What this is
Option structures, attachment strategy and producer introductions. An option is not a production, and the difference is in the clauses.
What you get
Frequently asked
Twelve to eighteen months with extension rights. Longer terms should cost the producer more.
Only if contracted. Consultation rights are negotiable and rarely offered unprompted.
Rights return to you if the contract says so. If it does not, that is the problem.
Understanding option periods, extensions and lapse terms is what separates a payday from a book locked up for five years.
Whether you have any creative role, and whether you can be removed, is decided at option, not later.
Without clear lapse terms, unexercised options can effectively freeze a property indefinitely.
Also in Books & IP
Start here