Legal Question in Entertainment Law in California

Re: Screenplay rights

Generally, a producer purchases an option. The Option is an exclusive opportunity for a limited time, to acquire all of the rights in the screenplay for a pre-agreed price.

The advantage of this is that the producer pays a small amount now for the exclusive window of time.... and has a fixed price for the rights, when and if the project gets financed.

If you've never done this before, you definitely need an entertainment lawyer to help you. Give me a call.