Common use of Stage Rights Clause in Contracts

Stage Rights. The right to perform the Literary Property or adaptations of it on the spoken stage with actors appearing in person in the immediate presence of the audience, provided no broadcast, telecast, recording, photography or other reproduction of such performance is made. The Seller agrees not to exercise, or permit any other person to exercise, said stage rights earlier than three (3) years after the first general release or telecast, if earlier, of the first Picture produced hereunder, or five (5) years after the date of exercise of PGE’s option to acquire the Literary Property, whichever is earlier.