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Related: Culture Forums, Support ForumsIt has finally happened. I sold my first screenplay
The one that won me eight awards over the last 11 months is being sold. I need to fill out an NDA and I get the purchase agreement.
It is not being optioned!!!
MLAA
(17,163 posts)NanceGreggs
(27,813 posts)bmbmd
(3,088 posts)Congratulations and well done.
walkingman
(7,507 posts)femmedem
(8,187 posts)drray23
(7,587 posts)how does this work in the business ? Does this mean that they are not buying it just to sit on it, but instead to make a movie out of it?
Tetrachloride
(7,721 posts)AZLD4Candidate
(5,558 posts)we have 100% funding. Options lock a writer into a binding contract for a certain amount of time. If funding is secured, you get the rest of your money. If not, you keep the small portion but the piece is dropped from development and you're back at square one.
Options are used two ways, one good, one bad.
Good: Writer has money in pocket and the producer works hard to get funds together to make it.
Bad: Writer has money in pocket, but the producer has no interest in doing it but does not want others to do it, so they kill it and dry up a writer's progress.
viva la
(3,226 posts)I know how difficult this is, and you've done it!
Let us know more as the process goes on!
Generic Brad
(14,270 posts)I hope this is the first of many for you!
AllaN01Bear
(17,355 posts).
cate94
(2,797 posts)Congratulations!
Roy Rolling
(6,853 posts)Send me the deets when finalized. Make sure you have a good agent to navigate the next step, youre on the road to success and need a competent and experienced driver along the next stretch of highway.
I hope you have your WGA affairs in order.
AZLD4Candidate
(5,558 posts)sinkingfeeling
(51,275 posts)Skittles
(152,964 posts)have a lawyer check anything you sign!
Mme. Defarge
(7,981 posts)gademocrat7
(10,623 posts)Karadeniz
(22,267 posts)overleft
(353 posts)FakeNoose
(32,337 posts)Happy for you, my friend!
AZLD4Candidate
(5,558 posts)ancianita
(35,812 posts)You more than earned it!
Monsieur_Grumpe
(108 posts)Well done!
TlalocW
(15,358 posts)And yes, I will accept the lead role.
frogmarch
(12,145 posts)Congratulations!
Mousetoescamper
(2,944 posts)CaliforniaPeggy
(149,297 posts)mnhtnbb
(31,318 posts)jmowreader
(50,447 posts)Who do you want to star in the movie when they make it? I know the production company will pick the cast, but if you had the choice who would you get?
questionseverything
(9,631 posts)Do you have a trusted agent or legal adviser?
You are so close, dont let your excitement lead you into an agreement you later regret
Congratulations 🎈