The film marks the directorial debut of "Tron Legacy" writers Brian Klugman and Lee Sternthal.
Klugman and Sternthal also penned the script, which went through the Sundance Screenwriter's Lab and appeared on the Black List, the annual roster of Hollywood's best unproduced screenplays.
"The Words" is scheduled to start shooting this month.
It is about a writer who, at the peak of his literary success, discovers the price he must pay for stealing another man's work, a synopsis said.
Costly malfunction causes beer flood at Boston-area brewery
Wisconsin business offering 'therapeutic cuddling' forced to close