Option agreement

How it is used

Used in development; the option period and the eventual rights purchase are separate matters.

Example sentences

1. The option agreement gave the producer time to develop a script from the novel.

   Development can proceed during an agreed exclusive period.

2. Our producer checked when the option agreement expired before approaching investors.

   The date matters because the reserved opportunity has a limit.

Common collocations

• sign an option agreement
• option agreement term

Related terms

• pre-productionThe planning stage before filming starts, when the script is finished, the cast is chosen, locations are found and the budget and schedule are prepared.
• screenplayThe written plan of a film in a standard format, with scene headings, descriptions of action, character names and dialogue.

More terms: Pre-Production and Scripts

• script
• scene
• casting
• audition
• storyboard
• dialogue
• table read
• logline
• synopsis
• outline
• beat sheet
• sides