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An Option Agreement is simply a contract between the original owner of a specific work (e.g., a novel or a screenplay) and a producer (e.g., a production company or a network) (often referred to as the purchaser) interested in producing the work and turning it into a film, play or television series.
The Low Budget Agreement allows writers to write and sell a narrative feature-length screenplay under the protection of the Writers Guild if the theatrical film's budget is at or below $1.2 million.
WGA minimum basic agreement 2022 Theatrical If asked to write narration on someone else's screenplay: High budget: $86,191. Low budget: $42,366.
The contract is intended to facilitate the negotiating process between a writer or his/her representative and a company employing that writer. Companies, writers and their representatives may use these forms to memorialize employment agreements before the submission of a "long-form" agreement.
The three most common contract types include:Fixed-price contracts.Cost-plus contracts.Time and materials contracts.
Term of the Deal The term of a TV contract is the length of time you're committing to the station. Expect two to three years, up to five years if you're being offered a top-level position.
WGAE dues are set by the Council (a governing body made up of elected members). Dues are 1.5% of earnings + $40/quarter membership fee. Upon leaving a union shop, individuals can decide to continue paying the $40/quarter fee to retain Guild membership.
We Recommend: Writers Guild of America West ($20) The simplest, most legitimate way to protect your script is by registering it with the WGA.
Script publication fee: doubles from $5,000 to $10,000. It's a fee that's payable for any theatrical script produced under WGA jurisdiction, even if the script is not published. Read the entire WGA email below.
The Minimum Basic Agreement (MBA) is the collective bargaining agreement that covers the benefits, rights, and protections for most of the work done by WGA members.