abstract:A first look deal is any contract containing a clause granting, usually for a fee or other consideration that covers a specified period of time, a right of pre-emption, right of first refusal, or right of first offer (also called a right of first negotiation) to another party, who then is given the first opportunity to buy outright, co-own, invest in, license, etc., something that is newly coming into existence or on the market for the first time or after an absence, such as intellectual property (manuscript, musical composition, invention, artwork, business idea, etc.
Even though this is the first time LIU Brooklyn has had to go the route of the First Four, Perri doesn't look at a so-called play-in game as that big of a deal.