California Option Agreement For Screenplay
Description
How to fill out California Option To Purchase Package?
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FAQ
A screenplay option is typically negotiated at around 10% of the purchase price. According to WGA conventions, the purchase price is around 3-5% of the total production budget. However I've heard of screenplay options being negotiated for as little as $500 and as high as $50000.
This Screenplay Option Agreement template is a contract that allows a producer or a studio to obtain the film rights to a writer's screenplay for a period of time with the goal of making it into a film.
Under an option agreement, the producer does not immediately purchase the rights necessary to produce the production (which perhaps might be a feature film, a series, etc.); rather, the creator provides the producer an amount of time (the option period) during which the producer has the exclusive right to purchase
When you option a script, a book, or some other piece of material, you're making a deal that says basically:I'll pay you X amount of dollars right now.In return, you promise that for a certain period of time (called the option period), you won't sell this (script/book/whatever) to anyone else.More items...?
When you option a script, a book, or some other piece of material, you're making a deal that says basically:I'll pay you X amount of dollars right now.In return, you promise that for a certain period of time (called the option period), you won't sell this (script/book/whatever) to anyone else.More items...?
