Historic 1987 Sean Penn Legal Settlement Archive

This museum-grade, fully executed four-page Hollywood corporate Letter Agreement and Quitclaim Release—dated February 11, 1987—stands as an exceptional artifact of contemporary cinema history, studio legal archaeology, and classic screen biography. Personally hand-signed by two-time Academy Award-winning actor and director Sean Penn, this legal instrument formalizes the dissolution, quitclaim, and settlement of an unproduced theatrical motion picture project.

Executed during a monumental chapter of Penn's early-career rise to Hollywood royalty—shortly following his acclaimed performances in Bad Boys (1983) and At Close Range (1986)—this document captures the backstage mechanics managed by top-tier entertainment attorneys to resolve complex intellectual property rights.

Production Specifications & Quitclaim Covenants

Issued from the executive offices of ABC Motion Pictures, Inc. (located at 2020 Avenue of the Stars in Los Angeles), the agreement structures a comprehensive asset release mapping across multiple creative entities:

• The Project Genesis: Wounds down a development package for an unproduced feature film project explicitly entitled "Fighting."

• The Corporate Structure: Links major studio forces with the creative principals' custom production loan-out vehicles: ABC Motion Pictures, Foley Films, Inc. (FFI), and Clyde Is Hungry Productions, Inc. (CIHP)—Sean Penn's custom independent production vehicle.

• The Underlying Agreements: Officially terminates unexecuted 1985 contracts, including a Director Agreement for filmmaker James Foley, an Actor Agreement for Sean Penn, and a Writing Agreement for author Vincent Patrick.

• Ironclad Asset Release & Quiet Enjoyment: Sections 2, 3, and 5 establish that ABC Motion Pictures completely quitclaims, releases, and discharges all present and future rights, titles, and interests in the property, ensuring that Penn’s and Foley’s companies retain all future proceeds and enjoy absolute "quiet enjoyment" of the assigned assets.

Multi-Signature Execution Panel & Archival Condition

The final page houses a rare, stacked presentation of high-profile cinematic and studio legal validations:

• Pristine Penn Signature: The screen icon hand-penned an exhibition-quality cursive signature, "Sean Penn", in deep blue ink across the designated Clyde Is Hungry Productions execution block.

• Director Validation: Features the bold, flowing ink signature of acclaimed filmmaker James Foley (Glengarry Glen Ross), executing both on behalf of Foley Films, Inc. and as an individual principal.

• Studio Counter-Signature: Officially signed on behalf of ABC Motion Pictures, Inc. by corporate attorney A. Kaplan under the title “V.P. - B.A. - K.W.C.” (Vice President of Business Affairs).

Dating back nearly forty years, the original premium white bond sheets remain in magnificent, pristine archival condition. The margins preserve specific studio printing press matrix codes (“PB/tt/C/FI0609.3”), and the upper-left corner of the front page displays a natural vintage storage staple indicator from its lineage within the studio vaults. Housed inside clear, archival-grade display sleeves, this certified multi-signature archive represents the absolute zenith of premium modern cinema heritage collecting.