Under the two-year pact, Touchstone TV will have first crack at Coquette's development, according to The Hollywood Reporter.
Coquette first partnered with Touchstone TV this past development season to co-produce the comedy pilot TALKSHOW DIARIES, starring Nancy Travis.
Cox and Arquette come to Touchstone Television from Warner Bros Television (WBTV), where Coquette had a first-look deal since its launch in 2004.
Under that deal, the duo developed and are executive producing the comedy DIRT. WBTV has opted not to produce the project, and there is a possibility for Touchstone TV to come in as producer.