What is an option agreement? Get the essential forms, releases and contracts you'll need to get started on your documentary.A. The following terms describe the tentative agreement reached for successor agreements to the 2020. Quickly create your own easy-to-understand actor contract with this customizable template no matter what type of production or project you're doing. 1) Send Actor's Agent script 2) Actor approves of project. 3) Producer sends contract to Agent. A production company or studio reserves the right to make your work into a film, MOW, or TV show for a specific length of time. An option agreement is made between a writer and a producer and grants the producer an exclusive option to buy the rights in the writer's work. The one hundred and sixteen (116) sample film industry agreements set out below are made available here primarily for educational purposes (i.e. Many writers have both.