst term unless both parties agree to terminate the agreement inwriting within two weeks of terms end.
Thanks for any input!
racoon
Comment