In my original article “10 Things To Think About When You Option Your Screenplay” I included the passage:
“…negotiate the rights to any changes or alternative versions created by the producer or on behalf of the producer during the option period. In other words, if the script reverts back to you, so should the rights to any changes made to the script while the producer had it. Otherwise, you’ve got your script back, but the producer potentially still has rights to their version… and now you’re in competition with another version of your script that you don’t control. That’s not a place you want to be.”
But was I right?
I recently received some guidance on that point from Adam Levenberg of HireAHollywoodExec.com.
“Technically what you wrote is not correct. In the case of rights reversion, you are not competing with the ‘producer’s draft’ because the producer does not have the rights to shop, sell, or produce their version. But you are correct that without proper language in the contract, the producer does hold on to the rights to those ‘producer drafts’.”
I thought you should hear more from Adam, so I’m turning the blog over to him. Here’s what he’s got to say. Continue reading