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?)
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?)