5. If a Producer Wants to Shop Your Idea Around Without Paying for an Option on it, Make it Clear That Without an Option, They Don’t Have Exclusive Rights to Your Work. You are Free to Show the Idea to Other Producers and Intend to Do So
Remember that a no money option is worthless and only takes your script out of the market. If you are okay with that, great. But understand the consequences and remember that many option agreements have a clause that states if the writer doesn’t ask for the option to not be renewed at the end of the agreed-upon deadline, the option is therefore renewed for the time frame stipulated within the contract. Be wary of that.
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