"Miramax is wrong, plain and simple," Tarantino's attorney Bryan Freedman said in a statement, reports variety.com.
"Quentin Tarantino's contract is clear: he has the right to sell NFTs of his hand-written script for Pulp Fiction and this ham-fisted attempt to prevent him from doing so will fail."
"But Miramax's callous decision to disclose confidential information about its filmmakers' contracts and compensation will irreparably tarnish its reputation long after this case is dismissed."
Tarantino announced the sale at a recent crypto-art convention in New York.
The plan is to auction off NFT (non-fungible tokens) based on excerpts from Tarantino's original handwritten script for the film, accompanied by commentary. The NFT is pitched as 'secret', meaning that its contents will be viewable exclusively by the owner.
But according to the suit, Tarantino did not consult beforehand with Miramax, which still owns the rights to the director's 1994 classic.
Miramax's attorneys have sent a cease and desist letter seeking to block the sale, but that has not stopped Tarantino and his team from moving forward.
Miramax claims that Tarantino's actions have interfered with the studio's own plans to enter the market for 'Pulp Fiction' NFTs.
In a statement, Miramax attorney Bart Williams accused Tarantino's team of a "deliberate, pre-meditated, short-term money grab".
"This group chose to recklessly, greedily, and intentionally disregard the agreement that Quentin signed instead of following the clear legal and ethical approach of simply communicating with Miramax about his proposed ideas," Williams said.
"This one-off effort devalues the NFT rights to aPulp Fiction,' which Miramax intends to maximize through a strategic, comprehensive approach."
The suit appears to turn on the question of whether selling NFTs based on excerpts of a screenplay qualify as a "publication" of the screenplay. According to the suit, Tarantino's lawyer has told Miramax that the director retained the right to publish his screenplay in the Miramax contract, and that he is exercising that right through the NFT sale.
Miramax argues that NFTs are a one-time sale, and are not equivalent to publication of a screenplay, and that therefore Miramax owns the NFT rights.
The suit states claims of breach of contract, copyright infringement, trademark infringement and unfair competition.