Optioning a script refers to the process of securing the rights to a screenplay for a specified period, allowing producers or studios the chance to develop it into a film or television project. This agreement gives the option holder the exclusive right to purchase the script for production, usually after paying an upfront fee and potentially additional payments if they decide to move forward with the project. It is a crucial step in the development phase as it involves negotiations between writers and those in the industry, highlighting the importance of collaboration.
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