Don`t expect a five-figure fee. These usually belong to the past, but wait between 500 and 1000 $US. It is better if they first offer a figure, but in this industry climate, if as a newcomer you can earn 1000 $US for a 12-month option, it is not so bad. $2,500 would probably be high-end for a stranger these days. If the WGA basic agreement is applicable when a script is sold, or under option, a minimum payment only buys the real estate sold or optioned; All other writing services require an additional payment of at least WGA Minimum. Therefore, paying for a scenario under the WGA base contract does not involve rewriting. There is an exception for writing for television, in this case, the minimum involves a revision of the script if it is requested within seven days of delivery, otherwise an additional payment is due. If the purchase price is higher than the minimum, the funds for the purchase price (at least or in a negotiated amount) may be set off against the amounts due for these benefits, if the author`s contract provides for such imputation, but pension and health contributions must be paid out of such credited amounts. As a rule, there are two option taxes and periods, that is, the first option is X amount for Y months, with the option to extend Y additional months for X. These are generally referred to as “second option fees” for the “second option period”.
You have until the end of the last option period to “exercise” the option. Normally, this happens when you have all the funding together and everyone is ready to shoot. If you receive an option agreement, make sure you get “something” in advance for your ip loan…