Option
An Option in scriptwriting is a legal agreement that gives someone temporary exclusive rights to develop a story idea, script, or other creative work. It's like reserving a script for a specific time period, usually 6-18 months. When producers or studios "option" a script, they pay the writer a smaller amount upfront for the right to potentially buy the full script later. This helps producers secure promising stories while they gather funding or interest from other parties. Think of it like putting a deposit down on a house - you're not buying it yet, but no one else can buy it while you decide.
Examples in Resumes
Secured an Option agreement for original screenplay with Major Studio Pictures
Negotiated Option renewal for TV pilot script with streaming network
Three original screenplays currently under Option with various production companies
Typical job title: "Screenwriters"
Also try searching for:
Where to Find Screenwriters
Professional Organizations
Job Boards
Online Communities
Example Interview Questions
Senior Level Questions
Q: How do you negotiate option renewals and what terms are most important?
Expected Answer: An experienced writer should discuss standard option periods, renewal fees, and how to maintain some creative control while being flexible with producers' needs. They should mention the importance of defining purchase price and credit terms upfront.
Q: What's your experience with multiple options on different projects?
Expected Answer: Should demonstrate understanding of managing multiple options simultaneously, tracking deadlines, and maintaining relationships with different producers while continuing to develop new work.
Mid Level Questions
Q: What are the key elements you look for in an option agreement?
Expected Answer: Should mention option length, payment terms, purchase price, credit requirements, and rights reversions. Should show understanding of standard industry option fees and terms.
Q: How do you handle revision requests during the option period?
Expected Answer: Should discuss balancing producer feedback with maintaining artistic vision, understanding when revisions are covered by the option fee versus requiring additional payment.
Junior Level Questions
Q: Can you explain what an option agreement is and its basic terms?
Expected Answer: Should be able to explain that an option is a temporary right to develop a script, typical timeframes, and basic payment structure (option fee versus purchase price).
Q: What's the difference between an option and a sale?
Expected Answer: Should understand that an option is temporary and cheaper than a full purchase, and that it gives producers time to develop the project before deciding to buy.
Experience Level Indicators
Junior (0-2 years)
- Understanding basic option agreements
- Script formatting and submission
- Basic industry terminology
- Following submission guidelines
Mid (2-5 years)
- Negotiating option terms
- Managing multiple options
- Working with producers
- Understanding contract language
Senior (5+ years)
- Complex deal negotiation
- Managing option portfolios
- Industry relationship building
- Strategic career planning
Red Flags to Watch For
- No understanding of standard option terms and timeframes
- Unwillingness to make any script changes
- No knowledge of industry-standard formatting
- Lack of completed scripts or writing samples
Related Terms
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