Wasn't that the movie with the scene where the founders are presented with deal terms and given X hours to decide and they think they can't consult with any out

Wasn't that the movie with the scene where the founders are presented with deal terms and given X hours to decide and they think they can't consult with any outside people (attorneys, etc) during that time? Does that ever really happen? My instant answer would be "No" if I was seriously given that restriction.