I am entering a competition for a stage show script. One of the conditions of entry is a bit ambiguous. The condition of entry I am concerned about is below: XXX shall have world-wide first right of refusal to produce the winning play for a period of 12 months following announcement of the winner. FYI, announcement date of the winner has been already assigned. Does you guys read this as: XXX has the right of first refusal for 12 months (and if they were to execute that right they would be able to produce the play indefinitely?) OR XXX has the right of first refusal to produce the play for 12 months (meaning if they executive the right, they will only be able to produce it for 12 months without having to pay royalties?) I understand you can't give me any binding advice, but your thoughts would be appreciated. Thanks! Side note: I apologise if this is the wrong forum, but I have seen people posting questions about terms and conditions about publishing in here before, and I am not sure where else to post it.