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Replace Arrow into the Screenplay Collaboration Agreement

Replace Arrow into the Screenplay Collaboration Agreement and eSign it in minutes

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What does option mean in screenplay?

A screenplay option is contracted permission that gives interested parties exclusive development and shopping rights to your screenplay. Its the step before the actual acquisition of your script.

What is an option agreement for rights to original screenplay?

A traditional option agreement gives a production company an exclusive right to develop an underlying copyright work (including an already written screenplay). It is acquired from the owner of the underlying work (or via their agent) for a fee.

What does it mean when a movie is optioned?

When a work is optioned, the producer has not actually purchased the right to use the source material; they have simply purchased the option to purchase the rights to the work at some point in the future, if they are successful in setting up a deal to actually film a movie (or series) based on it.

How much does a script option pay?

The option price is the initial sum of money offered to acquire the rights and keep the screenplay off the market. This is traditionally 10% of the purchase price. You keep the option fee regardless of whether the interested party ultimately acquires the screenplay.

What does it mean to option a story?

Whats an Option? An option is an agreement where author gives a producer/production company/screenwriter/someone the rights to try and get the movie set up. Theres a time period involved, usually a year with provisions for another year extension, and an amount paid to the author for each of those years. Thats it.

What does it mean to option a script?

Granting a producer an option means granting them the exclusive right to develop the script to try to raise the money to make it, get talent or a director attached, and otherwise exploit the property with the end goal of making your movie.

How do you write a collaboration agreement?

Jump to: Details of the joint project. Collaboration period and schedule. Confidentiality, exclusivity and permitted use. Reporting and project management. Payments by each party. Intellectual property rights. Data Protection. Non-solicitation.

What is an option agreement for a script?

An option agreement is made between a writer and a producer and grants the producer an exclusive option to buy the rights in the writers work. A shopping agreement allows the producer to represent the work but gives the producer fewer rights than an option and typically lasts for a shorter period.

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