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Filmclusive

Pre-production · document

Option agreement

A contract granting an exclusive limited period to acquire specified underlying screen rights on defined terms.

In practice

Qualified counsel should define property, fee, term, extensions, purchase price, reserved rights, reversion, and warranties.

Explore related entries

Sources

  1. E-learning glossary · ScreenSkills
  2. High-end TV scripted production paperwork · ScreenSkills

Educational reference only. Requirements vary by jurisdiction, employer, venue, and production context.