Unless there are people out to break your legs if you don't pay them their money, I would suggest scrounging up the funds to buy a scriptwriting software package such as Final Draft, Movie Magic or Sophocles. These programs will automatically set your script up with the correct screenplay format and fonts, so that you can concentrate on writing a screenplay. If you're considering the costs, the $200 you spend on software will be minimal compared to the costs of copying your script and mailing it to prospective buyers or representation.
However, if there are guys out to break your legs if you don't come up with their money or if you're just one of those people who likes to do things on your own, then here are a few simple rules on proper screenplay format. Fonts – The first thing we should talk about is font choice. If you want to be considered as a serious screenwriter, you should always set your font to “Courier”. It is by far the font of choice in Hollywood and most other regions where Film Production is a serious business. Any other font marks you as an amateur. It sounds silly, but trust us: Use Courier as your font.
Indentations - Make sure you're not writing in "stage play" format. In other words, don't have the characters names to the far left. In general, the character's name should go somewhere around the middle of the page. Dialogue should go below that. We can give you hard line rules, but the best thing to do is check out some screenplays online...that will give you a better indication of how to indent.
The Page - Don't cramp your page. Some screenwriters try to put as much onto each page to lower their page count. This is a mistake. Make your descriptions lean and pages easy to read. People like "page turners" for a reason.
In general, the best thing to do is check out some screenplays for yourself. Even the rules for formatting can be broken if you do it well.
It's too much to think about really. That's why the easiest thing to do is to buy some screenplay software.
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