First look deal

peacemaker · Nov 1, 2016

In one of the screenwriting book, First look deal is defined as "When an individual or company must allow a studio the first right of refusal on purchasing and or producing a project".

I didn't understand the term 'the first right of refusal'. (Why would an individual would allow the right of refusal on purchasing the script?)

AcousticAl · Nov 1, 2016

"First right of refusal" (more accurately "right of first refusal") means that the studio gets the first chance to produce/purchase, so the "individual or company" named in the contract cannot shop that script to any other party until and unless the studio turns down the script.

Filman · Nov 1, 2016

Weird book. Google it and it says the same... plus:

or right of first offer (also called a right of first negotiation)

First look deal

peacemaker

AcousticAl

Filman