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<blockquote data-quote="Mistwell" data-source="post: 3288462" data-attributes="member: 2525">False.&nbsp; There is nothing specifically brief about an option.&nbsp; It can last decades.&nbsp; Usually it's one to two years.&nbsp; And an option IS an acquistion to rights on an exclusive basis, for a period of time.&nbsp; That's the point of an option.False.&nbsp; Options are always paid for (or some other consideration must be given), and it is not unusual to pay a lot for them.&nbsp; Sometimes it's only a few thousand, but often it's a LOT more.False, that is usually what it is.&nbsp; With an option, you are buying a set of rights for a period of time.That is precisely what many options are.An option is in fact a deal for the rights.&nbsp; You may pay MORE later, but you are paying for a right.It probably is.&nbsp; I'd have to see the actual agreement, but the language used for this sounds like it's an option.&nbsp; Until there is a fully functioning and approved screenplay, it's probably just an option.An agreement to produce, and an agreement to write, are different agreements.&nbsp; That doesn't mean this isn't an option, however.&nbsp; It also does not mean that the agreement to write and produce were not contingent agreements on the future exercise of an option.&nbsp; In fact, usually with a book-based option it IS contingent on a screenplay being written.</blockquote>

[QUOTE="Mistwell, post: 3288462, member: 2525"] False. There is nothing specifically brief about an option. It can last decades. Usually it's one to two years. And an option IS an acquistion to rights on an exclusive basis, for a period of time. That's the point of an option. False. Options are always paid for (or some other consideration must be given), and it is not unusual to pay a lot for them. Sometimes it's only a few thousand, but often it's a LOT more. False, that is usually what it is. With an option, you are buying a set of rights for a period of time. That is precisely what many options are. An option is in fact a deal for the rights. You may pay MORE later, but you are paying for a right. It probably is. I'd have to see the actual agreement, but the language used for this sounds like it's an option. Until there is a fully functioning and approved screenplay, it's probably just an option. An agreement to produce, and an agreement to write, are different agreements. That doesn't mean this isn't an option, however. It also does not mean that the agreement to write and produce were not contingent agreements on the future exercise of an option. In fact, usually with a book-based option it IS contingent on a screenplay being written. [/QUOTE]

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