What is an option agreement? Get the essential forms, releases and contracts you'll need to get started on your documentary.Quickly create your own easy-to-understand actor contract with this customizable template no matter what type of production or project you're doing. An option agreement is made between a writer and a producer and grants the producer an exclusive option to buy the rights in the writer's work. 1) Send Actor's Agent script 2) Actor approves of project. 3) Producer sends contract to Agent. The Creators Legal Film Production contracts include everything a filmmaker needs! From Investment, Actor, Life Story Rights, Director Agreements and more! A. The following terms describe the tentative agreement reached for successor agreements to the 2020. A production company or studio reserves the right to make your work into a film, MOW, or TV show for a specific length of time.